Company Registration No. 08172452 (England and Wales)
RAYGUN LTD
Unaudited abbreviated financial statements
For the year ended 31 December 2015
RAYGUN LTD
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
RAYGUN LTD
ABBREVIATED BALANCE SHEET
As at 31 December 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Intangible assets
2
-
1,667
Tangible assets
2
2,558
721
2,558
2,388
Current assets
Stocks
100,891
69,942
Debtors
10,058
2,537
Cash at bank and in hand
1,905
6,902
112,854
79,381
Creditors: amounts falling due within one year
(74,214)
(52,645)
Net current assets
38,640
26,736
Total assets less current liabilities
41,198
29,124
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
41,098
29,024
Shareholder's funds
41,198
29,124
For the financial year ended 31 December 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 26 September 2016
R D Jenkins
Director
Company Registration No. 08172452
RAYGUN LTD
NOTES TO THE ABBREVIATED ACCOUNTS
For the year ended 31 December 2015
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of 3 years. of 3 years.
1.5
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Fixtures, fittings & equipment
20% reducing balance
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 January 2015
4,999
1,126
6,125
Additions
-
2,476
2,476
At 31 December 2015
4,999
3,602
8,601
Depreciation
At 1 January 2015
3,332
405
3,737
Charge for the year
1,667
639
2,306
At 31 December 2015
4,999
1,044
6,043
Net book value
At 31 December 2015
-
2,558
2,558
At 31 December 2014
1,667
721
2,388
RAYGUN LTD
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
For the year ended 31 December 2015
- 3 -
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
100 Ordinary shares of £1 each
100
100
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