READY_2_GO_LTD - Accounts

READY 2 GO LIMITED - Company Information

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Company Registration No. 06931179 (England and Wales)

READY 2 GO LTD

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2015

READY 2 GO LTD

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

READY 2 GO LTD

ABBREVIATED BALANCE SHEET

AS AT

31 DECEMBER 2015

- 1 -

2015

2014

Notes

Fixed assets

Intangible assets

38,983

42,298

Tangible assets

296

395

39,279

42,693

Current assets

Debtors

5,904

14,241

Cash at bank and in hand

4,774

4,084

10,678

18,325

Creditors: amounts falling due within one year

(20,046)

(14,077)

Net current liabilities/(assets)

(9,368)

4,248

Total assets less current liabilities

29,911

46,941

Capital and reserves

Called up share capital

100

Profit and loss account

29,811

46,841

Shareholders' funds

29,911

46,941

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 members have 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 20 April 2016

Mr O Taylor

Director

Company Registration No. 06931179

READY 2 GO LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015

- 2 -

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

Patents

Patents are valued at cost less accumulated amortisation. Amortisation is calculated to write off the cost in equal annual instalments over their estimated useful lives.

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:

Plant and machinery

25% reducing balance

1.6

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 January 2015 & at 31 December 2015

49,746

1,661

51,407

Depreciation

At 1 January 2015

7,447

1,266

8,713

Charge for the year

3,316

3,415

At 31 December 2015

10,763

1,365

12,128

Net book value

At 31 December 2015

38,983

296

39,279

At 31 December 2014

42,298

395

42,693

READY 2 GO LTD

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2015

- 3 -

Share capital

2015

2014

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100

Control

The ultimate controlling party is the director, Mr O Taylor, by virtue of his shareholding.

Related party transactions

Included within other creditors is £11,268 (2014: £5,646) owed to Suretech Adhesive Tapes Limited, a company of which Mr O Taylor is also a director and shareholder. During the year Suretech Adhesive Tapes Limited made payments on behalf of Ready 2 Go Limited of £850 (2014: £Nil). Ready 2 Go Limited also made payments to Suretech Adhesive Tapes Limited of £Nil (2014: £50,701). During the year, invoices were received from Suretech Adhesive Tapes Limited of £Nil (2014: £39,507).