Company Registration No. 08333092 (England and Wales)
RAILGAADI LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2015
RAILGAADI LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
RAILGAADI LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 DECEMBER 2015
31 December 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
6,791
8,282
Current assets
Debtors
-
12,641
Cash at bank and in hand
135,476
33,180
135,476
45,821
Creditors: amounts falling due within one year
(97,328)
(36,413)
Net current assets
38,148
9,408
Total assets less current liabilities
44,939
17,690
Capital and reserves
Called up share capital
3
2
2
Profit and loss account
44,937
17,688
Shareholders' funds
44,939
17,690
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.
Directors' 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 directors acknowledge their 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 30 September 2016
J Dhelaria
Director
Company Registration No. 08333092
RAILGAADI LIMITED
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
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.3
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
18% Reducing Balance Method
2
Fixed assets
Tangible assets
£
Cost
At 1 January 2015 & at 31 December 2015
10,100
Depreciation
At 1 January 2015
1,818
Charge for the year
1,491
At 31 December 2015
3,309
Net book value
At 31 December 2015
6,791
At 31 December 2014
8,282
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
2 Ordinary Shares of £1 each
2
2
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