Rannoch Adventure Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 07887751 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 December 2015

for

Rannoch Adventure Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

C R B Pitcher

REGISTERED OFFICE:

2 High Street

Burnham on Crouch

Essex

CM0 8AA

REGISTERED NUMBER:

07887751 (England and Wales)

ACCOUNTANTS:

Harvey Smith & Co Limited

Chartered Certified Accountants

2 High Street

Burnham on Crouch

Essex

CM0 8AA

FIXED ASSETS

Tangible assets

2

30,284

24,429

CURRENT ASSETS

Stocks

20,000

20,000

Debtors

148,280

61,080

Cash at bank and in hand

43,323

57,988

211,603

139,068

CREDITORS

Amounts falling due within one year

189,529

156,524

NET CURRENT ASSETS/(LIABILITIES)

22,074

(17,456

)

TOTAL ASSETS LESS CURRENT LIABILITIES

52,358

6,973

CREDITORS

Amounts falling due after more than one year

-

5,410

NET ASSETS

52,358

1,563

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

52,258

1,463

SHAREHOLDERS' FUNDS

52,358

1,563

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 30 September 2016 and were signed by:

C R B Pitcher - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax, except in respect of service contracts

where turnover is recognised when the company obtains the right to consideration.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

15% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date. Deferred tax assets are recognised to the extent that it is regarded as more likely than not that they

will be recovered. Deferred tax assets and liabilities are not discounted.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

35,970

Additions

13,500

At 31 December 2015

49,470

DEPRECIATION

At 1 January 2015

11,541

Charge for year

7,645

At 31 December 2015

19,186

NET BOOK VALUE

At 31 December 2015

30,284

At 31 December 2014

24,429

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.15

31.12.14

value:

£

£

100

Ordinary

£1

100

100

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2015 and

31 December 2014:

31.12.15

31.12.14

£

£

C R B Pitcher

Balance outstanding at start of year

20,290

-

Amounts advanced

45,639

20,290

Amounts repaid

(28,250

)

-

Balance outstanding at end of year

37,679

20,290