RISE_TO_LIMITED - Accounts

RISE TO LIMITED - Company Information

Print Friendly Version

Company Registration No. 08570213 (England and Wales)

RISE TO LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2016

TWP Accounting LLP

Chartered Accountants

The Old Rectory

Church Street

Weybridge

Surrey

KT13 8DE

RISE TO LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

RISE TO LIMITED

Company Registration No. 08570213

ABBREVIATED BALANCE SHEET

AS AT 31 March 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

2,231

214

Current assets

Debtors

21,429

12,977

Cash at bank and in hand

360,192

77,894

381,621

90,871

Creditors: amounts falling due within one year

(286,074)

(213,566)

Net current assets/(liabilities)

95,547

(122,695)

Total assets less current liabilities

97,778

(122,481)

Capital and reserves

Called up share capital

161

111

Share premium account

898,354

154,789

Profit and loss account

(800,737)

(277,381)

Shareholders' funds

97,778

(122,481)

For the financial year ended 31 March 2016 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 21 September 2016

D Cheatle

Director

RISE TO LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

- 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

Turnover

Turnover represents amounts receivable for event services supplied during the year net of VAT and trade discounts.

For the current year turnover also includes amounts received from HMRC relating to research and development refunds.

Income is recognised in the period in which the service is supplied.

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:

Office equipment

33.33% straight line

Fixed assets

Tangible assets

Cost

At 1 April 2015

404

Additions

3,227

At 31 March 2016

3,631

Depreciation

At 1 April 2015

190

Charge for the year

1,210

At 31 March 2016

1,400

Net book value

At 31 March 2016

2,231

At 31 March 2015

214

RISE TO LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2016

- 3 -

Share capital

2016

2015

Allotted, called up and fully paid

160,575 Ordinary of £0.001 each (2015 - 11,132 Ordinary of £0.01 each)

161

111

320 Deferred of £0.001 each (2015 - Nil)

During June 2015 a resolution was passed and the 11,132 ordinary £0.01 shares were converted into 111,000 ordinary £0.001 shares and 320 deferred £0.001 shares.

In November 2015 49,575 ordinary £0.001 shares were issued at £15 per share. The amount paid above par has been recognised as share premium.