Rag Consulting Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 06649607 (England and Wales)

ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2016

FOR

RAG CONSULTING LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Miss A Barrett

Mr S Trigg

REGISTERED OFFICE:

Littlehaven House

24-26 Littlehaven Lane

Horsham

West Sussex

RH12 4HT

REGISTERED NUMBER:

06649607 (England and Wales)

ACCOUNTANTS:

Horsham Accountancy Services Ltd

Littlehaven House

24-26 Littlehaven Lane

Horsham

West Sussex

RH12 4HT

FIXED ASSETS

Tangible assets

2

257

384

CURRENT ASSETS

Debtors

17,289

49,210

Cash at bank

39,076

-

56,365

49,210

CREDITORS

Amounts falling due within one year

38,120

30,689

NET CURRENT ASSETS

18,245

18,521

TOTAL ASSETS LESS CURRENT
LIABILITIES

18,502

18,905

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

18,402

18,805

SHAREHOLDERS' FUNDS

18,502

18,905

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 28 September 2016 and were signed on its behalf
by:

Miss A Barrett - Director

Mr S Trigg - 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.

Tangible fixed assets

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

Computer equipment

-

25% on cost

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

4,425

DEPRECIATION

At 1 April 2015

4,041

Charge for year

127

At 31 March 2016

4,168

NET BOOK VALUE

At 31 March 2016

257

At 31 March 2015

384

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

100

Ordinary

1

100

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2016 and

31 March 2015:

31.3.16

31.3.15

£

Miss A Barrett

Balance outstanding at start of year

27,612

-

Amounts advanced

-

27,612

Amounts repaid

(27,612

)

-

Balance outstanding at end of year

-

27,612

Ms A Barrett the Director, benefitted from a loan facility during the year. The facility is repayable on

demand and the company charges interest on amounts outstanding of 4.00% per annum.