Red Door VR Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 04042719 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2016

FOR

RED DOOR VR LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mr A J Quinn

SECRETARY:

Mr C Bainbridge

REGISTERED OFFICE:

2 Springwood Grove

Leeds

LS8 2QH

REGISTERED NUMBER:

04042719 (England and Wales)

ACCOUNTANTS:

J S White & Co Limited

25-29 Sandy Way

Yeadon

Leeds

West Yorkshire

LS19 7EW

FIXED ASSETS

Tangible assets

2

1,028

668

CURRENT ASSETS

Stocks

10,868

4,654

Debtors

232

1,392

Cash at bank

12,952

10,438

24,052

16,484

CREDITORS

Amounts falling due within one year

24,948

16,652

NET CURRENT LIABILITIES

(896

)

(168

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

132

500

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

32

400

SHAREHOLDERS' FUNDS

132

500

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2016 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 20 October 2016 and were signed by:

Mr A J Quinn - 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.

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2015

53,256

Additions

742

At 30 April 2016

53,998

DEPRECIATION

At 1 May 2015

52,588

Charge for year

382

At 30 April 2016

52,970

NET BOOK VALUE

At 30 April 2016

1,028

At 30 April 2015

668

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

100

Ordinary

£1.00

100