Retrospace Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 09576132 (England and Wales)

Abbreviated Unaudited Accounts

for the Period 6 May 2015 to 31 May 2016

for

Retrospace Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

S Billings

Mrs V Billings

REGISTERED OFFICE:

89 Wilton Road

Feltwell

Thetford

Norfolk

IP26 4AY

REGISTERED NUMBER:

09576132 (England and Wales)

ACCOUNTANTS:

Sarah Place Accountants Ltd

Unit 4b

Boldero Road

Bury St Edmunds

Suffolk

IP32 7BS

CURRENT ASSETS

Debtors

121

Cash at bank

249

370

CREDITORS

Amounts falling due within one year

1,370

NET CURRENT LIABILITIES

(1,000

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(1,000

)

CAPITAL AND RESERVES

Called up share capital

3

70

Profit and loss account

(1,070

)

SHAREHOLDERS' FUNDS

(1,000

)

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 May 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 14 October 2016 and were signed on its behalf by:

S Billings - Director

Mrs V Billings - 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 reducing balance

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

Additions

357

Disposals

(357

)

At 31 May 2016

-

DEPRECIATION

Charge for period

89

Eliminated on disposal

(89

)

At 31 May 2016

-

NET BOOK VALUE

At 31 May 2016

-

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

70

Ordinary

1

70

70 Ordinary shares of 1 each were allotted and fully paid for cash at par during the period.