Remy Associates Limited - Period Ending 2016-02-29

Registration number: 08886696

Remy Associates Limited

Unaudited Abbreviated Accounts

for the Year Ended 29 February 2016
 

PMB Accountants Limited
2 Heathermount Court
Comber
Newtownards
Co. Down
BT23 5NT

Remy Associates Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Remy Associates Limited
for the Year Ended 29 February 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Remy Associates Limited for the year ended 29 February 2016 set out on pages from the company's accounting records and from information and explanations you have given us.

We have carried out this engagement in acordance with guidance issued by Chartered Accountants Ireland, and have complied with the ethical guidance laid down by the institute relating to members undertaking the compliation of financial statements.

This report is made solely to the Board of Directors of Remy Associates Limited , as a body, in accordance with the terms of our engagement letter . Our work has been undertaken solely to prepare for your approval the accounts of Remy Associates Limited and state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Remy Associates Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Remy Associates Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Remy Associates Limited. You consider that Remy Associates Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Remy Associates Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

PMB Accountants Limited
2 Heathermount Court
Comber
Newtownards
Co. Down
BT23 5NT

23 November 2016

Page 1

Remy Associates Limited
(Registration number: 08886696)
Abbreviated Balance Sheet at 29 February 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets					782			337
Current assets
Debtors					4,552			-
Cash at bank and in hand					4,344			16,372
					8,896			16,372
Creditors: Amounts falling due within one year					(9,380)			(9,411)
Net current (liabilities)/assets					(484)			6,961
Net assets					298			7,298
Capital and reserves
Called up share capital		3			2			1
Profit and loss account					296			7,297
Shareholders' funds					298			7,298

For the year ending 29 February 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the director on 23 November 2016

.........................................
Mr Lee Mummery
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Remy Associates Limited
Notes to the Abbreviated Accounts for the Year Ended 29 February 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

The accounts do not include a cash flow statement because the company, as a small reporting entity, is exempt from the requirements to prepare such a statement.

Turnover

Turnover represents amounts chargeable in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Fixtures and Fittings	20% Straight line

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 3

Remy Associates Limited
Notes to the Abbreviated Accounts for the Year Ended 29 February 2016
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 March 2015		459			459
Additions		634			634
At 29 February 2016		1,093			1,093
Depreciation
At 1 March 2015		122			122
Charge for the year		189			189
At 29 February 2016		311			311
Net book value
At 29 February 2016		782			782
At 28 February 2015		337			337

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary shares of £1 each		2			2			1			1

Page 4