Abbreviated Company Accounts - REM CORPORATION LTD

REM CORPORATION LTD - Company Information

08940797 REM CORPORATION LTD 2016-03-31 false 2015-04-01 2016-03-31 true 08940797 2015-04-01 2016-03-31 08940797 2016-03-31 08940797 2015-03-31 08940797 uk-gaap-cd-bus:Director1 2015-04-01 2016-03-31 08940797 uk-gaap-cd-bus:Director2 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 iso4217:GBP shares

Registered Number 08940797

REM CORPORATION LTD

Abbreviated Accounts

31 March 2016

REM CORPORATION LTD Registered Number 08940797

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	150	123
		150	123
Current assets
Debtors		71	-
Cash at bank and in hand		82	4,150
		153	4,150
Creditors: amounts falling due within one year		(27,398)	(14,488)
Net current assets (liabilities)		(27,245)	(10,338)
Total assets less current liabilities		(27,095)	(10,215)
Total net assets (liabilities)		(27,095)	(10,215)
Capital and reserves
Called up share capital	3	10	10
Profit and loss account		(27,105)	(10,225)
Shareholders' funds		(27,095)	(10,215)

For the year ending 31 March 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 directors acknowledge their 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 Board on 25 November 2016

And signed on their behalf by:
Mr E Mancini, Director

REM CORPORATION LTD Registered Number 08940797

Notes to the Abbreviated Accounts for the period ended 31 March 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

The accounts have been prepared on a going concern basis. As at the balance sheet date 31 March 201 6 , the company had net liabilities over assets of £27,095 (2015: £ 10,215) . The director and shareholders have confirmed that they will continue to support the company for the foreseeable future and will not withdraw funds or seek repayment of their debts to the detriment of the company or its creditors.

Turnover policy
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible assets depreciation policy
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:
Plant and machinery 33% straight line method

2Tangible fixed assets

	£
Cost
At 1 April 2015	185
Additions	133
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	318
Depreciation
At 1 April 2015	62
Charge for the year	106
On disposals	-
At 31 March 2016	168
Net book values
At 31 March 2016	150
At 31 March 2015	123

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
10 Ordinary shares of £1 each	10	10