Redi_94_29_Feb_2016_abbreviated_set_of_accounts.html
Redi_94_29_Feb_2016_abbreviated_set_of_accounts.html
Company registration number:
Abbreviated Balance Sheet
| 2016 | 2015 | ||||
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| Note | £ | £ | |||
| Fixed assets | |||||
| Tangible assets | # |
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| Investments | # | 103,000 | 90,000 | ||
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| Current assets | |||||
| Debtors |
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| Cash at bank and in hand |
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| Creditors: amounts falling due within one year | # |
(
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(
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| Net current assets |
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| Total assets less current liabilities |
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| Creditors: amounts falling due after more than one year | # |
(
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(
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| Net assets |
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| Capital and reserves | |||||
| Called up share capital | # |
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| Revaluation reserve |
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| Profit and loss account |
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| Shareholders funds |
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Director's responsibilities:
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476; The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements were approved by the board of directors and authorised for issue on 28 November 2016 , and are signed on behalf of the board by:
| Director |
Company registration number: 04380939
Notes to the Abbreviated Accounts
Year ended 29 February 2016
Accounting policies
Basis of preparation
Turnover
Current tax
Current tax is recognised in the profit and loss account, except to the extent that it is attributable to a gain or loss that has been recognised directly in the statement of total recognised gains or losses. In this case, tax is recognised in this statement. Current tax is measured at the amounts of tax expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and accumulated impairment losses.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
| Fixtures and fittings | 25% Reducing Balance |
Gains and losses on the revaluation of assets that have been recognised in the statement of total recognised gains and losses are credited, or debited, to a separate revaluation reserve. When amounts are realised, an annual transfer is made from the revaluation reserve to the profit and loss account over the useful economic life of the asset.
Investments
Investments held as fixed assets are initially recorded at cost, and are subsequently stated at cost less any accumulated impairment losses.
The carrying values of investments held as fixed assets are reviewed for impairment in a period if events or changes in circumstances indicate the carrying value may not be recoverable.
Financial instruments
Financial instruments are classified and accounted for according to the substance of contractual arrangements, as either financial assets, financial liabilities or equity instruments.
Operating leases
Leases are classified as operating leases where substantially all the benefits of ownerships remain with the lessor. Rentals payable under operating leases are charged to the profit and loss account on a straight-line basis over the lease term.
Tangible assets
| £ | ||
|---|---|---|
| Cost | ||
| At |
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| Additions |
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| At |
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| Depreciation | ||
| At |
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| Charge |
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| At |
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| Net book value | ||
| At |
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| At 28 February 2015 |
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Investments
| £ | ||
|---|---|---|
| Cost | ||
| At |
90,000 | |
| Additions | 13,000 | |
| At |
103,000 | |
| Provision for diminution in value | ||
| At |
- | |
| At |
- | |
| Net book value | ||
| At |
103,000 | |
| At 28 February 2015 | 90,000 | |
Creditors: amounts falling due within one year
The aggregate amount of creditors for which security has been given amounted to £130,485 (2015 - £169,768).
Creditors: amounts falling due after more than one year
The aggregate amount of creditors for which security has been given amounted to £3,540,876 (2015 - £3,423,397).