REAL_SUCCESS_LTD. - Accounts

REAL SUCCESS LTD. - Company Information

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Company Registration No. 06814389 (England and Wales)

REAL SUCCESS LTD.

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2016

REAL SUCCESS LTD.

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

REAL SUCCESS LTD.

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

288

577

Current assets

Debtors

4,060

13,513

Cash at bank and in hand

907

4,967

13,588

Creditors: amounts falling due within one year

(4,758)

(18,310)

Net current assets/(liabilities)

209

(4,722)

Total assets less current liabilities

497

(4,145)

Capital and reserves

Called up share capital

Profit and loss account

496

(4,146)

Shareholders' funds

497

(4,145)

For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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 his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 24 November 2016

P D Harris

Director

Company Registration No. 06814389

REAL SUCCESS LTD.

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

The accounts have been produced on the going concern basis due to the continued support of the director.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

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

1.4

Franchise fee

The franchise fee has been fully amortised.

1.5

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:

Fixtures, fittings & equipment

25% straight line

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 April 2015 & at 31 March 2016

15,000

1,155

16,155

Depreciation

At 1 April 2015

15,000

578

15,578

Charge for the year

289

At 31 March 2016

15,000

867

15,867

Net book value

At 31 March 2016

288

At 31 March 2015

577

REAL SUCCESS LTD.

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2016

- 3 -

Share capital

2016

2015

Allotted, called up and fully paid

1 Ordinary shares of £1 each

Related party relationships and transactions

Loans to directors

Included in other debtors is £13,393 owed by the director, interest is charged at 4%. There is no fixed term of repayment.