RAMOND_LTD - Accounts

RAMOND LIMITED - Company Information

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Company Registration No. 05119287 (England and Wales)

RAMOND LTD

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2016

RAMOND LTD

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

RAMOND LTD

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2016

- 1 -

2016

2015

Notes

Fixed assets

Intangible assets

135,000

150,000

Tangible assets

503,103

506,142

638,103

656,142

Current assets

Stocks

550

Debtors

401,749

397,952

Cash at bank and in hand

125,477

90,854

527,776

489,356

Creditors: amounts falling due within one year

(75,427)

(86,436)

Net current assets

452,349

402,920

Total assets less current liabilities

1,090,452

1,059,062

Creditors: amounts falling due after more than one year

(637,476)

(672,304)

452,976

386,758

Capital and reserves

Called up share capital

100

Profit and loss account

452,876

386,658

Shareholders' funds

452,976

386,758

RAMOND LTD

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 MARCH 2016

- 2 -

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.

Directors' 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 directors acknowledge 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 have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 29 November 2016

Mr I Degun

Director

Company Registration No. 05119287

RAMOND LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

- 3 -

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).

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

Goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

1.5

Tangible fixed assets and depreciation

Tangible fixed assets other than freehold land 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:

Land and buildings Freehold

Not provided

Plant and machinery

15% on cost

Computer equipment

Fixtures, fittings & equipment

15% on cost

Motor vehicles

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 April 2015 & at 31 March 2016

300,000

677,373

977,373

Depreciation

At 1 April 2015

150,000

171,231

321,231

Charge for the year

15,000

3,039

18,039

At 31 March 2016

165,000

174,270

339,270

Net book value

At 31 March 2016

135,000

503,103

638,103

At 31 March 2015

150,000

506,142

656,142

RAMOND LTD

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2016

- 4 -

Creditors: amounts falling due after more than one year

2016

2015

Analysis of loans repayable in more than five years

Total not repayable by instalments and due in more than five years

692,903

Share capital

2016

2015

Allotted, called up and fully paid

100 Ordinary of £1 each

100

Ultimate parent company

The ultimate controlling party are the directors of the company and their family who own 100% of the issued share capital.