Returnjet Limited - Period Ending 2016-03-31

Registration number: 08226519

Returnjet Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2016
 

Returnjet Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Returnjet Limited
(Registration number: 08226519)
Abbreviated Balance Sheet
at 31 March 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets		2			8,024			9,019
Current assets
Debtors					8,920			6,192
Cash at bank and in hand					5,751			12,985
					14,671			19,177
Creditors: Amounts falling due within one year					(748,581)			(415,176)
Net current liabilities					(733,910)			(395,999)
Net liabilities					(725,886)			(386,980)
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					(725,986)			(387,080)
Shareholders' deficit					(725,886)			(386,980)

For the 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.

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 within Part 15 of the Companies Act 2006.

Approved by the director and authorised for issue on 22 December 2016

M Blanchfield
Director

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Returnjet Limited
Notes to the Abbreviated Accounts
for the Year Ended 31 March 2016

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).

Going concern

The company is dependent on the support of the director who has expressed his willingness to continue to provide this support for the foreseeable future. On this basis, the financial statements have been prepared on a going concern basis.

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Tangible fixed assets and 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
Computer equipment	25% striaght line

Foreign currency

Transactions in foreign currencies are recorded at the exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the closing rates at the balance sheet date. All exchange differences are included in the profit and loss account.

Leasing

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

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Returnjet Limited
Notes to the Abbreviated Accounts
for the Year Ended 31 March 2016

2	Fixed assets

		Tangible assets £
Cost
At 1 April 2015		10,091
Additions		2,038
At 31 March 2016		12,129
Depreciation
At 1 April 2015		1,072
Charge for the year		3,033
At 31 March 2016		4,105
Net book value
At 31 March 2016		8,024
At 31 March 2015		9,019

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary shares of £1 each		100			100			100			100

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