Red Miracle (Shrewsbury) Limited - Abbreviated accounts 16.1

Red Miracle (Shrewsbury) Limited - Abbreviated accounts 16.1

RED MIRACLE (SHREWSBURY) LIMITED - Company Information

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REGISTERED NUMBER: 06283081 (England and Wales)











ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

FOR

RED MIRACLE (SHREWSBURY) LIMITED

RED MIRACLE (SHREWSBURY) LIMITED (REGISTERED NUMBER: 06283081)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

RED MIRACLE (SHREWSBURY) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2016







DIRECTORS: A Salariya
Mrs B Salariya





SECRETARY: Mrs B Salariya





REGISTERED OFFICE: 38A High Street
Northwood
Middlesex
HA6 1BN





REGISTERED NUMBER: 06283081 (England and Wales)





ACCOUNTANTS: Sage & Co
Chartered Accountants
38A High Street
Northwood
Middlesex
HA6 1BN
Page 1
RED MIRACLE (SHREWSBURY) LIMITED (REGISTERED NUMBER: 06283081)

ABBREVIATED BALANCE SHEET
31 MARCH 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 63,905 79,206

CURRENT ASSETS
Stocks 3,799 5,084
Debtors 182,297 138,897
Cash at bank and in hand 98,258 86,444
284,354 230,425
CREDITORS
Amounts falling due within one year 3 171,101 156,109
NET CURRENT ASSETS 113,253 74,316
TOTAL ASSETS LESS CURRENT
LIABILITIES
177,158
153,522

CREDITORS
Amounts falling due after more than
one year
3
(32,292
)
(47,881
)

PROVISIONS FOR LIABILITIES (6,000 ) (6,000 )
NET ASSETS 138,866 99,641

CAPITAL AND RESERVES
Called up share capital 4 100 100
Profit and loss account 138,766 99,541
SHAREHOLDERS' FUNDS 138,866 99,641

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387
of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the
company as at the end of each financial year and of its profit or loss for each financial year in
accordance with the requirements of Sections 394 and 395 and which otherwise comply with
the requirements of the Companies Act 2006 relating to financial statements, so far as applicable
to the company.

The notes form part of these abbreviated accounts

Page 2 continued...
RED MIRACLE (SHREWSBURY) LIMITED (REGISTERED NUMBER: 06283081)

ABBREVIATED BALANCE SHEET - continued
31 MARCH 2016


The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the Board of Directors on 21 December 2016 and were
signed on its behalf by:





A Salariya - Director


The notes form part of these abbreviated accounts

Page 3
RED MIRACLE (SHREWSBURY) LIMITED (REGISTERED NUMBER: 06283081)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016


1. ACCOUNTING POLICIES

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

Turnover
Turnover represents amounts receivable for goods and services provided in the UK, stated net
of value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold - 10% on cost
Fixtures and fittings - 15% on reducing balance
Computer equipment - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for
obsolete and slow moving items.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation
computations in periods different from those in which they are included in the company's
financial statements. Deferred tax is provided in full on timing differences which result in an
obligation to pay more (or less) tax at a future date, at the average tax rates that are expected
to apply when the timing differences reverse, based on current tax rates and laws.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line
basis over the period of the lease.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2015 223,737
Additions 4,938
At 31 March 2016 228,675
DEPRECIATION
At 1 April 2015 144,531
Charge for year 20,239
At 31 March 2016 164,770
NET BOOK VALUE
At 31 March 2016 63,905
At 31 March 2015 79,206

Page 4 continued...
RED MIRACLE (SHREWSBURY) LIMITED (REGISTERED NUMBER: 06283081)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 MARCH 2016


3. CREDITORS

Creditors include an amount of £ 47,840 (2015 - £ 63,000 ) for which security has been given.

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
100 Ordinary £1 100 100

Page 5