Abbreviated Company Accounts - RED 55 LIMITED

SC316505 RED 55 LIMITED 2016-03-31 false 2015-04-01 2016-03-31 true SC316505 2015-04-01 2016-03-31 SC316505 2016-03-31 SC316505 2015-03-31 SC316505 uk-gaap-cd-bus:Director1 2015-04-01 2016-03-31 SC316505 uk-gaap-cd-bus:Director2 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 iso4217:GBP shares

Registered Number SC316505

RED 55 LIMITED

Abbreviated Accounts

31 March 2016

RED 55 LIMITED Registered Number SC316505

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	11,882	13,458
		11,882	13,458
Current assets
Stocks		4,081	5,309
Debtors		6,676	16,597
Cash at bank and in hand		74,026	43,308
		84,783	65,214
Creditors: amounts falling due within one year		(14,873)	(11,714)
Net current assets (liabilities)		69,910	53,500
Total assets less current liabilities		81,792	66,958
Total net assets (liabilities)		81,792	66,958
Capital and reserves
Called up share capital	3	1	1
Profit and loss account		81,791	66,957
Shareholders' funds		81,792	66,958

For the year ending 31 March 2016 the company was entitled to exemption 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 directors acknowledge their 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.

Approved by the Board on 23 December 2016

And signed on their behalf by:
Christina Romann, Director

RED 55 LIMITED Registered Number SC316505

Notes to the Abbreviated Accounts for the period ended 31 March 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts are prepared under the historical cost convention and comply with financial reporting standards of the Accounting Standards Board

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows: fixtures, fittings and equipment - 20% straight line

Other accounting policies
Stock - stock is valued at the lower of cost and net realisable value.
Foreign currencies - monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange prevailing at the accounting date. Transactions in foreign currencies are recorded at the date of the transactions. All differences are taken to the Profit and Loss account

2Tangible fixed assets

	£
Cost
At 1 April 2015	28,439
Additions	1,743
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	30,182
Depreciation
At 1 April 2015	14,981
Charge for the year	3,319
On disposals	-
At 31 March 2016	18,300
Net book values
At 31 March 2016	11,882
At 31 March 2015	13,458

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
1 Ordinary shares of £1 each	1	1