RISSEMERE_LIMITED - Accounts

RISSEMERE LIMITED - Company Information

Print Friendly Version

Company Registration No. 08081133 (England and Wales)

RISSEMERE LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2016

RISSEMERE LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

RISSEMERE LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MAY 2016

- 1 -

2016

2015

Notes

Fixed assets

Intangible assets

Tangible assets

1,343

1,344

Current assets

Debtors

2,645

10,578

Cash at bank and in hand

26,051

11,285

28,696

21,863

Creditors: amounts falling due within one year

(24,972)

(20,988)

Net current assets

3,724

875

Total assets less current liabilities

5,068

876

Capital and reserves

Called up share capital

100

Profit and loss account

4,968

776

Shareholders' funds

5,068

876

For the financial year ended 31 May 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 31 January 2017

Mr O R Everett

Director

Company Registration No. 08081133

RISSEMERE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MAY 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).

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 gross of VAT and trade discounts as the company is on a Flat Rate Scheme for VAT. A separate line is included within the profit and loss for the VAT payments.

1.4

Trademark

Trademarks are valued at cost less accumulated amortisation. Amortisation is calculated to write off the cost in equal annual instalments over their estimated useful lives.

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:

Computer equipment

33% straight line

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 June 2015

Additions

2,014

At 31 May 2016

2,014

2,015

Depreciation

At 1 June 2015

Charge for the year

671

At 31 May 2016

671

Net book value

At 31 May 2016

1,343

1,344

At 31 May 2015

RISSEMERE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MAY 2016

- 3 -

Share capital

2016

2015

Allotted, called up and fully paid

100 Ordinary of £1 each

100

Related party relationships and transactions

Advances and credits granted to the directors during the year are outlined in the table below:

% Rate

Opening Balance

Amounts Advanced

Interest Charged

Amounts Repaid

Closing Balance

Mr O R Everett

3.00

10,578

58,888

224

69,874

(184)

10,578

58,888

224

69,874

(184)