Abbreviated Company Accounts - R2 IT LIMITED

Registered Number 06055773

R2 IT LIMITED

Abbreviated Accounts

31 January 2014

R2 IT LIMITED Registered Number 06055773

Abbreviated Balance Sheet as at 31 January 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	1,999	1,712
		1,999	1,712
Current assets
Debtors		9,806	8,840
Cash at bank and in hand		288	85
		10,094	8,925
Creditors: amounts falling due within one year		(12,938)	(14,076)
Net current assets (liabilities)		(2,844)	(5,151)
Total assets less current liabilities		(845)	(3,439)
Total net assets (liabilities)		(845)	(3,439)
Capital and reserves
Called up share capital		150	150
Profit and loss account		(995)	(3,589)
Shareholders' funds		(845)	(3,439)

For the year ending 31 January 2014 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 15 September 2014

And signed on their behalf by:
PAUL ROSCOE, Director

R2 IT LIMITED Registered Number 06055773

Notes to the Abbreviated Accounts for the period ended 31 January 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. Plant and machinery 20% straight line.

2Tangible fixed assets

	£
Cost
At 1 February 2013	6,877
Additions	2,078
Disposals	-
Revaluations	-
Transfers	-
At 31 January 2014	8,955
Depreciation
At 1 February 2013	5,165
Charge for the year	1,791
On disposals	-
At 31 January 2014	6,956
Net book values
At 31 January 2014	1,999
At 31 January 2013	1,712