Company Registration No. 02254852 (England and Wales)
R AND A SOFTWARE (SYSTEMS) LTD
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2016
R AND A SOFTWARE (SYSTEMS) LTD
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 4
R AND A SOFTWARE (SYSTEMS) LTD
ABBREVIATED BALANCE SHEET
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
97,240
108,506
Current assets
Stocks
10,478
8,476
Debtors
296,738
263,461
Cash at bank and in hand
384,848
326,089
692,064
598,026
Creditors: amounts falling due within one year
(466,498)
(521,116)
Net current assets
225,566
76,910
Total assets less current liabilities
322,806
185,416
Provisions for liabilities
(6,582)
(6,745)
316,224
178,671
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
316,124
178,571
Shareholders' funds
316,224
178,671
R AND A SOFTWARE (SYSTEMS) LTD
ABBREVIATED BALANCE SHEET (CONTINUED)
- 2 -
For the financial year ended 31 July 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' 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 directors acknowledge their 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 13 March 2017
R A Dabbs
A Dabbs
Director
Director
Company Registration No. 02254852
R AND A SOFTWARE (SYSTEMS) LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JULY 2016
- 3 -
1
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
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.3
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
33.3% Reducing balance
Fixtures, fittings & office equipment
33.3% Reducing balance
Motor vehicles
25% Reducing balance
2
Fixed assets
Tangible assets
£
Cost
At 1 August 2015
469,597
Additions
21,864
At 31 July 2016
491,461
Depreciation
At 1 August 2015
361,091
Charge for the year
33,130
At 31 July 2016
394,221
Net book value
At 31 July 2016
97,240
At 31 July 2015
108,506
R AND A SOFTWARE (SYSTEMS) LTD
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2016
- 4 -
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
100 Ordinary shares of £1 each
100
100
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