Reactle Ltd Accounts iXBRL
Reactle Ltd Accounts iXBRL
Registered number: |
Abbreviated accounts |
for the year ended |
Contents
Reactle Ltd
Abbreviated balance sheet
as at
2016 | 2015 | ||||
Notes | £ | £ | £ | £ | |
Fixed Assets | |||||
Tangible assets | |||||
Current Asset | |||||
Cash at bank and in hand | |||||
Debtors | |||||
Creditors: amounts falling due within one year | 7 | ( |
( |
||
Net current assets | |||||
Total assets less current liabilities | 39,135 | 57,025 | |||
Net assets | |||||
Capital and reserves | |||||
Share Capital | |||||
Profit and loss account | |||||
Shareholders' funds |
The directors' statements required by Sections 475(2) and (3) are shown on the following page which forms part of this Balance Sheet.
Reactle Ltd
Registered number: 08636746
Abbreviated balance sheet (continued)
Directors' statements required by Sections 475(2) and (3)
for the year ended 31 August 2016
In approving these abbreviated accounts as directors of the company we hereby confirm:
(a) |
that for the year |
|
(b) | that no notice has been deposited at the registered office of the company pursuant to Section 476 requesting that an audit be conducted for the year ended 31 August 2016 ; and | |
(c) | that we acknowledge our responsibilities for: | |
(1) | ensuring that the company keeps accounting records which comply with Section 386 ; and | |
(2) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit or loss for the year then ended in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the provisions of the Companies Act relating to financial statements, so far as applicable to the company. |
These abbreviated
The abbreviated accounts were approved by the Board on
Andrew Moore
Director
Reactle Ltd
Notes to the abbreviated financial statements
for the year ended 31 August 2016
1 | Accounting policies | |
1.1 |
Basis of preparation The financial statements have been prepared under the historical cost convention, modified to include the revaluation of certain fixed assets, and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). |
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1.2 |
Turnover |
|
1.3 |
Tangible fixed assets and depreciation Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
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Motor vehicles | ||
Equipment, fixtures and fittings | ||
1.4 |
Stocks Stock is valued at the lower of cost and net realisable value. |
4 | Tangible fixed assets | |||||
Plant and machinery etc | Motor vehicles | Total | ||||
£ | £ | £ | ||||
Cost | ||||||
At 1 September 2015 | - | 3,413 | ||||
Additions | - | 3,089 | ||||
At 31 August 2016 | - | 6,502 | ||||
Depreciation | ||||||
At 1 September 2015 | - | 651 | ||||
Charge for the year | - | 1,349 | ||||
At 31 August 2016 | - | 2,000 | ||||
Net book value | ||||||
At 31 August 2016 | - | 4,502 | ||||
At 31 August 2015 | 2,762 | - | 2,762 |
8 | Share capital | 2016 | 2015 | 2016 | 2015 | |||
No | No | £ | £ | |||||
Allotted, called up and fully paid: | ||||||||
11 | Controlling interest |
|
12 | Transactions with directors | ||||||
Advances to directors | |||||||
The following directors had interest free loans during the year. The movements on these loans are as follows: | |||||||
Amount owing at end of | |||||||
2016 | 2015 | Max in year | |||||
£ | £ | £ | |||||
Director's loan account for Emma Moore | 455 | 0 | 455 |
13 | Going concern |
The directors have reviewed the twelve months ahead and have considered the company's financial position and note no material uncertainties that may cast significant doubt about the ability of it to continue as a going concern. |