Abbreviated Company Accounts - RAY SHULMAN LIMITED

Abbreviated Company Accounts - RAY SHULMAN LIMITED

RAY SHULMAN LIMITED - Company Information

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Registered Number 04777157

RAY SHULMAN LIMITED

Abbreviated Accounts

31 July 2016

RAY SHULMAN LIMITED Registered Number 04777157

Abbreviated Balance Sheet as at 31 July 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 1,142 1,522
1,142 1,522
Current assets
Cash at bank and in hand 67,108 44,866
67,108 44,866
Creditors: amounts falling due within one year (67,998) (46,238)
Net current assets (liabilities) (890) (1,372)
Total assets less current liabilities 252 150
Total net assets (liabilities) 252 150
Capital and reserves
Called up share capital 100 100
Profit and loss account 152 50
Shareholders' funds 252 150
  • For the year ending 31 July 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 27 March 2017

And signed on their behalf by:
RAY SHULMAN, Director

RAY SHULMAN LIMITED Registered Number 04777157

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

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 amounts receivable for goods and services net of VAT and trade discounts.

Tangible assets depreciation policy
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:
Fixtures, Fillings &equipment 25% reducing balance.

2Tangible fixed assets
£
Cost
At 1 August 2015 11,660
Additions -
Disposals -
Revaluations -
Transfers -
At 31 July 2016 11,660
Depreciation
At 1 August 2015 10,138
Charge for the year 380
On disposals -
At 31 July 2016 10,518
Net book values
At 31 July 2016 1,142
At 31 July 2015 1,522