Resources for Change Limited,Ltd - Accounts

Resources for Change Limited,Ltd - Accounts

RESOURCES FOR CHANGE LIMITED - Company Information

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2015-08-01 true false Private Limited Company 07310220 2016-07-31 07310220 2015-08-01 2016-07-31 07310220 2015-07-31 07310220 2014-08-01 2015-07-31 07310220 uk-bus:Director1 2015-08-01 2016-07-31 07310220 uk-gaap:ComputerEquipment 2015-08-01 2016-07-31 07310220 uk-bus:OrdinaryShareClass1 2016-07-31 07310220 uk-bus:OrdinaryShareClass2 2016-07-31 iso4217:GBP
Resources for Change Limited
For the year ended 31 July 2016
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 07310220
2
Contents Page
Resources for Change Limited
For the year ended 31 July 2016
1
Accountants' Report
2
Balance Sheet
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Notes to the Abbreviated Financial Statements
3
Resources for Change Limited
Accountants' Report
For the year ended 31 July 2016
As described in the balance sheet you are responsible for the preparation of the financial statements for the year
ended 31 July 2016 and you consider that the company is exempt from an audit under the Companies Act 2006. In
accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to
fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.
Kirkwood Associates
Birwood
Berriew
Welshpool
Powys
SY21 8PG
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4
Abbreviated Balance Sheet
Resources for Change Limited
As at 31 July 2016
07310220
Registered Number :
£
£
2016
Notes
2015
Fixed assets
Tangible assets
2
2,467
3,337
2,467
3,337
Current assets
Debtors
73,714
58,518
Cash at bank and in hand
48,555
54,994
107,073
128,708
Creditors: amounts falling due within one year
(48,163)
(35,197)
80,545
71,876
Net current assets
Total assets less current liabilities
74,343
83,882
(493)
(668)
Provisions for liabilities
73,850
Net assets
83,214
Capital and reserves
Called up share capital
67
3
67
Profit and loss account
73,783
83,147
73,850
83,214
Shareholders funds
For the 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: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
2) 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.
Date approved by the board: 17 January 2017
Stephen Peter Evison Director
Signed on behalf of the board of directors
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5
Notes to the Abbreviated Financial Statements
Resources for Change Limited
For the year ended 31 July 2016
1 Accounting Policies
Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Turnover
Turnover represents amounts receivable for services. Amounts receivable for services performed over time are based upon the stage of completion of the services performed.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Deferred taxation
Deferred taxation arises when items are charged or credited in accounts in different periods to those in which they are included in the company's tax computations.Deferred tax is provided in full on timing differences that result in an obligation to pay more (or less) tax at a future date. Deferred tax is calculated at the average rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. The resulting deferred tax asset or liability is not discounted.Deferred tax assets are only recognised if it is more likely than not that they will be recovered either against future taxable profits or against the reversal of other deferred tax liabilities.
Dividends
Proposed dividends are only included as liabilities in the financial statements when their payment has been approved
by the shareholders prior to the balance sheet date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery
25% Reducing balance
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6
Notes to the Abbreviated Financial Statements
Resources for Change Limited
For the year ended 31 July 2016
2 Tangible fixed assets
Tangible fixed
assets
Cost or valuation
£
6,937
At 01 August 2015
1,189
Additions
(1,650)
Disposals
At 31 July 2016
6,476
Depreciation
3,600
At 01 August 2015
(413)
Disposals
822
Charge for year
4,009
At 31 July 2016
Net book values
At 31 July 2016
2,467
3,337
At 31 July 2015
3 Share capital
Allotted called up and fully paid
2016
2015
£
£
7 Ordinary shares of £1.00 each
7
7
60 Ordinary B Shares shares of £1.00 each
60
60
67
67
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