Abbreviated Company Accounts - ROLSA LTD

Registered Number 08078944

ROLSA LTD

Abbreviated Accounts

31 July 2016

ROLSA LTD Registered Number 08078944

Abbreviated Balance Sheet as at 31 July 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	156	184
		156	184
Current assets
Debtors		2,422	374
Cash at bank and in hand		14,907	15,588
		17,329	15,962
Creditors: amounts falling due within one year		(17,403)	(16,072)
Net current assets (liabilities)		(74)	(110)
Total assets less current liabilities		82	74
Total net assets (liabilities)		82	74
Capital and reserves
Called up share capital		6	2
Profit and loss account		76	72
Shareholders' funds		82	74

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 5 April 2017

And signed on their behalf by:
R A Berkin, Director

ROLSA LTD Registered Number 08078944

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

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements have been prepared under the historical cost convention and in
accordance with applicable accounting standards.

Turnover policy
Turnover represents net invoiced sales, excluding discounts allowed, and value
added tax.

Tangible assets depreciation policy
Depreciation of fixed assets is charged at rates calculated to write off the cost less
estimated residual value of each asset over their expected useful lives which are
as follows: Equipment 6 years

2Tangible fixed assets

	£
Cost
At 1 August 2015	299
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 July 2016	299
Depreciation
At 1 August 2015	115
Charge for the year	28
On disposals	-
At 31 July 2016	143
Net book values
At 31 July 2016	156
At 31 July 2015	184