Red Business Systems Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 05573495 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 June 2016

for

Red Business Systems Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

N Evans

P Stephens

REGISTERED OFFICE:

3 Court Mews

268 London Road

Charlton Kings

Cheltenham

Gloucestershire

GL52 6HS

REGISTERED NUMBER:

05573495 (England and Wales)

ACCOUNTANTS:

j & i limited

Accounting and Taxation Services

29 Kingsclere Drive

Bishops Cleeve

Cheltenham

Gloucestershire

GL52 8TG

FIXED ASSETS

Tangible assets

2

3,136

4,924

CURRENT ASSETS

Stocks

3,620

285

Debtors

51,315

77,088

Cash at bank

7,268

4,012

62,203

81,385

CREDITORS

Amounts falling due within one year

65,196

47,963

NET CURRENT (LIABILITIES)/ASSETS

(2,993

)

33,422

TOTAL ASSETS LESS CURRENT LIABILITIES

143

38,346

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

141

38,344

SHAREHOLDERS' FUNDS

143

38,346

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 4 May 2017 and were signed on its behalf by:

P Stephens - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2015

13,276

Additions

2,018

At 30 June 2016

15,294

DEPRECIATION

At 1 July 2015

8,352

Charge for year

3,806

At 30 June 2016

12,158

NET BOOK VALUE

At 30 June 2016

3,136

At 30 June 2015

4,924

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.16

30.6.15

value:

£

£

2

Ordinary

£1

2

2