Abbreviated Company Accounts - RMC CARDS LIMITED

Registered Number 07547392

RMC CARDS LIMITED

Abbreviated Accounts

31 March 2014

RMC CARDS LIMITED Registered Number 07547392

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014	2013
		£	£
Fixed assets
Intangible assets	2	28,000	32,000
Tangible assets	3	4,175	4,265
		32,175	36,265
Current assets
Stocks		11,075	15,712
Debtors		3,240	3,173
Cash at bank and in hand		1,630	3,085
		15,945	21,970
Creditors: amounts falling due within one year		(20,278)	(26,854)
Net current assets (liabilities)		(4,333)	(4,884)
Total assets less current liabilities		27,842	31,381
Creditors: amounts falling due after more than one year		(25,479)	(28,754)
Provisions for liabilities		(835)	(853)
Total net assets (liabilities)		1,528	1,774
Capital and reserves
Called up share capital		100	100
Profit and loss account		1,428	1,674
Shareholders' funds		1,528	1,774

For the year ending 31 March 2014 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 November 2014

And signed on their behalf by:
R M CRANN, Director

RMC CARDS LIMITED Registered Number 07547392

Notes to the Abbreviated Accounts for the period ended 31 March 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements 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 comprises revenue recognised by the company in respect of goods and services supplied, exclusive of Value Added Tax.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Fixtures & Fittings - 15% reducing balance
Equipment - 33% straight line

Intangible assets amortisation policy
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Goodwill - over 10 years

2Intangible fixed assets

	£
Cost
At 1 April 2013	40,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	40,000
Amortisation
At 1 April 2013	8,000
Charge for the year	4,000
On disposals	-
At 31 March 2014	12,000
Net book values
At 31 March 2014	28,000
At 31 March 2013	32,000

3Tangible fixed assets

	£
Cost
At 1 April 2013	6,145
Additions	1,083
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	7,228
Depreciation
At 1 April 2013	1,880
Charge for the year	1,173
On disposals	-
At 31 March 2014	3,053
Net book values
At 31 March 2014	4,175
At 31 March 2013	4,265