Real Time Graphics Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 01817327 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 August 2016

for

Real Time Graphics Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

R L Taylor

Mrs J M Taylor

SECRETARY:

Mrs J M Taylor

REGISTERED OFFICE:

66 Stafford Street

Market Drayton

Shropshire

TF9 1JB

REGISTERED NUMBER:

01817327 (England and Wales)

FIXED ASSETS

Tangible assets

2

188,369

201,428

CURRENT ASSETS

Debtors

3,510

1,498

CREDITORS

Amounts falling due within one year

36,092

61,470

NET CURRENT LIABILITIES

(32,582

)

(59,972

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

155,787

141,456

CREDITORS

Amounts falling due after more than
one year

60,000

15,664

NET ASSETS

95,787

125,792

CAPITAL AND RESERVES

Called up share capital

3

2

Profit and loss account

95,785

125,790

SHAREHOLDERS' FUNDS

95,787

125,792

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 24 May 2017 and were signed on its
behalf by:

R L Taylor - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared on the assumption that the company is able to carry

on business as a going concern, which the directors consider appropriate having regard to the

company's current and expected performance.

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 services, excluding value added tax.

Turnover is stated net of VAT and trade discounts.

Tangible fixed assets

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

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

10% on reducing balance

Motor vehicles

-

25% on reducing balance

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.

Those held under hire purchase contracts are depreciated over their estimated useful lives. Those

held under finance leases are depreciated over their estimated useful lives or the lease term,

whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant

period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to the profit and loss account in the period to which they

relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2015

259,895

Disposals

(36,596

)

At 31 August 2016

223,299

DEPRECIATION

At 1 September 2015

58,467

Charge for year

4,548

Eliminated on disposal

(28,085

)

At 31 August 2016

34,930

NET BOOK VALUE

At 31 August 2016

188,369

At 31 August 2015

201,428

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

2

Ordinary

£1

2