Reflecting Minds Limited - Accounts

REFLECTING MINDS LIMITED - Company Information

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Registered Number : 08708766

REFLECTING MINDS LIMITED

Abbreviated Accounts

Period of accounts

Start date: 01 October 2015

End date: 30 September 2016

Reflecting Minds Limited
Contents Page
For the year ended 30 September 2016

Balance Sheet
Notes to the Financial Statement

Reflecting Minds Limited
Balance Sheet
As at 30 September 2016

	Notes	2016 £	2015 £
Fixed assets
Tangible fixed assets	2	217	583
		217	583
Current assets
Debtors		1,838	2,403
Cash at bank and in hand		690	1,057
		2,528	3,460
Creditors: amount falling due within one year		-	(895)
Net current assets		2,528	2,565
Total assets less current liabilities		2,745	3,148
Net assets		2,745	3,148
Capital and reserves
Called up share capital	3	1	1
Profit and loss account		2,744	3,147
Shareholders funds		2,745	3,148

For the year ended 30 September 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's Responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 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.

Signed on behalf of the board of directors

--------------------------------
Amna Malik
Director

Date approved by the board: 29 June 2017

Reflecting Minds Limited
Notes to the Abbreviated Financial Statements
For the year ended 30 September 2016

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).

Going Concern

The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the director who has undertaken to provide such support for the foreseeable future.

If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Deferred taxation

Deferred tax is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

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:

Computer Equipment

33.33% Straight Line

Tangible fixed assets

Cost or Valuation	Computer Equipment	Total
	£	£
At 01 October 2015	1,100	1,100
Additions	-	-
Disposals	-	-
At 30 September 2016	1,100	1,100
Depreciation
At 01 October 2015	517	517
Charge for year	366	366
On disposals	-	-
At 30 September 2016	883	883
Net book values
At 30 September 2016	217	217
At 30 September 2015	583	583

Share Capital

Authorised
1 Class A shares of £1.00 each

Allotted	2016 £		2015 £
1 Class A shares of £1.00 each	1		1
	1		1

4.	Related Party Disclosures Included in the debtors falling due within one year, is an amount of £1,663 (2015: 1,090) receivable from director Ms Amna Malik.