Real Time Information Systems Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 03822888

Abbreviated Accounts for the Year Ended 31 October 2016

for

Real Time Information Systems Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

J A Schirn

G T Nicholson

SECRETARY:

J A Schirn

REGISTERED OFFICE:

4 Reading Road

Pangbourne

Reading

Berkshire

RG8 7LY

REGISTERED NUMBER:

03822888

ACCOUNTANTS:

Geoffrey Cole & Co

Chartered Accountants

4 Reading Road

Pangbourne

Reading

Berkshire

RG8 7LY

FIXED ASSETS

Tangible assets

2

1,851

3,103

CURRENT ASSETS

Debtors

140,018

145,570

Cash at bank

1,324

5,530

141,342

151,100

CREDITORS

Amounts falling due within one year

103,355

111,451

NET CURRENT ASSETS

37,987

39,649

TOTAL ASSETS LESS CURRENT
LIABILITIES

39,838

42,752

CAPITAL AND RESERVES

Called up share capital

3

2

Profit and loss account

39,836

42,750

SHAREHOLDERS' FUNDS

39,838

42,752

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 25 July 2017 and were signed on its
behalf by:

J A Schirn - 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, except in respect of

service contracts where turnover is recognised when the company obtains the right to consideration.

Tangible fixed assets

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

Fixtures and fittings

-

33% on reducing balance

Computer equipment

-

33% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

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.

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 November 2015

37,828

Additions

1,039

At 31 October 2016

38,867

DEPRECIATION

At 1 November 2015

34,725

Charge for year

2,291

At 31 October 2016

37,016

NET BOOK VALUE

At 31 October 2016

1,851

At 31 October 2015

3,103

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

1

A Ordinary

£1

1

B Ordinary

£1

1

2