RFT Computers Ltd - Accounts to registrar

REGISTERED NUMBER: SC181433 (Scotland)

Unaudited Financial Statements for the Year Ended 31 December 2016

for

RFT Computers Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

S R McCormick

SECRETARY:

C J McCormick

REGISTERED OFFICE:

145 St Vincent Street

Glasgow

G2 5JF

REGISTERED NUMBER:

SC181433 (Scotland)

ACCOUNTANTS:

McLay, McAlister & McGibbon LLP

Chartered Accountants

145 St Vincent Street

Glasgow

G2 5JF

FIXED ASSETS

Tangible assets

3

975

Investments

4

50,000

50,975

CURRENT ASSETS

Debtors

5

213,397

CREDITORS

Amounts falling due within one year

6

107,035

NET CURRENT ASSETS

106,362

TOTAL ASSETS LESS CURRENT
LIABILITIES

157,337

PROVISIONS FOR LIABILITIES

33

NET ASSETS

157,304

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

157,204

SHAREHOLDERS' FUNDS

157,304

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 29 August 2017 and were signed by:

S R McCormick - Director

1.	STATUTORY INFORMATION

RFT Computers Ltd is a private company, limited by shares , registered in Scotland. The company's registered

number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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 etc

-

20% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

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

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Investments

Fixed asset investments are stated at cost less provision for any permanent diminution in value.

3.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2016

and 31 December 2016

4,077

DEPRECIATION

At 1 January 2016

and 31 December 2016

3,102

NET BOOK VALUE

At 31 December 2016

975

At 31 December 2015

975

4.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 January 2016

and 31 December 2016

50,000

NET BOOK VALUE

At 31 December 2016

50,000

At 31 December 2015

50,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

Trade debtors

2,022

Other debtors

211,375

213,397

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

Trade creditors

2,260

Taxation and social security

1,257

Other creditors

103,518

107,035

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the year end the company owed the director, S McCormick, £102,368 (2015 : £102,368).

8.	RELATED PARTY DISCLOSURES

At the year end the company was due £211,311 (2015 : £211,311) from Tigh-Mor Property Services Limited, a

company controlled by Mr S McCormick.

9.	ULTIMATE CONTROLLING PARTY

The company is controlled by S. McCormick, director, who is interested in 100% of the issued share capital of

the company.

RFT Computers Ltd - Accounts to registrar - small 17.2

RFT Computers Ltd - Accounts to registrar - small 17.2