Race Marketing Associates Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 02535829

Abbreviated Unaudited Accounts for the Year Ended 30 November 2016

for

Race Marketing Associates Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

G Clarke

SECRETARY:

V Clarke

REGISTERED OFFICE:

21 Imperial Place

Shoppenhangers Road

Maidenhead

Berkshire

SL6 2GN

REGISTERED NUMBER:

02535829

ACCOUNTANTS:

P R Hibbins

16 Romsey Close

Langley

Slough

Berkshire

SL3 8PE

FIXED ASSETS

Tangible assets

2

281,939

285,902

CURRENT ASSETS

Debtors

12,284

25,635

Cash at bank

114,542

30,998

126,826

56,633

CREDITORS

Amounts falling due within one year

141,181

116,640

NET CURRENT LIABILITIES

(14,355

)

(60,007

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

267,584

225,895

CREDITORS

Amounts falling due after more than one
year

160,000

NET ASSETS

107,584

65,895

CAPITAL AND RESERVES

Called up share capital

3

1,000

Profit and loss account

106,584

64,895

SHAREHOLDERS' FUNDS

107,584

65,895

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 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 director on 31 August 2017 and were signed by:

G Clarke - 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.

Tangible fixed assets

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

Improvements to property

-

Over the term of the lease

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% 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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2015

401,986

Additions

1,637

At 30 November 2016

403,623

DEPRECIATION

At 1 December 2015

116,084

Charge for year

5,600

At 30 November 2016

121,684

NET BOOK VALUE

At 30 November 2016

281,939

At 30 November 2015

285,902

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.16

30.11.15

value:

£

1,000

Ordinary

£1

1,000