Abbreviated Company Accounts - RACETREND LIMITED

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02345212 RACETREND LIMITED 2016-09-30 false 2015-10-01 2016-09-30 true 02345212 2015-10-01 2016-09-30 02345212 2016-09-30 02345212 2015-09-30 02345212 uk-gaap-cd-bus:Director1 2015-10-01 2016-09-30 02345212 uk-gaap-cd-bus:Director2 2015-10-01 2016-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-10-01 2016-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2016-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-09-30 iso4217:GBP shares

Registered Number 02345212

RACETREND LIMITED

Abbreviated Accounts

30 September 2016

RACETREND LIMITED Registered Number 02345212

Abbreviated Balance Sheet as at 30 September 2016

	Notes	2016	2015
		£	£
Called up share capital not paid		-	-
Fixed assets
Tangible assets	2	293,480	327,412
		293,480	327,412
Current assets
Stocks		3,700	4,250
Debtors	3	79,278	98,990
Cash at bank and in hand		426,883	319,250
		509,861	422,490
Creditors: amounts falling due within one year	4	(203,691)	(114,704)
Net current assets (liabilities)		306,170	307,786
Total assets less current liabilities		599,650	635,198
Total net assets (liabilities)		599,650	635,198
Capital and reserves
Called up share capital	5	100	100
Profit and loss account		599,550	635,098
Shareholders' funds		599,650	635,198

For the year ending 30 September 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act 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.

Approved by the Board on 4 September 2017

And signed on their behalf by:
Mr Ian Paul Seeley, Director

RACETREND LIMITED Registered Number 02345212

Notes to the Abbreviated Accounts for the period ended 30 September 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements are prepared under the historical cost convention and incorporate the results of the principal activities of the company which are described in the Director's report and which are continuing. The accounts have been prepared on the going concern basis. The accounts have been prepared in £.Sterling.

Turnover policy
Turnover comprises the invoiced value of goods and services supplied, net of Value Added Tax, inclusive of any disbursements and less any trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less accumulated depreciation. 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:- Motor Vehicles - 20% Reducing Balance Basis Fixtures, Fittings & Plant Equipment - 25% Reducing Balance Basis Office Equipment - 25% Reducing Balance Basis Computer Equipment - 3 Years Straight Line Basis

2Tangible fixed assets

	£
Cost
At 1 October 2015	534,757
Additions	23,250
Disposals	-
Revaluations	-
Transfers	-
At 30 September 2016	558,007
Depreciation
At 1 October 2015	207,345
Charge for the year	57,182
On disposals	-
At 30 September 2016	264,527
Net book values
At 30 September 2016	293,480
At 30 September 2015	327,412

3Debtors

	2016 £	2015 £
Debtors include the following amounts due after more than one year	79,278	98,990

4Creditors

	2016 £	2015 £
Secured Debts	203,691	114,704

5Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
100 Ordinary shares of £1 each	100	100