Micro-entity Accounts - REFLEC SIGNS AND GRAPHICS LIMITED

REFLEC SIGNS AND GRAPHICS LIMITED - Company Information

04621255 REFLEC SIGNS AND GRAPHICS LIMITED 2017-03-31 false 2016-04-01 2017-03-31 true 04621255 2016-04-01 2017-03-31 04621255 2017-03-31 04621255 2016-03-31 04621255 uk-gaap-cd-bus:Director1 2016-04-01 2017-03-31 04621255 uk-gaap-cd-bus:Director2 2016-04-01 2017-03-31 04621255 uk-gaap-cd-bus:AllEntityOfficers 2016-04-01 2017-03-31 iso4217:GBP shares

Registered Number 04621255

REFLEC SIGNS AND GRAPHICS LIMITED

Micro-entity Accounts

31 March 2017

REFLEC SIGNS AND GRAPHICS LIMITED Registered Number 04621255

Micro-entity Balance Sheet as at 31 March 2017

	Notes	2017	2016
		£	£
Fixed assets
Tangible assets	1	151,977	9,917
		151,977	9,917
Current assets
Stocks		14,500	13,000
Debtors		21,132	29,370
Cash at bank and in hand		45,459	35,410
		81,091	77,780
Creditors: amounts falling due within one year		(129,530)	(86,263)
Net current assets (liabilities)		(48,439)	(8,483)
Total assets less current liabilities		103,538	1,434
Creditors: amounts falling due after more than one year		(80,396)	(675)
Total net assets (liabilities)		23,142	759
Capital and reserves
Called up share capital		100	100
Profit and loss account		23,042	659
Shareholders' funds		23,142	759

For the year ending 31 March 2017 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 17 November 2017

And signed on their behalf by:
S McTurk, Director

REFLEC SIGNS AND GRAPHICS LIMITED Registered Number 04621255

Notes to the Micro-entity Accounts for the period ended 31 March 2017

1Tangible fixed assets

	£
Cost
At 1 April 2016	77,657
Additions	147,488
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2017	225,145
Depreciation
At 1 April 2016	67,740
Charge for the year	5,428
On disposals	-
At 31 March 2017	73,168
Net book values
At 31 March 2017	151,977
At 31 March 2016	9,917

2Accounting Policies

Basis of measurement and preparation of accounts
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

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

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold - 2% on cost
Plant & Machinery - 25% reducing balance
Motor Vehicles - 25% reducing balance
Fixtures & Fittings - 25% reducing balance
Computer Equipment 25% reducing balance

Valuation information and policy
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.