Raptor Grafix Limited - Accounts

Raptor Grafix Limited - Accounts

RAPTOR GRAFIX LIMITED - Company Information

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Registered Number : 08475860
England and Wales

 

 

 

RAPTOR GRAFIX LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 May 2016

End date: 30 April 2017

Raptor Grafix Limited
Contents Page
For the year ended 30 April 2017
As described in the Statement of Financial Position you are responsible for the preparation of the financial statements for the year ended 30 April 2017 and you consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.



....................................................
Peak Management Associates (Ashbourne) Limited
King Edward Street
Ashbourne
Derbyshire
DE6 1BW
30 January 2018
1
 
 		 Notes
 		 2017
£		   2016
£
Fixed assets      
Tangible fixed assets 2 14,308    18,346 
14,308    18,346 
Current assets      
Stocks 1,500    3,250 
Debtors 13,330    5,979 
Cash at bank and in hand 6,081    5,520 
20,911    14,749 
Creditors: amount falling due within one year (40,492)   (33,502)
Net current assets (19,581)   (18,753)
 
Total assets less current liabilities (5,273)   (407)
Creditors: amount falling due after more than one year (7,277)   (13,643)
Provisions for liabilities (22)   0 
Net assets (12,572)   (14,050)
 

Capital and reserves 		     
Called up share capital 3 1    1 
Profit and loss account (12,573)   (14,051)
Shareholders funds (12,572)   (14,050)
 


For the year ended 30 April 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's Responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476
  2. 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
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The members have agreed to the preparation of abridged accounts.
Signed on behalf of the board of directors


--------------------------------
Mr J W Howson
Director

Date approved by the board: 30 January 2018
2
Statutory Information
Raptor Grafix Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number 08475860.

The presentation currency is £ sterling.
1.

Accounting Policies

Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Financial Reporting Standard for Smaller Entities (effective January 2016).
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Finance lease and hire purchase charges
The finance element of the rental payment is charged to the profit and loss account on a straight line basis.
Deferred taxation
Deferred tax is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. 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: 
Computer Equipment 33% Reducing Balance
Fixtures and Fittings 25% Reducing Balance
Motor Vehicles 25% Reducing Balance
Plant and Machinery 25% Reducing Balance
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.

Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Tangible fixed assets

Cost or Valuation Plant and Machinery   Motor Vehicles   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £   £
At 01 May 2016 12,000    20,272    2    423    32,697 
Additions 750    -    -    -    750 
Disposals -    -    -    -    - 
At 30 April 2017 12,750    20,272    2    423    33,447 
Depreciation
At 01 May 2016 5,248    8,868    -    235    14,351 
Charge for year 1,874    2,851    -    63    4,788 
On disposals -    -    -    -    - 
At 30 April 2017 7,122    11,719    -    298    19,139 
Net book values
Closing balance as at 30 April 2017 5,628    8,553    2    125    14,308 
Opening balance as at 01 May 2016 6,752    11,404    2    188    18,346 


3.

Share Capital

Authorised
1 Ordinary shares of £1.00 each
Allotted
2017
£		   2016
£
1 Ordinary shares of £1.00 each 1    1 
1    1 

3