Abbreviated Company Accounts - REFLEC SIGNS AND GRAPHICS LIMITED

Abbreviated Company Accounts - REFLEC SIGNS AND GRAPHICS LIMITED

REFLEC SIGNS AND GRAPHICS LIMITED - Company Information

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Registered Number 04621255

REFLEC SIGNS AND GRAPHICS LIMITED

Abbreviated Accounts

31 March 2014

REFLEC SIGNS AND GRAPHICS LIMITED Registered Number 04621255

Abbreviated Balance Sheet as at 31 March 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 17,630 15,639
17,630 15,639
Current assets
Stocks 21,437 15,438
Debtors 8,112 9,548
29,549 24,986
Creditors: amounts falling due within one year (44,859) (44,057)
Net current assets (liabilities) (15,310) (19,071)
Total assets less current liabilities 2,320 (3,432)
Creditors: amounts falling due after more than one year (6,075) (2,551)
Total net assets (liabilities) (3,755) (5,983)
Capital and reserves
Called up share capital 1 1
Profit and loss account (3,756) (5,984)
Shareholders' funds (3,755) (5,983)
  • For the year ending 31 March 2014 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 22 December 2014

And signed on their behalf by:
S McTurk, Director

REFLEC SIGNS AND GRAPHICS LIMITED Registered Number 04621255

Notes to the Abbreviated Accounts for the period ended 31 March 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

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:

Plant & Machinery 25% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% reducing balance

2Tangible fixed assets
£
Cost
At 1 April 2013 89,072
Additions 10,800
Disposals (22,215)
Revaluations -
Transfers -
At 31 March 2014 77,657
Depreciation
At 1 April 2013 73,433
Charge for the year 6,103
On disposals (19,509)
At 31 March 2014 60,027
Net book values
At 31 March 2014 17,630
At 31 March 2013 15,639