Abbreviated Company Accounts - RANJITA LIMITED

Abbreviated Company Accounts - RANJITA LIMITED


Registered Number 01748573

RANJITA LIMITED

Abbreviated Accounts

31 March 2014

RANJITA LIMITED Registered Number 01748573

Abbreviated Balance Sheet as at 31 March 2014

Notes 2014 2013
£ £
Fixed assets
Intangible assets 2 2,800 3,150
Tangible assets 3 215,265 220,320
218,065 223,470
Current assets
Stocks 265,415 261,626
Debtors 22,066 32,178
Cash at bank and in hand 87,314 24,092
374,795 317,896
Creditors: amounts falling due within one year (167,426) (175,142)
Net current assets (liabilities) 207,369 142,754
Total assets less current liabilities 425,434 366,224
Creditors: amounts falling due after more than one year (131,857) (142,398)
Total net assets (liabilities) 293,577 223,826
Capital and reserves
Called up share capital 45,000 45,000
Revaluation reserve 93,173 93,173
Profit and loss account 155,404 85,653
Shareholders' funds 293,577 223,826
  • 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:
Mr S Kumar, Director

RANJITA LIMITED Registered Number 01748573

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
The turnover shown in the profit and loss account represents amounts invoiced during the year,
exclusive of Value Added Tax.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value,
over the useful economic life of that asset as follows:
Freehold Property -2% on cost
Fixtures & Fittings -15% on written down value
Computer Equipment - 30% on written down value

Intangible assets amortisation policy
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value,
over the useful economic life of that asset as follows:
Goodwill -over 20 years

Valuation information and policy
Stocks:
Stocks are valued at the lower of cost and net realisable value, after making due allowance for
obsolete and slow moving items.

Other accounting policies
Fixed assets:
All fixed assets are initially recorded at cost.

Financial instruments;
Financial instruments are classified and accounted for, according to the substance of the
contractual arrangement, as either financial assets, financial liabilities or equity instruments. An
equity instrument is any contract that evidences a residual interest in the assets of the company
after deducting all of its liabilities.

2Intangible fixed assets
£
Cost
At 1 April 2013 7,000
Additions -
Disposals -
Revaluations -
Transfers -
At 31 March 2014 7,000
Amortisation
At 1 April 2013 3,850
Charge for the year 350
On disposals -
At 31 March 2014 4,200
Net book values
At 31 March 2014 2,800
At 31 March 2013 3,150
3Tangible fixed assets
£
Cost
At 1 April 2013 435,851
Additions 6,815
Disposals -
Revaluations -
Transfers -
At 31 March 2014 442,666
Depreciation
At 1 April 2013 215,531
Charge for the year 11,870
On disposals -
At 31 March 2014 227,401
Net book values
At 31 March 2014 215,265
At 31 March 2013 220,320