Company Registration No. 00760309 (England and Wales)
RAY CAT LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2015
RAY CAT LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
RAY CAT LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 APRIL 2015
30 April 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
3,865
6,117
Current assets
Stocks
345,290
311,740
Debtors
277,628
292,730
Cash at bank and in hand
65,132
122,498
688,050
726,968
Creditors: amounts falling due within one year
(305,430)
(282,717)
Net current assets
382,620
444,251
Total assets less current liabilities
386,485
450,368
Provisions for liabilities
(773)
(1,223)
385,712
449,145
Capital and reserves
Called up share capital
3
14,245
14,245
Other reserves
1,582
1,582
Profit and loss account
369,885
433,318
Shareholders' funds
385,712
449,145
For the financial year ended 30 April 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 22 October 2015
Mr D. M. Taylor
Director
Company Registration No. 00760309
RAY CAT LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 APRIL 2015
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Plant and machinery
12 1/2% to 20% per annum of cost
1.5
Stock
Stock is valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
1.6
Deferred taxation
Deferred taxation 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.
2
Fixed assets
Tangible assets
£
Cost
At 1 May 2014 & at 30 April 2015
11,260
Depreciation
At 1 May 2014
5,143
Charge for the year
2,252
At 30 April 2015
7,395
Net book value
At 30 April 2015
3,865
At 30 April 2014
6,117
RAY CAT LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2015
- 3 -
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
12,662 Ordinary of £1 each
12,662
14,245
1,583 B Ordinary of £1 each
1,583
-
14,245
14,245
4
Transactions with directors
During the year the company made advances to directors totalling £128,420. Interest was charged at a commercial rate on advances made.
The advances were repaid in full by the directors during the year.