Company Registration No. 02783448 (England and Wales)
RAKECRAFT LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2015
RAKECRAFT LIMITED
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 4
RAKECRAFT LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 DECEMBER 2015
31 December 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
28,771
38,133
Investments
2
-
120,680
28,771
158,813
Current assets
Debtors
275,217
221,921
Cash at bank and in hand
410,171
305,592
685,388
527,513
Creditors: amounts falling due within one year
(150,455)
(148,161)
Net current assets
534,933
379,352
Total assets less current liabilities
563,704
538,165
Provisions for liabilities
(5,755)
(7,627)
557,949
530,538
Capital and reserves
Called up share capital
3
100
100
Revaluation reserve
-
15,631
Profit and loss account
557,849
514,807
Shareholders' funds
557,949
530,538
RAKECRAFT LIMITED
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2015
31 December 2015
- 2 -
For the financial year ended 31 December 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 8 September 2016
J P Caten
Director
Company Registration No. 02783448
RAKECRAFT LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2015
- 3 -
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 January 2015).
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 and trade discounts.
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
20% Reducing balance
Fixtures, fittings and equipment
20% Reducing balance
Motor vehicles
25% Reducing balance
1.5
Investments
Fixed asset investments are stated at market value less provision for diminution in value.
2
Fixed assets
Tangible assets
Investments
Total
£
£
£
Cost
At 1 January 2015
67,668
120,679
188,347
Disposals
-
(120,679)
(120,679)
At 31 December 2015
67,668
-
67,668
Depreciation
At 1 January 2015
29,535
-
29,535
Charge for the year
9,362
-
9,362
At 31 December 2015
38,897
-
38,897
Net book value
At 31 December 2015
28,771
-
28,771
At 31 December 2014
38,133
120,679
158,813
RAKECRAFT LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2015
- 4 -
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
100 Ordinary shares of £1 each
100
100