Company Registration No. 04900547 (England and Wales)
RFID CENTRE LTD
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2015
Abbey House
Hickleys Court
South Street
Farnham
Surrey
GU9 7QQ
RFID CENTRE LTD
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 4
RFID CENTRE LTD
ABBREVIATED BALANCE SHEET
AS AT
31 DECEMBER 2015
31 December 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
22,272
423
Investments
2
4,507
4,838
26,779
5,261
Current assets
Debtors
92,891
44,836
Cash at bank and in hand
208,404
159,820
301,295
204,656
Creditors: amounts falling due within one year
(128,787)
(77,519)
Net current assets
172,508
127,137
Total assets less current liabilities
199,287
132,398
Capital and reserves
Called up share capital
3
1
1
Profit and loss account
199,286
132,397
Shareholders' funds
199,287
132,398
RFID CENTRE LTD
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.
Director's 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 director acknowledges his 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 August 2016
Mr E. Cowley
Director
Company Registration No. 04900547
RFID CENTRE LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2015
- 3 -
1
Accounting policies
1.1
Basis of accounting
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: Fixtures and fittings - 20% straight line Motor vehicles - 25% straight line Office and computer equipment - 33.33% straight line
Fixtures and fittings - 20% straight line
Motor vehicles - 25% straight line
Office and computer equipment - 33.33% straight line
1.5
Investments
Fixed asset investments are stated at cost less provision for diminution in value.
1.6
Foreign currency translation
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.
RFID CENTRE LTD
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2015
- 4 -
2
Fixed assets
Tangible assets
Investments
Total
£
£
£
Cost
At 1 January 2015
14,742
4,838
19,580
Additions
22,230
-
22,230
Revaluation
-
(331)
(331)
At 31 December 2015
36,972
4,507
41,479
Depreciation
At 1 January 2015
14,319
-
14,319
Charge for the year
381
-
381
At 31 December 2015
14,700
-
14,700
Net book value
At 31 December 2015
22,272
4,507
26,779
At 31 December 2014
423
4,838
5,261
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
1 Ordinary share of £1 each
1
1