Registered Number 09065367
RED OAK ASSET MANAGEMENT LTD
Micro-entity Accounts
30 June 2017
Notes | 2017 | 2016 | |
---|---|---|---|
£ | £ | ||
Fixed assets | |||
Tangible assets | 1 |
|
|
|
|
||
Current assets | |||
Cash at bank and in hand |
|
|
|
|
|
||
Creditors: amounts falling due within one year |
( |
( |
|
Net current assets (liabilities) |
( |
( |
|
Total assets less current liabilities |
( |
( |
|
Total net assets (liabilities) |
( |
( |
|
Capital and reserves | |||
Called up share capital |
|
|
|
Profit and loss account |
( |
( |
|
Shareholders' funds |
( |
( |
Approved by the Board on
And signed on their behalf by:
£ | |
---|---|
Cost | |
At 1 July 2016 |
|
Additions |
|
Disposals |
|
Revaluations |
|
Transfers |
|
At 30 June 2017 |
|
Depreciation | |
At 1 July 2016 |
|
Charge for the year |
|
On disposals |
|
At 30 June 2017 |
|
Net book values | |
At 30 June 2017 | 57,149 |
At 30 June 2016 | 62,028 |
over the useful economic life of that asset as follows:
Freehold property - 5% straight line
Fittings fixtures and equipment - 25% straight line
If there is an indication that there has been a significant change in depreciation rate, useful life or
the residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates
2 Accounting Policies
Basis of measurement and preparation of accounts
Turnover policy
and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have
transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured
reliably; it is probable that the associated economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Tangible assets depreciation policy
over the useful economic life of that asset as follows:
Freehold property - 5% straight line
Fittings fixtures and equipment - 25% straight line
If there is an indication that there has been a significant change in depreciation rate, useful life or
the residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.