Abbreviated Company Accounts - RADICAL BUSINESS LIMITED

RADICAL BUSINESS LIMITED - Company Information

06463938 RADICAL BUSINESS LIMITED 2014-12-31 false 2014-01-01 2014-12-31 true 06463938 2014-01-01 2014-12-31 06463938 2014-12-31 06463938 2013-12-31 06463938 uk-gaap-cd-bus:Director1 2014-01-01 2014-12-31 06463938 uk-gaap-cd-bus:Director2 2014-01-01 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-01-01 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-12-31 iso4217:GBP shares

Registered Number 06463938

RADICAL BUSINESS LIMITED

Abbreviated Accounts

31 December 2014

RADICAL BUSINESS LIMITED Registered Number 06463938

Abbreviated Balance Sheet as at 31 December 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	2,314	604
		2,314	604
Current assets
Debtors		81,579	28,627
Cash at bank and in hand		147,618	128,779
		229,197	157,406
Creditors: amounts falling due within one year		(77,377)	(48,018)
Net current assets (liabilities)		151,820	109,388
Total assets less current liabilities		154,134	109,992
Total net assets (liabilities)		154,134	109,992
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		154,034	109,892
Shareholders' funds		154,134	109,992

For the year ending 31 December 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 24 September 2015

And signed on their behalf by:
EDWIN CHALMERS, Director

RADICAL BUSINESS LIMITED Registered Number 06463938

Notes to the Abbreviated Accounts for the period ended 31 December 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.

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).

Turnover policy
Turnover represents amounts received for goods and services net of VAT and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost or valuation less depreciation . Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life, as follows:

Computer equipment 25% reducing balance.
Fixtures, fittings & equipment 25% reducing balance.

2Tangible fixed assets

	£
Cost
At 1 January 2014	1,507
Additions	2,481
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2014	3,988
Depreciation
At 1 January 2014	903
Charge for the year	771
On disposals	-
At 31 December 2014	1,674
Net book values
At 31 December 2014	2,314
At 31 December 2013	604

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
100 Ordinary shares of £1 each	100	100