The Refractor Limited - Period Ending 2015-03-31

Registration number: 05980071

The Refractor Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2015
 

Beever and Struthers
Chartered Accountants
St George's House
215-219 Chester Road
Manchester
Lancashire
M15 4JE

The Refractor Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

The Refractor Limited
(Registration number: 05980071)
Abbreviated Balance Sheet at 31 March 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets					246			368
Current assets
Debtors					3,900			-
Cash at bank and in hand					2			2
					3,902			2
Creditors: Amounts falling due within one year					(39,837)			(23,848)
Net current liabilities					(35,935)			(23,846)
Net liabilities					(35,689)			(23,478)
Capital and reserves
Called up share capital		3			2			2
Profit and loss account					(35,691)			(23,480)
Shareholders' deficit					(35,689)			(23,478)

For the year ending 31 March 2015 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 16 December 2015 and signed on its behalf by:

......................................... Ms C Williams Director

The notes on pages 2 to 3 form an integral part of these financial statements.
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The Refractor Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Going concern

At the balance sheet date, the company's liabilities exceeded its assets. The company has recieved assurances from the director that she will continue to give financial support to the company for the foreseeable future and for a perriod not less than 12 months from the date of approval of these financial statments.

On this basis, the director considers it appropriate to prepare the accounts on the going concern basis. However, should the financial support mentioned above not be forthcoming the going concern basis used in preparing the company's accounts may be invalid and adjustments would have to be made to reduce the value of assets to their realisable amount and provide for any further liabilities which might arise. The accounts do not include any adjustment to the company's assets or liabilities that might be necessary should this basis not continue to be appropriate.

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Computer equipment	33.33% reducing balance

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

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The Refractor Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2015
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 April 2014		2,805			2,805
At 31 March 2015		2,805			2,805
Depreciation
At 1 April 2014		2,437			2,437
Charge for the year		122			122
At 31 March 2015		2,559			2,559
Net book value
At 31 March 2015		246			246
At 31 March 2014		368			368

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary A Shares of £1 each		1			1			1			1
Ordinary B Shares of £1 each		1			1			1			1
		2			2			2			2

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