Abbreviated Company Accounts - RAREBREED LIMITED

06436588 RAREBREED LIMITED 2015-03-31 false 2014-04-01 2015-03-31 true 06436588 2014-04-01 2015-03-31 06436588 2015-03-31 06436588 2014-03-31 06436588 uk-gaap-cd-bus:Director1 2014-04-01 2015-03-31 06436588 uk-gaap-cd-bus:Director2 2014-04-01 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-04-01 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 iso4217:GBP shares

Registered Number 06436588

RAREBREED LIMITED

Abbreviated Accounts

31 March 2015

RAREBREED LIMITED Registered Number 06436588

Abbreviated Balance Sheet as at 31 March 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	4,040	5,394
		4,040	5,394
Current assets
Debtors		40,021	30,289
Cash at bank and in hand		15,529	11,580
		55,550	41,869
Creditors: amounts falling due within one year		(37,532)	(36,312)
Net current assets (liabilities)		18,018	5,557
Total assets less current liabilities		22,058	10,951
Total net assets (liabilities)		22,058	10,951
Capital and reserves
Called up share capital	3	2,000	2,000
Profit and loss account		20,058	8,951
Shareholders' funds		22,058	10,951

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 18 December 2015

And signed on their behalf by:
A Barton, Director

RAREBREED LIMITED Registered Number 06436588

Notes to the Abbreviated Accounts for the period ended 31 March 2015

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.

Turnover policy
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and machinery 10% - 33% straight line

Valuation information and policy
Leasing and hire purchase commitments
Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability.

The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.

Rentals paid under operating leases are charged to income on a straight line basis over the lease term.

2Tangible fixed assets

	£
Cost
At 1 April 2014	47,458
Additions	2,310
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2015	49,768
Depreciation
At 1 April 2014	42,064
Charge for the year	3,664
On disposals	-
At 31 March 2015	45,728
Net book values
At 31 March 2015	4,040
At 31 March 2014	5,394

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

	2015 £	2014 £
2,000 Ordinary shares of £1 each	2,000	2,000