RIFT Group Limited

RIFT GROUP LIMITED - Company Information

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Registered number: 08986266

RIFT Group Limited

Abbreviated accounts

For The Year Ended 30 April 2015

RIFT Group Limited

Company No. 08986266

Abbreviated Balance Sheet 30 April 2015

Abbreviated Balance Sheet

		2015
	Notes	£	£
FIXED ASSETS
Intangible assets	2		2
Investments	3		300

			302
CURRENT ASSETS
Debtors		12,100
Cash at bank and in hand		1,834

		13,934
Creditors: Amounts Falling Due Within One Year		(10,442)

NET CURRENT ASSETS (LIABILITIES)			3,492

TOTAL ASSETS LESS CURRENT LIABILITIES			3,794

NET ASSETS			3,794

CAPITAL AND RESERVES
Called up share capital	4		100
Profit and Loss account			3,694

SHAREHOLDERS' FUNDS			3,794

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RIFT Group Limited

Company No. 08986266

Abbreviated Balance Sheet (continued) 30 April 2015

For the year ending 30 April 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

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 abbreviated accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

On behalf of the board

Mr Dermot Kennedy

08/01/2016

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RIFT Group Limited

Notes to the Abbreviated Accounts

For The Year Ended 30 April 2015

Notes to the Abbreviated Accounts

Accounting Policies

Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Intangible fixed assets and amortisation - Intellectual Property

Intellectual property assets relate to the RIFT trademark (number UK00002656425) and 'The REC'. 'The REC' is an internally generated peice of software that is used to accurately calculate travel claims. These assets are included in the accounts at the nominal value paid to obtain them and therefore no amortisation is required.

Intangible Assets


	Total
Cost	£
As at 1 May 2014	-
Additions	2

As at 30 April 2015	2

Net Book Value
As at 30 April 2015	2

As at 1 May 2014	-

Investments

	Unlisted
	£
Cost
As at 1 May 2014	-
Additions	300

As at 30 April 2015	300

Provision
As at 1 May 2014	-

As at 30 April 2015	-

Net Book Value
As at 30 April 2015	300

As at 1 May 2014	-

During the year, the company incorporated 3 new subsidiaries, each with £100 share capital.

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RIFT Group Limited

Notes to the Abbreviated Accounts (continued)

For The Year Ended 30 April 2015

Share Capital

	Value	Number	2015
Allotted, called up and fully paid:	£		£
Ordinary shares	1.000	100	100

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