Abbreviated Company Accounts - 2 R SYSTEMS LIMITED

MIRUS MANAGED PRINT LIMITED - Company Information

03754764 2 R SYSTEMS LIMITED 2015-07-31 false 2014-08-01 2015-07-31 true 03754764 2014-08-01 2015-07-31 03754764 2015-07-31 03754764 2014-07-31 03754764 uk-gaap-cd-bus:Director1 2014-08-01 2015-07-31 03754764 uk-gaap-cd-bus:Director2 2014-08-01 2015-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-08-01 2015-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-07-31 iso4217:GBP shares

Registered Number 03754764

2 R SYSTEMS LIMITED

Abbreviated Accounts

31 July 2015

2 R SYSTEMS LIMITED Registered Number 03754764

Abbreviated Balance Sheet as at 31 July 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	42,270	40,271
		42,270	40,271
Current assets
Stocks		8,000	10,800
Debtors		178,047	120,821
Cash at bank and in hand		380,730	307,326
		566,777	438,947
Creditors: amounts falling due within one year		(171,744)	(157,863)
Net current assets (liabilities)		395,033	281,084
Total assets less current liabilities		437,303	321,355
Creditors: amounts falling due after more than one year		(3,418)	(16,358)
Provisions for liabilities		(8,454)	(8,054)
Total net assets (liabilities)		425,431	296,943
Capital and reserves
Called up share capital	3	3	3
Profit and loss account		425,428	296,940
Shareholders' funds		425,431	296,943

For the year ending 31 July 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 10 February 2016

And signed on their behalf by:
Mr R L Finch, Director

2 R SYSTEMS LIMITED Registered Number 03754764

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

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). The financial statements are prepared in accordance with applicable UK Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

Turnover policy
Turnover represents amounts receivable for goods and services net of VAT and trade discounts. The company's revenue is derived from it's principal activity of the provision of copying and printing systems. Revenue is recognised as turnover when the goods and services have been delivered to customers.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Plant and machinery: 25% reducing balance
Fixtures, fittings and equipment: 33% reducing balance
Motor vehicles: 25% reducing balance

2Tangible fixed assets

	£
Cost
At 1 August 2014	96,112
Additions	24,000
Disposals	(10,200)
Revaluations	-
Transfers	-
At 31 July 2015	109,912
Depreciation
At 1 August 2014	55,841
Charge for the year	16,264
On disposals	(4,463)
At 31 July 2015	67,642
Net book values
At 31 July 2015	42,270
At 31 July 2014	40,271

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

	2015 £	2014 £
3 Ordinary shares of £1 each	3	3