Abbreviated Company Accounts - RIDERCAM SYSTEMS LIMITED

RIDERCAM SYSTEMS LIMITED - Company Information

07490658 RIDERCAM SYSTEMS LIMITED 2015-06-30 false 2014-07-01 2015-06-30 true 07490658 2014-07-01 2015-06-30 07490658 2015-06-30 07490658 2014-06-30 07490658 uk-gaap-cd-bus:Director1 2014-07-01 2015-06-30 07490658 uk-gaap-cd-bus:Director2 2014-07-01 2015-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-07-01 2015-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-06-30 iso4217:GBP shares

Registered Number 07490658

RIDERCAM SYSTEMS LIMITED

Abbreviated Accounts

30 June 2015

RIDERCAM SYSTEMS LIMITED Registered Number 07490658

Abbreviated Balance Sheet as at 30 June 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	19,241	-
		19,241	-
Current assets
Debtors		17,873	5,092
Cash at bank and in hand		-	42,685
		17,873	47,777
Creditors: amounts falling due within one year		(70,911)	(69,867)
Net current assets (liabilities)		(53,038)	(22,090)
Total assets less current liabilities		(33,797)	(22,090)
Creditors: amounts falling due after more than one year		(37,500)	(37,500)
Total net assets (liabilities)		(71,297)	(59,590)
Capital and reserves
Called up share capital	3	143	104
Share premium account		728,500	42,600
Profit and loss account		(799,940)	(102,294)
Shareholders' funds		(71,297)	(59,590)

For the year ending 30 June 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 31 March 2016

And signed on their behalf by:
D.P.C. BERGER, Director

RIDERCAM SYSTEMS LIMITED Registered Number 07490658

Notes to the Abbreviated Accounts for the period ended 30 June 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 comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
On ride installations - 33.3% per annum on cost.

Intangible assets amortisation policy
Development expenditure incurred on defined projects which are considered to be technically feasible, commercially viable and ultimately profitable are capitalised as intangible fixed assets. The expenditure will be charged to the profit and loss account in future periods when the developnment product comes into use.
Amortisation is provided at the following rates:
Development expenditure - 20% per annum on cost.

2Tangible fixed assets

	£
Cost
At 1 July 2014	118,438
Additions	28,861
Disposals	-
Revaluations	-
Transfers	-
At 30 June 2015	147,299
Depreciation
At 1 July 2014	118,438
Charge for the year	9,620
On disposals	-
At 30 June 2015	128,058
Net book values
At 30 June 2015	19,241
At 30 June 2014	0

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

	2015 £	2014 £
14,342,500 Ordinary shares of £0.0001 each (10,400,000 shares for 2014)	1,434	1,040