Abbreviated Company Accounts - R A M (NI) LTD

NI070233 R A M (NI) LTD 2015-07-31 false 2014-08-01 2015-07-31 true NI070233 2014-08-01 2015-07-31 NI070233 2015-07-31 NI070233 2014-07-31 NI070233 uk-gaap-cd-bus:Director1 2014-08-01 2015-07-31 NI070233 uk-gaap-cd-bus:Director2 2014-08-01 2015-07-31 uk-gaap-cd-bus:Director3 2014-08-01 2015-07-31 uk-gaap-cd-bus:Director3 2015-07-31 uk-gaap-cd-bus:Director3 2014-07-31 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 NI070233

R A M (NI) LTD

Abbreviated Accounts

31 July 2015

R A M (NI) LTD Registered Number NI070233

Abbreviated Balance Sheet as at 31 July 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	122,650	95,266
		122,650	95,266
Current assets
Debtors		151,817	145,871
Cash at bank and in hand		12,782	-
		164,599	145,871
Creditors: amounts falling due within one year		(217,219)	(195,039)
Net current assets (liabilities)		(52,620)	(49,168)
Total assets less current liabilities		70,030	46,098
Creditors: amounts falling due after more than one year		(84,311)	(32,714)
Total net assets (liabilities)		(14,281)	13,384
Capital and reserves
Called up share capital	3	2	2
Profit and loss account		(14,283)	13,382
Shareholders' funds		(14,281)	13,384

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 19 November 2015

And signed on their behalf by:
Stephen Chambers, Director

R A M (NI) LTD Registered Number NI070233

Notes to the Abbreviated Accounts for the period ended 31 July 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 total invoice value, excluding value added tax, of sales made during the year.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible fixed assets, less their estimated residual value, over their expected useful lives as follows:
Motor vehicles - 25% Straight Line
The carrying values of tangible fixed assets are reviewed for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable

Other accounting policies
Leasing and Hire Purchases
Tangible fixed assets held under leasing and Hire Purchases arrangements which transfer substantially all the risks and rewards of ownership to the company are capitalised and included in the Balance Sheet at their cost or valuation, less depreciation. The corresponding commitments are recorded as liabilities. Payments in respect of these obligations are treated as consisting of capital and interest elements, with interest charged tot the Profit and Loss Account.

Leasing
Rentals payable under operating leases are dealt with in the Profit and Loss Account as incurred over the period of the rental agreement.

Taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the year and is calculated using the rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Foreign Currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the balance sheet date. Transactions, during the year, which are denominated in foreign currencies are translated at the rates of exchange ruling at the date of the transaction. The resulting exchange differences are dealt with in the profit and loss account.

2Tangible fixed assets

	£
Cost
At 1 August 2014	151,416
Additions	131,542
Disposals	(118,917)
Revaluations	-
Transfers	-
At 31 July 2015	164,041
Depreciation
At 1 August 2014	56,150
Charge for the year	32,808
On disposals	(47,567)
At 31 July 2015	41,391
Net book values
At 31 July 2015	122,650
At 31 July 2014	95,266

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

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

4Transactions with directors

Name of director receiving advance or credit:	Stephen Chambers
Description of the transaction:	Advances to director
Balance at 1 August 2014:	£ 62,812
Advances or credits made:	£ 9,602
Advances or credits repaid:	-
Balance at 31 July 2015:	£ 72,414

During the course of the year the following transactions took place with the director Mr S Chambers who is also the 100% shareholder of the company. The director owes the company £72,414 at the end of the current financial year. Interest has been charged at 3.25%.

Stephen Chambers Solicitors Ltd, a company registered in Northern Ireland, registration number NI602985 is under common control with Mr S Chambers being director and 100% shareholder. At the year end the company owed £26,975.84 to Stephen Chambers Solicitors Ltd.