Abbreviated Company Accounts - REEL MCR

Abbreviated Company Accounts - REEL MCR


Registered Number 04645645

REEL MCR

Abbreviated Accounts

31 January 2016

REEL MCR Registered Number 04645645

Abbreviated Balance Sheet as at 31 January 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 3 3,948 5,634
3,948 5,634
Current assets
Stocks 2,100 20,400
Debtors 18,100 16,600
20,200 37,000
Creditors: amounts falling due within one year (7,543) (23,729)
Net current assets (liabilities) 12,657 13,271
Total assets less current liabilities 16,605 18,905
Total net assets (liabilities) 16,605 18,905
Reserves
Income and expenditure account 16,605 18,905
Members' funds 16,605 18,905
  • For the year ending 31 January 2016 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 20 May 2016

And signed on their behalf by:
Mr T Egan, Director

REEL MCR Registered Number 04645645

Notes to the Abbreviated Accounts for the period ended 31 January 2016

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 net income falling within the Company's normal activities.

Tangible assets depreciation policy
Depreciation is provided so as to write off the assets over their expected lives at a 25% reducing balance.

Valuation information and policy
Work in progress is valued at the lower of cost and net realisable value. Cost consists of direct materials, labour and attributable overheads.

2Company limited by guarantee
Company is limited by guarantee and consequently does not have share capital.

3Tangible fixed assets
£
Cost
At 1 February 2015 52,760
Additions -
Disposals (370)
Revaluations -
Transfers -
At 31 January 2016 52,390
Depreciation
At 1 February 2015 47,126
Charge for the year 1,316
On disposals -
At 31 January 2016 48,442
Net book values
At 31 January 2016 3,948
At 31 January 2015 5,634