RHODO CONSULTANTS LTD - Abbreviated accounts

RHODO CONSULTANTS LTD - Abbreviated accounts


Registered number
08202186
RHODO CONSULTANTS LTD
Abbreviated Accounts
30 September 2015
RHODO CONSULTANTS LTD
Registered number: 08202186
Abbreviated Balance Sheet
as at 30 September 2015
Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 1 101
Current assets
Cash at bank and in hand 2,949 11,825
Creditors: amounts falling due within one year (1,246) (1,852)
Net current assets 1,703 9,973
Net assets 1,704 10,074
Capital and reserves
Called up share capital 3 2 2
Profit and loss account 1,702 10,072
Shareholders' funds 1,704 10,074
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
Dr. Alessandro Romagnoli
Director
Approved by the board on 25 June 2016
RHODO CONSULTANTS LTD
Notes to the Abbreviated Accounts
for the year ended 30 September 2015
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Turnover
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Computer & Equipment 33% straight line
Motor vehicles 25% straight line
Stocks
Stock is valued at the lower of cost and net realisable value.
Deferred taxation
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.
Foreign currencies
Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.
Leasing and hire purchase commitments
Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability.

The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.

Rentals paid under operating leases are charged to income on a straight line basis over the lease term.
Pensions
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2 Tangible fixed assets £
Cost
At 1 October 2014 305
At 30 September 2015 305
Depreciation
At 1 October 2014 204
Charge for the year 100
At 30 September 2015 304
Net book value
At 30 September 2015 1
At 30 September 2014 101
3 Share capital Nominal 2015 2015 2014
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each - 2 2
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