Abbreviated Company Accounts - RENCO ELECTRICAL LIMITED

Abbreviated Company Accounts - RENCO ELECTRICAL LIMITED

RENCO ELECTRICAL LIMITED - Company Information

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Registered Number 09492670

RENCO ELECTRICAL LIMITED

Abbreviated Accounts

31 March 2016

RENCO ELECTRICAL LIMITED Registered Number 09492670

Abbreviated Balance Sheet as at 31 March 2016

Notes 2016
£
Fixed assets
Intangible assets 2 28,880
Tangible assets 3 247
29,127
Current assets
Debtors 23,220
Cash at bank and in hand 8,995
32,215
Creditors: amounts falling due within one year (57,955)
Net current assets (liabilities) (25,740)
Total assets less current liabilities 3,387
Creditors: amounts falling due after more than one year (54)
Total net assets (liabilities) 3,333
Capital and reserves
Called up share capital 2
Profit and loss account 3,331
Shareholders' funds 3,333
  • For the year ending 31 March 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 10 August 2016

And signed on their behalf by:
Mr Craig Rennie, Director

RENCO ELECTRICAL LIMITED Registered Number 09492670

Notes to the Abbreviated Accounts for the period ended 31 March 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.

Tangible assets depreciation policy
Computer equipment - 33% straightline

Intangible assets amortisation policy
Amortised over 5 years

2Intangible fixed assets
£
Cost
Additions 36,100
Disposals -
Revaluations -
Transfers -
At 31 March 2016 36,100
Amortisation
Charge for the year 7,220
On disposals -
At 31 March 2016 7,220
Net book values
At 31 March 2016 28,880

Goodwill is being written off in equal annual installments over its estimated economic life of 5 years.

3Tangible fixed assets
£
Cost
Additions 271
Disposals -
Revaluations -
Transfers -
At 31 March 2016 271
Depreciation
Charge for the year 24
On disposals -
At 31 March 2016 24
Net book values
At 31 March 2016 247