Abbreviated Company Accounts - RADICAL BUSINESS LIMITED

Abbreviated Company Accounts - RADICAL BUSINESS LIMITED

RADICAL BUSINESS LIMITED - Company Information

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Registered Number 06463938

RADICAL BUSINESS LIMITED

Abbreviated Accounts

31 December 2015

RADICAL BUSINESS LIMITED Registered Number 06463938

Abbreviated Balance Sheet as at 31 December 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 3,090 2,314
3,090 2,314
Current assets
Debtors 57,839 81,579
Cash at bank and in hand 97,872 147,618
155,711 229,197
Creditors: amounts falling due within one year (59,168) (77,379)
Net current assets (liabilities) 96,543 151,818
Total assets less current liabilities 99,633 154,132
Total net assets (liabilities) 99,633 154,132
Capital and reserves
Called up share capital 100 100
Profit and loss account 99,533 154,032
Shareholders' funds 99,633 154,132
  • For the year ending 31 December 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 28 September 2016

And signed on their behalf by:
Edwin Chalmers, Director

RADICAL BUSINESS LIMITED Registered Number 06463938

Notes to the Abbreviated Accounts for the period ended 31 December 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 amounts receivable for goods and services net of VAT 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 less estimated residual value of each asset over its expected useful life, as follows:
Fixtures, Fillings &equipment 25% reducing balance.

2Tangible fixed assets
£
Cost
At 1 January 2015 3,988
Additions 1,808
Disposals -
Revaluations -
Transfers -
At 31 December 2015 5,796
Depreciation
At 1 January 2015 1,674
Charge for the year 1,032
On disposals -
At 31 December 2015 2,706
Net book values
At 31 December 2015 3,090
At 31 December 2014 2,314