The Refractor Limited - Period Ending 2016-03-31
The Refractor Limited - Period Ending 2016-03-31
Registration number:
Unaudited Abbreviated Accounts
for the Year Ended
The Refractor Limited
Contents
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The Refractor Limited
(Registration number: 05980071)
Abbreviated Balance Sheet at 31 March 2016
Note |
2016
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2015
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Fixed assets |
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Tangible fixed assets |
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Current assets |
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Debtors |
- |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current liabilities |
( |
( |
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Net liabilities |
( |
( |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
( |
( |
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Shareholders' deficit |
( |
( |
Approved by the Board on
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The notes on
pages
2
to
3
form an integral part of these financial statements.
Page 1
The Refractor Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued
Accounting policies |
Basis of preparation
Going concern
At the balance sheet date, the company's liabilities exceeded its assets. The company has recieved assurances from the director that she will continue to give financial support to the company for the foreseeable future and for a perriod not less than 12 months from the date of approval of these financial statments.
On this basis, the director considers it appropriate to prepare the accounts on the going concern basis. However, should the financial support mentioned above not be forthcoming the going concern basis used in preparing the company's accounts may be invalid and adjustments would have to be made to reduce the value of assets to their realisable amount and provide for any further liabilities which might arise. The accounts do not include any adjustment to the company's assets or liabilities that might be necessary should this basis not continue to be appropriate.
Turnover
Depreciation
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Asset class |
Depreciation method and rate |
Computer equipment |
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Financial instruments
The Refractor Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued
Fixed assets |
Tangible assets
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Total
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Cost |
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At 1 April 2015 |
2,805 |
2,805 |
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Additions |
3,426 |
3,426 |
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At 31 March 2016 |
6,231 |
6,231 |
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Depreciation |
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At 1 April 2015 |
2,559 |
2,559 |
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Charge for the year |
692 |
692 |
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At 31 March 2016 |
3,251 |
3,251 |
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Net book value |
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At 31 March 2016 |
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At 31 March 2015 |
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Share capital |
Allotted, called up and fully paid shares
2016 |
2015 |
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No. |
£ |
No. |
£ |
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Ordinary A Shares of £1 each |
1 |
1 |
1 |
1 |
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Ordinary B Shares of £1 each |
1 |
1 |
1 |
1 |
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