Rants Limited - Abbreviated accounts 16.1

Rants Limited - Abbreviated accounts 16.1


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REGISTERED NUMBER: 04309174 (England and Wales)















Abbreviated Accounts for the Year Ended 31 March 2016

for

Rants Limited

Rants Limited (Registered number: 04309174)

Contents of the Abbreviated Accounts
for the year ended 31 March 2016










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

Rants Limited

Company Information
for the year ended 31 March 2016







DIRECTORS: A Workman
I Borekci





SECRETARIES: A Workman
M Russo





REGISTERED OFFICE: 82 Glentham Road
London
SW13 9JJ





REGISTERED NUMBER: 04309174 (England and Wales)





ACCOUNTANTS: Godfrey Accounting
Chartered Accountants
3 Litchfield Way
Guildford
Surrey
GU2 7QL

Rants Limited (Registered number: 04309174)

Abbreviated Balance Sheet
31 March 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 2,986 8,150

CURRENT ASSETS
Debtors 489,181 776,528
Cash at bank and in hand 123,563 191,682
612,744 968,210
CREDITORS
Amounts falling due within one year 3,897,264 3,801,542
NET CURRENT LIABILITIES (3,284,520 ) (2,833,332 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(3,281,534

)

(2,825,182

)

CREDITORS
Amounts falling due after more than one
year

1,579,953

1,579,953
NET LIABILITIES (4,861,487 ) (4,405,135 )

CAPITAL AND RESERVES
Called up share capital 3 103 103
Profit and loss account (4,861,590 ) (4,405,238 )
SHAREHOLDERS' FUNDS (4,861,487 ) (4,405,135 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the
Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at
the end of each financial year and of its profit or loss for each financial year in accordance with the
requirements of Sections 394 and 395 and which otherwise comply with the requirements of the
Companies Act 2006 relating to financial statements, so far as applicable to the company.

Rants Limited (Registered number: 04309174)

Abbreviated Balance Sheet - continued
31 March 2016


The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the Board of Directors on 11 August 2016 and were signed on its
behalf by:





A Workman - Director


Rants Limited (Registered number: 04309174)

Notes to the Abbreviated Accounts
for the year ended 31 March 2016


1. ACCOUNTING POLICIES

Accounting convention
The financial statements 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 net invoiced sales of goods, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc - 33% on cost

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at
the balance sheet date.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis
over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the
company's pension scheme are charged to the profit and loss account in the period to which they
relate.

Going concern
The directors have a reasonable expectation that the company has adequate resources to continue in
operational existence for the foreseeable future. Thus they continue to adopt the going concern basis
of accounting in preparing the annual financial statements.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2015 247,821
Additions 225
At 31 March 2016 248,046
DEPRECIATION
At 1 April 2015 239,671
Charge for year 5,389
At 31 March 2016 245,060
NET BOOK VALUE
At 31 March 2016 2,986
At 31 March 2015 8,150

Rants Limited (Registered number: 04309174)

Notes to the Abbreviated Accounts - continued
for the year ended 31 March 2016


3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
10,274 Ordinary share capital 1p 103 103