Rave Solutions Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 03149361 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 May 2016

for

Rave Solutions Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

Directors:

Mr Avinash Gupta

Mrs Ruchika Gupta

Secretary:

Mrs Ruchika Gupta

Registered office:

10th Floor

1 Canada Square

Canary Wharf

London

E14 5AA

Business address:

House 7 Portman Gate

41 Broadley Terrace

London

NW1 6LQ

Registered number:

03149361 (England and Wales)

Accountants:

K&B Accountancy Group

10th Floor

1 Canada Square

Canary Wharf

London

E14 5AA

Current assets

Cash at bank and in hand

33,605

81,895

Creditors

Amounts falling due within one year

(29,809

)

(62,103

)

Net current assets

3,796

19,792

Total assets less current liabilities

3,796

19,792

Capital and reserves

Called up share capital

3

250

250

Profit and loss account

3,546

19,542

Shareholders' funds

3,796

19,792

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

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 7 December 2016 and were signed on its behalf by:

Mr Avinash Gupta - Director

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 services, excluding value added tax, except in respect of service

contracts where turnover is recognised when the company obtains the right to consideration.

Pension costs and other post-retirement benefits

The company makes contributions into director's personal pension. The contributions are included in the financial

statements in the period in which they were paid.

2.	Tangible fixed assets

Total

£

COST

At 1 June 2015

and 31 May 2016

9,889

DEPRECIATION

At 1 June 2015

and 31 May 2016

9,889

NET BOOK VALUE

At 31 May 2016

-

At 31 May 2015

-

3.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/5/16

31/5/15

value:

£

£

250

Ordinary share

1

250

250

4.	Ultimate controlling party

Mr Avinash Gupta and Mrs Ruchika Aggarwal Gupta are the ultimate controlling parties by virtue of directorship &

Shareholding.