Abbreviated Company Accounts - 2 R SYSTEMS LIMITED

MIRUS MANAGED PRINT LIMITED - Company Information

03754764 2 R SYSTEMS LIMITED 2016-07-31 false 2015-08-01 2016-07-31 true 03754764 2015-08-01 2016-07-31 03754764 2016-07-31 03754764 2015-07-31 03754764 uk-gaap-cd-bus:Director1 2015-08-01 2016-07-31 03754764 uk-gaap-cd-bus:Director2 2015-08-01 2016-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-08-01 2016-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-07-31 iso4217:GBP shares

Registered Number 03754764

2 R SYSTEMS LIMITED

Abbreviated Accounts

31 July 2016

2 R SYSTEMS LIMITED Registered Number 03754764

Abbreviated Balance Sheet as at 31 July 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	31,621	42,270
		31,621	42,270
Current assets
Stocks		8,000	8,000
Debtors		147,735	178,047
Cash at bank and in hand		367,361	380,730
		523,096	566,777
Creditors: amounts falling due within one year		(135,790)	(171,744)
Net current assets (liabilities)		387,306	395,033
Total assets less current liabilities		418,927	437,303
Creditors: amounts falling due after more than one year		(1,465)	(3,418)
Provisions for liabilities		(6,324)	(8,454)
Total net assets (liabilities)		411,138	425,431
Capital and reserves
Called up share capital	3	3	3
Profit and loss account		411,135	425,428
Shareholders' funds		411,138	425,431

For the year ending 31 July 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 26 January 2017

And signed on their behalf by:
Mr R L Finch, Director

2 R SYSTEMS LIMITED Registered Number 03754764

Notes to the Abbreviated Accounts for the period ended 31 July 2016

1Accounting Policies

Basis of measurement and preparation of accounts
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). The financial statements are prepared in accordance with applicable UK Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

Turnover policy
Turnover represents amounts receivable for goods and services net of VAT and trade discounts. The company's revenue is derived from it's principal activity of the provision of copying and printing systems. Revenue is recognised as turnover when the goods and services have been delivered to customers.

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:
Plant and machinery: 25% reducing balance
Fixtures, fittings and equipment: 33% reducing balance
Motor vehicles: 25% reducing balance

2Tangible fixed assets

	£
Cost
At 1 August 2015	109,912
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 July 2016	109,912
Depreciation
At 1 August 2015	67,642
Charge for the year	10,649
On disposals	-
At 31 July 2016	78,291
Net book values
At 31 July 2016	31,621
At 31 July 2015	42,270

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
3 Ordinary shares of £1 each	3	3