The Roving Ambassador Ltd. - Period Ending 2016-06-30

Registration number: 03065404

The Roving Ambassador Ltd.

Unaudited Abbreviated Accounts

for the Year Ended 30 June 2016
 

Oxlade & Bond Limited
Chartered Certified Accountants
The Blue Farmhouse
86-90 Cumberland Street
Woodbridge
Suffolk
IP12 4AE

The Roving Ambassador Ltd.
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Certified Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
The Roving Ambassador Ltd.
for the Year Ended 30 June 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of The Roving Ambassador Ltd. for the year ended 30 June 2016 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/gb/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made solely to the Board of Directors of The Roving Ambassador Ltd., as a body, in accordance with the terms of our engagement letter dated 11 June 2009. Our work has been undertaken solely to prepare for your approval the accounts of The Roving Ambassador Ltd. and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Roving Ambassador Ltd. and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that The Roving Ambassador Ltd. has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of The Roving Ambassador Ltd.. You consider that The Roving Ambassador Ltd. is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of The Roving Ambassador Ltd.. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Oxlade & Bond Limited
Chartered Certified Accountants
The Blue Farmhouse
86-90 Cumberland Street
Woodbridge
Suffolk
IP12 4AE

9 March 2017

Page 1

The Roving Ambassador Ltd.
(Registration number: 03065404)
Abbreviated Balance Sheet at 30 June 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets		2			414			487
Current assets
Debtors					203			444
Cash at bank and in hand					2,106			1,941
					2,309			2,385
Creditors: Amounts falling due within one year					(16,126)			(7,928)
Net current liabilities					(13,817)			(5,543)
Total assets less current liabilities					(13,403)			(5,056)
Provisions for liabilities					(85)			(95)
Net liabilities					(13,488)			(5,151)
Capital and reserves
Called up share capital		3			2			2
Profit and loss account					(13,490)			(5,153)
Shareholders' deficit					(13,488)			(5,151)

For the year ending 30 June 2016 the company was entitled to exemption from audit 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 director acknowledges his 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 director on 9 March 2017

.........................................
Mr A Shapland
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

The Roving Ambassador Ltd.
Notes to the Abbreviated Accounts for the Year Ended 30 June 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Going concern

The financial statements have been prepared on a going concern basis.

At the 30th June 2016 the company has net liabilities of £13,488. The director is confident that the company will have future sufficient trading activity to correct this insolvent position. To this end the director continues to take a reduced salary and he will not withdraw his loan account in the sum of £14,233 until the company has sufficient funds.

Turnover

Turnover represents net invoiced sales of services, excluding value added tax, provided during the accounting period. For service contracts turnover is recognised when the company obtains the right to consideration

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Fixtures and fittings	15% reducing balance basis

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Foreign currency

Transactions in foreign currencies are translated into sterling at the rate ruling at the date of the transaction.

Page 3

The Roving Ambassador Ltd.
Notes to the Abbreviated Accounts for the Year Ended 30 June 2016
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 July 2015		6,756			6,756
At 30 June 2016		6,756			6,756
Depreciation
At 1 July 2015		6,269			6,269
Charge for the year		73			73
At 30 June 2016		6,342			6,342
Net book value
At 30 June 2016		414			414
At 30 June 2015		487			487

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary shares of £1 each		2			2			2			2

Page 4