RED C Research Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 09848896 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD

29 OCTOBER 2015 TO 31 DECEMBER 2016

FOR

RED C RESEARCH LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

R Colwell

R Barton

C Butterworth

SECRETARIES:

R Colwell

C Butterworth

REGISTERED OFFICE:

Swatton Barn

Badbury

Swindon

Wiltshire

SN4 0EU

REGISTERED NUMBER:

09848896 (England and Wales)

ACCOUNTANTS:

Dennis & Turnbull

Chartered Accountants

Swatton Barn

Badbury

Swindon

Wiltshire

SN4 0EU

FIXED ASSETS

Tangible assets

2

3,758

CURRENT ASSETS

Debtors

234,078

Cash at bank

35,212

269,290

CREDITORS

Amounts falling due within one year

(222,471

)

NET CURRENT ASSETS

46,819

TOTAL ASSETS LESS CURRENT
LIABILITIES

50,577

CREDITORS

Amounts falling due after more than one
year

(143,700

)

NET LIABILITIES

(93,123

)

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

(93,223

)

SHAREHOLDERS' FUNDS

(93,123

)

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 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 30 March 2017 and were signed on its
behalf by:

R Barton - Director

C Butterworth - Director

R Colwell - 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.

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% straight line basis and 25% straight line basis

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

4,826

At 31 December 2016

4,826

DEPRECIATION

Charge for period

1,068

At 31 December 2016

1,068

NET BOOK VALUE

At 31 December 2016

3,758

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

50

A Ordinary

£1

50

25

B Ordinary

£1

25

C Ordinary

£1

25

100

The following shares were allotted and fully paid for cash at par during the period:

50 A Ordinary shares of £1 each

25 B Ordinary shares of £1 each

25 C Ordinary shares of £1 each

4.	GOING CONCERN

The directors have assessed the company's future projections and cash flow forecasts and believe that

the going concern basis of preparation is appropriate.