Micro-entity Accounts - RAPTIS ENGINEERING LIMITED

Micro-entity Accounts - RAPTIS ENGINEERING LIMITED


Registered Number 10158270

RAPTIS ENGINEERING LIMITED

Micro-entity Accounts

28 February 2017

RAPTIS ENGINEERING LIMITED Registered Number 10158270

Micro-entity Balance Sheet as at 28 February 2017

Notes 2017
£
Current assets
Cash at bank and in hand 12,668
12,668
Net current assets (liabilities) 12,668
Total assets less current liabilities 12,668
Creditors: amounts falling due after more than one year (3,344)
Total net assets (liabilities) 9,324
Capital and reserves
Called up share capital 1
Profit and loss account 9,323
Shareholders' funds 9,324
  • For the year ending 28 February 2017 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
  • The accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 10 October 2017

And signed on their behalf by:
Andrew David Raptis, Director

RAPTIS ENGINEERING LIMITED Registered Number 10158270

Notes to the Micro-entity Accounts for the period ended 28 February 2017

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added tax. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.