Company Registration No. 03677499 (England and Wales)
Reececo Telecommunications Limited
Unaudited Abbreviated Financial Statements
For The Year Ended 30 April 2016
REECECO TELECOMMUNICATIONS LIMITED
Reececo Telecommunications Limited
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF REECECO TELECOMMUNICATIONS LIMITED FOR THE YEAR ENDED 30 APRIL 2016
- 1 -
The following reproduces the text of the Accountants' Report prepared in respect of the company's annual unaudited financial statements, from which the unaudited abbreviated financial statements set out on pages 2 to 4 have been prepared.
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of ReeceCo Telecommunications Limited for the year ended 30 April 2016 set out on pages 3 to 12 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://rulebook.accaglobal.com/.
This report is made solely to the Board of Directors of ReeceCo Telecommunications Limited, as a body, in accordance with the terms of our engagement letter
.
Our work has been undertaken solely to prepare for your approval the financial statements of ReeceCo Telecommunications Limited and state those matters that we have agreed to state to the Board of Directors of ReeceCo Telecommunications Limited, as a body, in this report in accordance with the requirements of the
Association of Chartered Certified Accountants
as detailed at http://www2.accaglobal.com/pubs/members/publications/technical_factsheets/downloads/163.doc. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than ReeceCo Telecommunications Limited and its Board of Directors as a body, for our work or for this report.
It is your duty to ensure that ReeceCo Telecommunications Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of ReeceCo Telecommunications Limited. You consider that ReeceCo Telecommunications Limited 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 financial statements of ReeceCo Telecommunications Limited. 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 financial statements.
Clark Howes Accountants Limited
Chartered Certified Accountants
12 January 2017
2 Minton Place
Victoria Road
Bicester
Oxfordshire
OX26 6QB
REECECO TELECOMMUNICATIONS LIMITED
Reececo Telecommunications Limited
ABBREVIATED BALANCE SHEET
AS AT
30 APRIL 2016
30 April 2016
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2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
1,143
1,181
Investments
2
250
250
1,393
1,431
Current assets
Debtors
57,619
89,029
Cash at bank and in hand
17,518
17,924
75,137
106,953
Creditors: amounts falling due within one year
(19,399)
(13,781)
Net current assets
55,738
93,172
Total assets less current liabilities
57,131
94,603
Provisions for liabilities
(228)
(236)
56,903
94,367
Capital and reserves
Called up share capital
3
300
300
Profit and loss account
56,603
94,067
Shareholders' funds
56,903
94,367
For the financial year ended 30 April 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 12 January 2017
Mr I Reece
Director
Company Registration No. 03677499
REECECO TELECOMMUNICATIONS LIMITED
Reececo Telecommunications Limited
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 APRIL 2016
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1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents the value, net of Value Added Tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers . Turnover is recognised when the goods are physically delivered to customers and when services are provided.
the value, net of Value Added Tax and discounts, of
goods
provided to customers
and
work carried out in respect of
services
provided to customers
.
Turnover is recognised when the goods are physically delivered to customers and when services are provided.
1.4
Tangible fixed assets and depreciation
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:
Computer equipment
33% straight line
1.5
Leasing
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
1.6
Investments
Fixed asset investments are stated at cost less provision for diminution in value
except where a revaluation policy is in place.
When a revaluation police is in place investments are valued at closing bid price at the balance sheet date and any gains or losses are recognised in the Profit and Loss Account or Statement of Total Recognised Gains and Losses in accordance with the revaluation policy.
1.7
Pensions
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.
1.8
Deferred taxation
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the financial statements and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing difference will reverse.
1.9
Foreign currency translation
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to
P
rofit and
L
oss
A
ccount.
REECECO TELECOMMUNICATIONS LIMITED
Reececo Telecommunications Limited
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2016
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2
Fixed assets
Tangible assets
Investments
Total
£
£
£
Cost
At 1 May 2015
2,721
250
2,971
Additions
1,631
-
1,631
Disposals
(2,721)
-
(2,721)
At 30 April 2016
1,631
250
1,881
Depreciation
At 1 May 2015
1,540
-
1,540
On disposals
(1,540)
-
(1,540)
Charge for the year
488
-
488
At 30 April 2016
488
-
488
Net book value
At 30 April 2016
1,143
250
1,393
At 30 April 2015
1,181
250
1,431
Holdings of more than 20%
The company holds more than 20% of the share capital of the following companies:
Company
Country of registration or
Shares held
incorporation
Class
%
Participating interests
Ambulance Response Services Limited
UK
Ordinary
25.00
The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:
Capital and reserves
Profit/(loss) for the year
2016
2016
Principal activity
£
£
Ambulance Response Services Limited
Ambulance services
1,000
(44,264)
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
300 Ordinary shares of £1 each
300
300