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ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 5 APRIL 2015 |
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REDWOLF AIRSOFT UK LTD |
REGISTERED NUMBER:
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ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 5 APRIL 2015 |
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FOR |
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REDWOLF AIRSOFT UK LTD |
REDWOLF AIRSOFT UK LTD (REGISTERED NUMBER: 04562514) |
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CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 5 APRIL 2015 |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 4 |
REDWOLF AIRSOFT UK LTD |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 5 APRIL 2015 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
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REDWOLF AIRSOFT UK LTD (REGISTERED NUMBER: 04562514) |
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ABBREVIATED BALANCE SHEET |
5 APRIL 2015 |
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2015 | 2014 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
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CURRENT ASSETS |
Stocks |
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Debtors |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 3 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
3 |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 4 |
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Profit and loss account |
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SHAREHOLDERS' FUNDS |
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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. |
REDWOLF AIRSOFT UK LTD (REGISTERED NUMBER: 04562514) |
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ABBREVIATED BALANCE SHEET - continued |
5 APRIL 2015 |
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The financial statements were approved by the Board of Directors on
its behalf by: |
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REDWOLF AIRSOFT UK LTD (REGISTERED NUMBER: 04562514) |
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NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 5 APRIL 2015 |
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1. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
There are no material uncertainties that may cast significant doubt about the company's ability to |
continue as a going concern. |
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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 April 2008). |
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Exemption from preparing a cash flow statement |
Exemption has been taken from preparing a cash flow statement on the grounds that the company |
qualifies as a small company. |
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Turnover |
Turnover represents net invoiced sales of goods, excluding value added tax. |
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Invoices are raised when the goods are despatched to the customer. |
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Tangible fixed assets |
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Fixtures and fittings | - |
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Computer equipment | - |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for |
obsolete and slow moving items. |
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Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at |
the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of |
exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at |
the operating result. |
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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. |
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Pension costs and other post-retirement benefits |
The company pays contributions into the directors' individual defined contribution pension schemes. |
Contributions payable are charged to the profit and loss account in the period to which they relate. |
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Going concern |
There are no material uncertainties that may cast significant doubt about the company’s ability to |
continue as a going concern. |
REDWOLF AIRSOFT UK LTD (REGISTERED NUMBER: 04562514) |
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NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 5 APRIL 2015 |
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2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 6 April 2014 |
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Additions |
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At 5 April 2015 |
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DEPRECIATION |
At 6 April 2014 |
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Charge for year |
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At 5 April 2015 |
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NET BOOK VALUE |
At 5 April 2015 |
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At 5 April 2014 |
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3. | CREDITORS |
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Creditors include an amount of £
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4. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2015 | 2014 |
value: | £ | £ |
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Ordinary | £1 |
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5. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
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The following advances and credits to directors subsisted during the year ended 5 April 2015 and the |
period ended 5 April 2014: |
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2015 | 2014 |
£ | £ |
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Balance outstanding at start of year |
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Amounts advanced |
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Amounts repaid | ( |
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Balance outstanding at end of year |
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Balance outstanding at start of year |
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Amounts advanced |
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Amounts repaid | ( |
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Balance outstanding at end of year |
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Interest is being charged at the HM Revenue & Customs official rate, and there are no fixed repayment |
terms. |
REDWOLF AIRSOFT UK LTD (REGISTERED NUMBER: 04562514) |
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NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 5 APRIL 2015 |
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6. | ULTIMATE CONTROLLING PARTY |
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The controlling party is
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As last year, the company is a 55% subsidiary of Redwolf Airsoft Specialist Limited which is |
incorporated in Hong Kong. Redwolf Airsoft Specialist Ltd is owned equally by 2 parties; Mr |
Christopher Pun Chi Lai and Ace and Ace Ltd. The company has been unable to identify the |
beneficiaries of Active Pro Asia Ltd and therefore cannot establish the existence or otherwise of any |
ultimate controlling party. |