Registered Number 06486328
RETAIL TECHNOLOGY SOLUTIONS LIMITED
Abbreviated Accounts
30 June 2015
Notes | 2015 | 2014 | |
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£ | £ | ||
Fixed assets | |||
Tangible assets | 2 |
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Current assets | |||
Debtors |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
( |
( |
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Net current assets (liabilities) |
( |
( |
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Total assets less current liabilities |
( |
( |
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Provisions for liabilities |
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( |
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Total net assets (liabilities) |
( |
( |
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Capital and reserves | |||
Called up share capital | 3 |
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Profit and loss account |
( |
( |
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Shareholders' funds |
( |
( |
Approved by the Board on
And signed on their behalf by:
1 Accounting Policies
Basis of measurement and preparation of accounts
Turnover policy
Tangible assets depreciation policy
Office equipments - 15% straight line
Other accounting policies
The pension costs charged in the financial statements represent the contribution payable by the company during the period.
Going concern
In accordance with his responsibilities the director has considered the appropriateness of the going concern bass for the preparation of the financial statements. In forming his view, he has considered a period of at least 12 months from the date of approval of the financial statements.
The company made a profit for the year ended 30 June 2015 but has deficiency of assets as at that date. The director jas undertaken some restructuring during the year, which have contributed to the profit and is satisfied that this will enable the company will be able to meet its obligations.
In considering the longer term and the fact that the company has been looking at diversification of its core business activities, the director forecasts that the company will be profitable. Profitability is dependent on a number of factors both within and out the company’s control but the director will always seek to increase income while reducing costs.
Accordingly, the director considers it appropriate to prepare the financial statements on a going concern basis. Should the assumptions above prove to be invalid, the going concern basis may be invalid and accordingly adjustments may have to be made to reduce the value of the assets to their realisable amounts, to provide for any further liabilities which might arise and to reclassify all fixed assets and long term liabilities as current assets and liabilities respectively.
£ | |
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Cost | |
At 1 July 2014 |
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Additions |
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Disposals |
( |
Revaluations |
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Transfers |
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At 30 June 2015 |
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Depreciation | |
At 1 July 2014 |
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Charge for the year |
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On disposals |
( |
At 30 June 2015 |
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Net book values | |
At 30 June 2015 | 0 |
At 30 June 2014 | 1,668 |