Revolution Running Limited
Unaudited Abbreviated Accounts
For the year ended 30 April 2015
Company Registration No. 06873603 (England and Wales)
Revolution Running Limited
Contents
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
Revolution Running Limited
Abbreviated Balance Sheet
As at 30 April 2015
Page 1
2015
2014
Notes
£
£
£
£
Current assets
Stocks
35,337
-
Debtors
-
439
Cash at bank and in hand
64,228
584
99,565
1,023
Creditors: amounts falling due within one year
(86,171)
(107,404)
Total assets less current liabilities
13,394
(106,381)
Capital and reserves
Called up share capital
2
100
100
Profit and loss account
13,294
(106,481)
Shareholders' funds
13,394
(106,381)
For the financial year ended 30 April 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit.
The director acknowledges his 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 28 January 2016
M. Naimski
Director
Company Registration No. 06873603
Revolution Running Limited
Notes to the Abbreviated Accounts
For the year ended 30 April 2015
Page 2
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 April 2008).
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
Trademarks
Trademarks are valued at cost less accumulated amortisation. Amortisation is calculated to write off the cost in equal annual instalments over their estimated useful lives.
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:
Exhibition equipment
Straight line over 5 years
Computer equipment
Straight line over 5 years
Fixtures, fittings & equipment
Straight line over 5 years
Website development costs
Straight line over 5 years
1.5
Stock
Stock is valued at the lower of cost and net realisable value.
2
Share capital
2015
2014
£
£
Allotted, called up and fully paid
100 Ordinary shares of £1 each
100
100