Revolution Running Limited
Unaudited Abbreviated Accounts
For the Period ended 31 October 2016
Company Registration No. 06873603 (England and Wales)
Revolution Running Limited
Contents
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
Revolution Running Limited
Abbreviated Balance Sheet
As at 31 October 2016
Page 1
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
5,355
-
Current assets
Stocks
54,947
35,337
Cash at bank and in hand
25,446
64,228
80,393
99,565
Creditors: amounts falling due within one year
(122,526)
(86,171)
Net current liabilities/(assets)
(42,133)
13,394
Total assets less current liabilities
(36,778)
13,394
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
(36,878)
13,294
Shareholders' funds
(36,778)
13,394
For the financial Period ended 31 October 2016 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 14 August 2017
M. Naimski
Director
Company Registration No. 06873603
Revolution Running Limited
Notes to the Abbreviated Accounts
For the Period ended 31 October 2016
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 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
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
Motor vehicles
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.
1.6
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
Revolution Running Limited
Notes to the Abbreviated Accounts (Continued)
For the Period ended 31 October 2016
Page 3
2
Fixed assets
Tangible assets
£
Cost
At 1 May 2015
4,532
Additions
5,950
At 31 October 2016
10,482
Depreciation
At 1 May 2015
4,532
Charge for the period
595
At 31 October 2016
5,127
Net book value
At 31 October 2016
5,355
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
100 Ordinary shares of £1 each
100
100