Registration number:
Unaudited Abbreviated Accounts
for the Year Ended
Red and Yellow Ltd
Contents
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The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 6 ) have been prepared.
Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Red and Yellow Ltd
for the Year Ended 31 December 2015
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Red and Yellow Ltd for the year ended 31 December 2015 set out on pages 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://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html .
This report is made solely to the Board of Directors of Red and Yellow Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Red and Yellow Ltd and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Red and Yellow Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Red and Yellow Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Red and Yellow Ltd. You consider that Red and Yellow Ltd 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 accounts of Red and Yellow Ltd. 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 accounts.
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Tahas
Certified Accountants & Tax Advisors
Suite 2
4 Town Quay Wharaf
Barking
Essex
IG11 7BZ
Date:.............................
Red and Yellow Ltd
(Registration number: 07051667)
Abbreviated Balance Sheet at 31 December 2015
Note |
31 December 2015
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31 December 2014
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Fixed assets |
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Tangible fixed assets |
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Investments |
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Current assets |
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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 |
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Net current (liabilities)/assets |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
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Net liabilities |
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Capital and reserves |
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Called up share capital |
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Share premium account |
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Profit and loss account |
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Shareholders' deficit |
( |
( |
Approved by the Board on
2
Red and Yellow Ltd
(Registration number: 07051667)
Abbreviated Balance Sheet at 31 December 2015
......... continued
.........................................
Mr David Charles Boulter
Director
3
Red and Yellow Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 December 2015
......... continued
Accounting policies |
Basis of preparation
Going concern
The financial statements have been prepared on a going concern basis. Due to the nature of the business the consultancy services provided by the company to its subsidiaries are not chargeable until a later date. The directors consider that the company has enough sources of finance to operate the company.
Turnover
Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Depreciation method and rate |
Fixtures & fittings |
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Office equipment |
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Fixed asset investments
Hire purchase and leasing
Financial instruments
Red and Yellow Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 December 2015
......... continued
Fixed assets |
Tangible assets
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Investments
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Total
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Cost |
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At 1 January 2015 |
44,659 |
32,246 |
76,905 |
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Additions |
3,716 |
5,088 |
8,804 |
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At 31 December 2015 |
48,375 |
37,334 |
85,709 |
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Depreciation |
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At 1 January 2015 |
31,702 |
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31,702 |
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Charge for the year |
8,337 |
- |
8,337 |
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At 31 December 2015 |
40,039 |
- |
40,039 |
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Net book value |
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At 31 December 2015 |
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At 31 December 2014 |
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Details of undertakings |
Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:
Undertaking |
Country of incorporation |
Holding |
Proportion of voting rights and shares held |
Principal activity |
Subsidiary undertakings |
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Ordinary |
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Ordinary |
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Ordinary |
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Ordinary |
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Ordinary |
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Ordinary |
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Ordinary |
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Ordinary |
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Ordinary |
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Ordinary |
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Red and Yellow Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 December 2015
......... continued
Share capital |
Allotted, called up and fully paid shares
31 December 2015 |
31 December 2014 |
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No. |
£ |
No. |
£ |
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Control |
The company is controlled by