Registered Number 08831435
RETRO COMPUTERS LIMITED
Micro-entity Accounts
30 March 2016
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Current Assets |
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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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Total net assets (liabilities) |
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Capital and reserves |
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Approved by the Board on
And signed on their behalf by:
1 Accounting Policies
Basis of measurement and preparation of accounts
Disclaimer
During the year to 31 March 2016 a dispute broke out amongst the directors. On April 8th 2016 two of the directors, Mr. P Andrews and Mr C Smith, resigned their directorships. The company documents they subsequently handed over to the company, including VAT and other accounting details and other financial data, were very incomplete, and insufficient to enable the company to prepare completely accurate accounts.
In an attempt to obtain the company’s relevant financial data and information for the year ending March 2016, the directors and the company’s solicitors have asked the company’s accountants during the period, Penny Foster Accounting Services Ltd., to provide such, but the request, made on at least three occasions, has been met with a refusal to hand over anything without a Court Order or a demand from the police. A letter from the accountants to this effect, dated 6 February 2017, reads as follows.
“Further to your email dated 3rd February 2017 requesting information and copies of internal correspondence from our former clients file. We have reviewed professional guidance on the release of information to third parties ad confirm that we will comply with the Police or Court order when it is served.”
The company therefore wrote to Companies House to ask for advice on how to deal with such a situation. The reply (Ref: COMP/08831435/JB) included the following advice.
“I am sorry to hear of the difficulties you are having in preparing your accounts but if the original documents are not available, records should be reconstructed from other sources
e.g. from copies of bank statements. When firm figures are not available, estimated figures may have to be shown and if necessary, explanatory notes can be included in the accounts. It will be up to the directors (in conjunction with their accountant, if appropriate) to ensure that the accounts comply with the Companies Act and provide a true and fair view.
The company has therefore done its best, as advised by Companies House, to construct these accounts for the period from bank statements and such copy invoices as we have been able to obtain.
Because of the abovementioned lack of accounting information these accounts are the most accurate that the directors can present under the circumstances.
Signed,
David Levy
[Chairman]
June 6th 2017