Registration number:
Unaudited
Abbreviated Accounts
for the
Year Ended
Richer Pictures 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 4 ) have been prepared.
Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Richer Pictures Ltd.
for the Year Ended 29 February 2016
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Richer Pictures Ltd. for the year ended 29 February 2016 set out on the relevant pages from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Richer Pictures 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 Richer Pictures Ltd. and state those matters that we have agreed to state to them, as a body, in this report . To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Richer Pictures Ltd. and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Richer Pictures 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 profit of Richer Pictures Ltd.. You consider that Richer Pictures 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 Richer Pictures 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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Total Accounting Ltd.
Moncrieff House
10 Moncrieff Street
Paisley
Renfrewshire
PA3 2BE
1 September 2016
Richer Pictures Ltd.
(Registration number: 8882058)
Abbreviated Balance Sheet at 29 February 2016
Note |
29 February 2016
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28 February 2015
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Fixed assets |
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Intangible fixed assets |
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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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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Shareholders' funds |
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Approved by the Board on
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Richard Sean Harlow
Director
2
Richer Pictures Ltd.
Notes to the Abbreviated Accounts for the Year Ended 29 February 2016
......... continued
Accounting policies |
Basis of preparation
Turnover
Goodwill
Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.
Amortisation
Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over
their expected useful economic life as follows:
Asset class |
Amortisation method and rate |
Goodwill |
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Fixed assets |
Intangible assets
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Total
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Cost |
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At 1 March 2015 |
10,000 |
10,000 |
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At 29 February 2016 |
10,000 |
10,000 |
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Depreciation |
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At 1 March 2015 |
2,000 |
2,000 |
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Charge for the year |
2,000 |
2,000 |
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At 29 February 2016 |
4,000 |
4,000 |
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Net book value |
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At 29 February 2016 |
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At 28 February 2015 |
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Richer Pictures Ltd.
Notes to the Abbreviated Accounts for the Year Ended 29 February 2016
......... continued
Share capital |
Allotted, called up and fully paid shares
29 February 2016 |
28 February 2015 |
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No. |
£ |
No. |
£ |
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