Company Registration No. 08930702 (England and Wales)
ROBERT E CAMERON LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2016
ROBERT E CAMERON LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
ROBERT E CAMERON LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2016
31 March 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
2,453
1,827
Current assets
Debtors
80
-
Cash at bank and in hand
10,344
10,855
10,424
10,855
Creditors: amounts falling due within one year
(15,445)
(12,021)
Net current liabilities
(5,021)
(1,166)
Total assets less current liabilities
(2,568)
661
Capital and reserves
Called up share capital
3
2
2
Profit and loss account
(2,570)
659
Shareholders' funds
(2,568)
661
For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their 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 19 December 2016
Mrs Z Cameron
Director
Company Registration No. 08930702
ROBERT E CAMERON LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016
- 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
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
net of VAT and trade discounts.
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:
Fixtures, fittings & equipment
15% reducing balance
1.5
The accounts show a deficiency of shareholder's funds and show current liabilities in excess of current assets. The company relies on the support of its director to continue in operation. The continuity of this support forms the basis upon which the director considers that the company constitutes a going concern. The accounts have been prepared on this basis.
Note 9 to the financial statements shows payments of dividends contrary to the Companies Act 2006 and the director is liable to repay £2,520 in the event of the company being wound up.
2
Fixed assets
Tangible assets
£
Cost
At 1 April 2015
2,150
Additions
1,097
At 31 March 2016
3,247
Depreciation
At 1 April 2015
323
Charge for the period
471
At 31 March 2016
794
Net book value
At 31 March 2016
2,453
At 31 March 2015
1,827
ROBERT E CAMERON LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2016
- 3 -
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
2 Ordinary 'A' shares of £1 each
2
2
4
Related party relationships and transactions
Other transactions heading
At the balance sheet date Mr and Mrs Cameron's joint loan account was £438 in credit (2015: £394) at the balance sheet date.