Registered Number SC276898
RETRO FUNFAIRS LIMITED
Abbreviated Accounts
31 March 2015
Notes | 2015 | 2014 | |
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£ | £ | ||
Fixed assets | |||
Tangible assets | 2 |
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Current assets | |||
Debtors |
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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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Creditors: amounts falling due after more than one year |
( |
( |
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Total net assets (liabilities) |
( |
( |
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Capital and reserves | |||
Called up share capital | 3 |
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Profit and loss account |
( |
( |
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Shareholders' funds |
( |
( |
Approved by the Board on
And signed on their behalf by:
1 Accounting Policies
Basis of measurement and preparation of accounts
Turnover policy
Tangible assets depreciation policy
Plant and machinery 15% reducing balance
Other accounting policies
Although the balance sheet is in deficit by £33,905, included in liabilities are two loan accounts with two of the director's other businesses of £34,374 and a directors loan account of £5,835. The director has given his assurance that the loans will not be repaid within the next accounting period to the extent that it would prejudice the company's ability to continue trading. On this basis, the director considers it appropriate to prepare the financial statements on the going concern basis.
£ | |
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Cost | |
At 1 April 2014 |
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Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 31 March 2015 |
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Depreciation | |
At 1 April 2014 |
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Charge for the year |
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On disposals |
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At 31 March 2015 |
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Net book values | |
At 31 March 2015 | 2,841 |
At 31 March 2014 | 3,342 |