Company Registration No. SC303022 (Scotland)
ROCIO LTD
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 1 AUGUST 2015
ROCIO LTD
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
ROCIO LTD
ABBREVIATED BALANCE SHEET
AS AT
1 AUGUST 2015
01 August 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Intangible assets
2
9,856
4,779
Tangible assets
2
1,554
1,554
11,410
6,333
Current assets
Debtors
1
1
1
1
Creditors: amounts falling due within one year
(45,127)
(40,050)
Net current liabilities
(45,126)
(40,049)
Total assets less current liabilities
(33,716)
(33,716)
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
(33,816)
(33,816)
Shareholders' funds
(33,716)
(33,716)
For the financial year ended 1 August 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his 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 and authorised for issue on 29 April 2016
Mr H Menzies
Director
Company Registration No. SC303022
ROCIO LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 1 AUGUST 2015
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention.
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
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.
1.4
Patents
Patents are valued at cost less accumulated amortisation. Amortisation is calculated to write off the cost in equal annual instalments over their estimated useful lives.
1.5
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
1.6
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 2 August 2014 & at 1 August 2015
16,446
6,681
23,127
Depreciation
At 2 August 2014 & at 1 August 2015
6,590
5,127
11,717
Net book value
At 1 August 2015
9,856
1,554
11,410
At 1 August 2014
4,779
1,554
6,333
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
100 ordinary of £1 each
100
100