Registered Number SC472766
ROFSIE LIMITED
Abbreviated Accounts
31 March 2016
Notes | 2016 | 2015 | |
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£ | £ | ||
Fixed assets | |||
Tangible assets | 2 |
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Investments | 3 |
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Current assets | |||
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 assets (liabilities) |
|
|
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Total assets less current liabilities |
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|
|
Provisions for liabilities |
( |
( |
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Total net assets (liabilities) |
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Capital and reserves | |||
Called up share capital | 4 |
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Profit and loss account |
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Shareholders' funds |
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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
The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Turnover policy
Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets less their estimated residual value, over their expected useful lives on the following basis:
Equipment - 25% straight line
Other accounting policies
Investments are stated at cost less provision for any permanent diminution in value. For listed investments, market value is based on the closing market price.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange prevailing at the accounting date.
Transactions in foreign currencies are recorded at the date of the transactions. All differences are taken to the profit and loss account.
Deferred taxation
Provision is made for taxation deferred on the incremental liability approach in respect of all timing differences between the incidence of income and expenditure for taxation and accounts purposes that have originated but not reversed at the balance sheet date.
Pensions
The company operates a defined contribution pension scheme and the pension charge represents the amounts paid by the company to the fund in respect of the year.
£ | |
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Cost | |
At 1 April 2015 |
|
Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 31 March 2016 |
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Depreciation | |
At 1 April 2015 |
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Charge for the year |
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On disposals |
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At 31 March 2016 |
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Net book values | |
At 31 March 2016 | 1,341 |
At 31 March 2015 | 556 |
3
Fixed assets Investments
Listed investments and cash
Listed investments
Market value as at 31 March 2015 - -
Additions at cost 49,758 -
Impairment (762) -
Market value as at 31 March 2016 48,996 -
Cash held by investment managers 20,215 -
69,211 -
Cost of listed investments 49,758 -
Unlisted
As at 31 March 2015/16 40 40