Registered Number 07885342
REBUILDINGSOCIETY.COM LTD
Abbreviated Accounts
31 December 2014
Notes | 2014 | 2013 | |
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£ | £ | ||
Fixed assets | |||
Tangible assets | 2 |
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Investments | 3 |
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Current assets | |||
Stocks |
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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 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 | 4 |
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Share premium account |
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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
Turnover policy
The amount reported as revenue is the fair value of the right to consideration - usually the price specified in the contractual arrangement net of discounts and net of VAT, and after any allowance for credit risk and other uncertainties. In respect of each principal income stream the specific recognition policy is:
Loan Arrangement Fees: income is recognised when a loan is made to a borrower
Licence Fees (for software): income is recognised when all of the following conditions are met - an agreement has been made with a client, delivery of the software has occurred, the fee for the licence has been determined and collectability of the fee is probable.
Software build & customisation fees: income is recognised over the course of each contract as the company obtains a right to consideration for work done.
Tangible assets depreciation policy
Equipment, fixtures and fittings 20-33% per annum on cost
Development costs 20% per annum on cost
Other accounting policies
Stock and work in progress is valued at the lower of cost and estimated net realisable value.
Investments
Investments are stated at cost less any provision for diminution in value
£ | |
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Cost | |
At 1 January 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 December 2014 |
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Depreciation | |
At 1 January 2014 |
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Charge for the year |
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On disposals |
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At 31 December 2014 |
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Net book values | |
At 31 December 2014 | 131,180 |
At 31 December 2013 | 72,962 |
3
Fixed assets Investments