Company Registration No. 07966280 (England and Wales)
RAYMOND CLEGG ECHO LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2016
RAYMOND CLEGG ECHO LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
RAYMOND CLEGG ECHO LIMITED
ABBREVIATED BALANCE SHEET
AS AT
28 FEBRUARY 2016
28 February 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Intangible assets
2
8,000
8,000
Tangible assets
2
2,176
2,720
10,176
10,720
Current assets
Debtors
6,240
30,669
Cash at bank and in hand
15,872
9,526
22,112
40,195
Creditors: amounts falling due within one year
(31,921)
(11,846)
Net current liabilities/(assets)
(9,809)
28,349
Total assets less current liabilities
367
39,069
Capital and reserves
Called up share capital
3
2
2
Profit and loss account
365
39,067
Shareholders' funds
367
39,069
For the financial year ended 28 February 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's 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 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 for issue on 23 March 2016
Mr R Clegg
Director
Company Registration No. 07966280
RAYMOND CLEGG ECHO LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 28 FEBRUARY 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.
1.4
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.
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
20% reducing balance
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 March 2015 & at 28 February 2016
8,000
5,469
13,469
Depreciation
At 1 March 2015
-
2,749
2,749
Charge for the year
-
544
544
At 28 February 2016
-
3,293
3,293
Net book value
At 28 February 2016
8,000
2,176
10,176
At 28 February 2015
8,000
2,720
10,720
RAYMOND CLEGG ECHO LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2016
- 3 -
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
1 Ordinary of £1 each
1
1
1 Ordinary A of £1 each
1
1
2
2