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RELIC LTD




Company Registration Number:
05056749 (England and Wales)



Abbreviated (Unaudited) Accounts



Period of accounts


Start date: 26th February 2009

End date: 25th February 2010

SUBMITTED

RELIC LTD

Company Information
for the Period Ended
25th February 2010




Director: Mr Peter Byford
Company secretary: Mr Alan Byford
Registered office: 12 Charney Avenue
Abingdon
Oxfordshire
OX14 2NZ
Company Registration Number: 05056749 (England and Wales)

RELIC LTD

Abbreviated Balance sheet
As at 25th February 2010

Notes 2010
£
2009
£
Fixed assets
Tangible assets: 2 527 305
Total fixed assets: 527 305
Current assets
Cash at bank and in hand: 7,334 2,255
Total current assets: 7,334 2,255
Creditors
Net current assets (liabilities): 7,334 2,255
Total assets less current liabilities: 7,861 2,560
Total net assets (liabilities): 7,861 2,560

The notes form part of these financial statements

RELIC LTD

Abbreviated Balance sheet
As at 25th February 2010
continued

Notes 2010
£
2009
£
Capital and reserves
Called up share capital: 3 1 1
Profit and Loss account: 7,860 2,559
Total shareholders funds: 7,861 2,560

For the year ending 25 February 2010 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

The financial statements were approved by the Board of Directors on 25 November 2010

SIGNED ON BEHALF OF THE BOARD BY:

Name: Mr Peter Byford
Status: Director

The notes form part of these financial statements

RELIC LTD

Notes to the Abbreviated Accounts
for the Period Ended
25th February 2010

  • 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 April 2008).

    Turnover policy

    The turnover shown in the profit and loss account represents revenue earned during the period, exclusive of VAT.

    Tangible fixed assets depreciation policy

    Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Plant and Machinery - 25% on reducing balance.

    Intangible fixed assets amortisation policy

    Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives, not to exceed twenty years. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

    Valuation information and policy

    Stocks and work -in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

  • 2. Tangible assets

    Total
    Cost £
    At 26th February 2009: 305
    Additions: 398
    At 25th February 2010: 703
    Depreciation
    Charge for year: 176
    At 25th February 2010: 176
    Net book value
    At 25th February 2010: 527
    At 25th February 2009: 305

  • 3. Called up share capital

    Allotted, called up and paid

    Previous period 2009
    Class Number of shares Nominal value per share Total
    Ordinary shares: 1 1 1
    Total share capital: 1
    Current period 2010
    Class Number of shares Nominal value per share Total
    Ordinary shares: 1 1 1
    Total share capital: 1