Registered Number 08831435

RETRO COMPUTERS LIMITED

Micro-entity Accounts

30 March 2016

RETRO COMPUTERS LIMITED Registered Number 08831435

Micro-entity Balance Sheet as at 30 March 2016

Notes 2016 2015
£ £
Current Assets 417,888 131,739
Creditors: amounts falling due within one year (363,006 ) (141,485 )
Net current assets (liabilities) 54,882 (9,746 )
Total assets less current liabilities 54,882 (9,746 )
Total net assets (liabilities) 54,882 (9,746 )
Capital and reserves 54,882 (9,746 )

  • For the year ending 30 March 2016 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
  • The accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 6 June 2017

And signed on their behalf by:
Dr David Levy, Director

RETRO COMPUTERS LIMITED Registered Number 08831435

Notes to the Micro-entity Accounts for the period ended 30 March 2016

1 Accounting Policies

Basis of measurement and preparation of accounts
This document was delivered using electronic communications and authenticated in accordance with the registrar’s rules relating to electronic form, authentication and manner of delivery under section 1072 of the Companies Act 2006.


Disclaimer

During the year to 31 March 2016 a dispute broke out amongst the directors. On April 8th 2016 two of the directors, Mr. P Andrews and Mr C Smith, resigned their directorships. The company documents they subsequently handed over to the company, including VAT and other accounting details and other financial data, were very incomplete, and insufficient to enable the company to prepare completely accurate accounts.

In an attempt to obtain the company’s relevant financial data and information for the year ending March 2016, the directors and the company’s solicitors have asked the company’s accountants during the period, Penny Foster Accounting Services Ltd., to provide such, but the request, made on at least three occasions, has been met with a refusal to hand over anything without a Court Order or a demand from the police. A letter from the accountants to this effect, dated 6 February 2017, reads as follows.

“Further to your email dated 3rd February 2017 requesting information and copies of internal correspondence from our former clients file. We have reviewed professional guidance on the release of information to third parties ad confirm that we will comply with the Police or Court order when it is served.”

The company therefore wrote to Companies House to ask for advice on how to deal with such a situation. The reply (Ref: COMP/08831435/JB) included the following advice.
 

“I am sorry to hear of the difficulties you are having in preparing your accounts but if the original documents are not available, records should be reconstructed from other sources
 e.g. from copies of bank statements. When firm figures are not available, estimated figures may have to be shown and if necessary, explanatory notes can be included in the accounts. It will be up to the directors (in conjunction with their accountant, if appropriate) to ensure that the accounts comply with the Companies Act and provide a true and fair view.

The company has therefore done its best, as advised by Companies House, to construct these accounts for the period from bank statements and such copy invoices as we have been able to obtain.

Because of the abovementioned lack of accounting information these accounts are the most accurate that the directors can present under the circumstances.


Signed,


David Levy

[Chairman]

June 6th 2017