Company Registration No. 01619239 (England and Wales)
TAB BUSINESS MACHINES AND EQUIPMENT LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2015
TAB BUSINESS MACHINES AND EQUIPMENT LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
TAB BUSINESS MACHINES AND EQUIPMENT LIMITED
ABBREVIATED BALANCE SHEET
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
10,759
7,454
Current assets
Stocks
20,694
30,445
Debtors
96,509
73,615
Cash at bank and in hand
419
7,615
117,622
111,675
Creditors: amounts falling due within one year
(76,773)
(68,469)
Net current assets
40,849
43,206
Total assets less current liabilities
51,608
50,660
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
51,508
50,560
Shareholders' funds
51,608
50,660
For the financial year ended 31 May 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' 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 directors acknowledge their 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 26 February 2016
Mr V Patel
Mr N Changela
Director
Director
Company Registration No. 01619239
TAB BUSINESS MACHINES AND EQUIPMENT LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MAY 2015
- 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 April 2008).
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
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
Tangible assets
£
Cost
At 1 June 2014
55,493
Additions
5,995
At 31 May 2015
61,488
Depreciation
At 1 June 2014
48,039
Charge for the year
2,690
At 31 May 2015
50,729
Net book value
At 31 May 2015
10,759
At 31 May 2014
7,454
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
100 Ordinary shares of £1 each
100
100