Tazza Design Limited ABBREVIATED ACCOUNTS COVER
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Company No. 02127924
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Tazza Design Limited ABBREVIATED BALANCE SHEET
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at
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Company No.
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Notes
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2015
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2014
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£
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£
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Fixed assets
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Tangible assets
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2
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Current assets
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Stocks
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Debtors
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Cash at bank and in hand
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(
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(
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Creditors: Amounts falling due within one year
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(
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(
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Net current liabilities
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(
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(
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Total assets less current liabilities
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(
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(
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Creditors: Amounts falling due after more than one year
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(
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(
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Net liabilities
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(
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(
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Capital and reserves
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Called up share capital
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3
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Profit and loss account
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(
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(
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Shareholder's funds
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(
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(
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Approved by the board on 26 December 2016
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And signed on its behalf by:
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M.W. Hill
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Director
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26 December 2016
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Tazza Design Limited NOTES TO THE ABBREVIATED ACCOUNTS
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for the year ended 31 December 2015
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1
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Accounting policies
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Going concern
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The company's future operation is dependent on the continuing support of its director and bankers. The company has operated within its banking facilities, and continues to do so. Its director has undertaken to support the company for a period of not less than twelve months from the date of approval of these accounts. The going concern accounting convention has therefore been adopted.
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Basis of preparation
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Turnover
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Tangible fixed assets and depreciation
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Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:
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Plant and machinery
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Furniture, fittings and equipment
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Intangible fixed assets and amortisation
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Stocks
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Deferred taxation
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Deferred tax is provided in full on timing differences which result in an obligation to pay more (or a right to pay less) tax at a future date, at the tax rates that are expected to apply when the timing differences reverse, based upon current tax rates and laws. Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset. Deferred tax assets are recognised to the extent that it is regarded as more likely than not that they will be recovered. Deferred tax assets and liabilities are not discounted. |
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Leased assets
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2
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Fixed assets
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Tangible fixed assets
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Total
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£
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£
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Cost or revaluation
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At 1 January 2015
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85,208
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At 31 December 2015
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85,208
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Amortisation
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At 1 January 2015
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83,094
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Charge for the year
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519
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At 31 December 2015
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83,613
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Net book values
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At 31 December 2015
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1,595
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At 31 December 2014
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2,114
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3
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Share Capital
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Nominal value
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2015
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2015
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2014
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£
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Number
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£
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£
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Allotted, called up and fully paid:
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32,500
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32,500
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