Company Registration No. 02500901 (England and Wales)
TYRONETTE MANUFACTURING LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2015
TYRONETTE MANUFACTURING LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
TYRONETTE MANUFACTURING LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 JUNE 2015
30 June 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
495,652
505,915
Current assets
Debtors
18,921
23
Cash at bank and in hand
474,002
410,957
492,923
410,980
Creditors: amounts falling due within one year
(400,534)
(208,617)
Net current assets
92,389
202,363
Total assets less current liabilities
588,041
708,278
Capital and reserves
Called up share capital
3
40,000
40,000
Profit and loss account
548,041
668,278
Shareholders' funds
588,041
708,278
For the financial year ended 30 June 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 27 October 2015
M.H. Green
Director
Company Registration No. 02500901
TYRONETTE MANUFACTURING LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 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
Turnover
Turnover represents amounts receivable for services net of VAT and trade discounts.
1.3
Tangible fixed assets and depreciation
Tangible fixed assets other than freehold land 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:
Freehold buildings
2% Straight line method
1.4
Deferred taxation
Deferred tax is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes.
2
Fixed assets
Tangible assets
£
Cost
At 1 July 2014 & at 30 June 2015
684,144
Depreciation
At 1 July 2014
178,229
Charge for the year
10,263
At 30 June 2015
188,492
Net book value
At 30 June 2015
495,652
At 30 June 2014
505,915
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
40,000 Ordinary shares of £1 each
40,000
40,000