Company Registration No. 07060208 (England and Wales)
THAMES AND NEWCASTLE LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2014
THAMES AND NEWCASTLE LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
THAMES AND NEWCASTLE LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 OCTOBER 2014
31 October 2014
- 1 -
2014
2013
Notes
£
£
£
£
Fixed assets
Tangible assets
2
16,809
22,410
Current assets
Debtors
1,013,190
453,089
Cash at bank and in hand
341,062
150,969
1,354,252
604,058
Creditors: amounts falling due within one year
(851,746)
(507,189)
Net current assets
502,506
96,869
Total assets less current liabilities
519,315
119,279
Creditors: amounts falling due after more than one year
(4,400)
(6,336)
514,915
112,943
Capital and reserves
Called up share capital
3
1,005
1,000
Profit and loss account
513,910
111,943
Shareholders' funds
514,915
112,943
For the financial year ended 31 October 2014 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 30 July 2015
Mr S Leask
Director
Company Registration No. 07060208
THAMES AND NEWCASTLE LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 2014
- 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:
Plant and machinery
25% on reducing balance
Fixtures, fittings & equipment
25% on reducing balance
Motor vehicles
25% on reducing balance
1.5
Long term contracts
Amounts recoverable on long term contracts, which are included in debtors, are stated at the net sales value of the work done after provision for contingencies and anticipated future losses on contracts, less amounts received as progress payments on account. Excess progress payments are included in creditors as payments on account.
1.6
Pensions
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.
2
Fixed assets
Tangible assets
£
Cost
At 1 November 2013 & at 31 October 2014
35,137
Depreciation
At 1 November 2013
12,725
Charge for the year
5,603
At 31 October 2014
18,328
Net book value
At 31 October 2014
16,809
At 31 October 2013
22,410
THAMES AND NEWCASTLE LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2014
- 3 -
3
Share capital
2014
2013
£
£
Allotted, called up and fully paid
1,000 Ordinary shares of £1 each
1,000
1,000
5 Ordinary B/C/D shares of £1 each
5
-
1,005
1,000
The Ordinary B,C and D shares are as follows:
2 Ordinary B shares of £1 each
2 Ordinary C shares of £1 each
1 Ordinary D share of £1