Company Registration No. 07543275 (England and Wales)
G TIMLIN ROOFING LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2015
G TIMLIN ROOFING LIMITED
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 4
G TIMLIN ROOFING LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2015
31 March 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Intangible assets
2
10,500
12,000
Tangible assets
2
45,786
16,472
56,286
28,472
Current assets
Stocks
16,000
22,210
Debtors
14,208
27,283
Cash at bank and in hand
12,234
12,197
42,442
61,690
Creditors: amounts falling due within one year
(56,812)
(68,665)
Net current liabilities
(14,370)
(6,975)
Total assets less current liabilities
41,916
21,497
Creditors: amounts falling due after more than one year
(13,650)
-
Provisions for liabilities
(9,144)
(2,112)
19,122
19,385
Capital and reserves
Called up share capital
3
2
2
Profit and loss account
19,120
19,383
Shareholders' funds
19,122
19,385
G TIMLIN ROOFING LIMITED
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2015
31 March 2015
- 2 -
For the financial year ended 31 March 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 30 October 2015
G Timlin
K Timlin
Director
Director
Company Registration No. 07543275
G TIMLIN ROOFING LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2015
- 3 -
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
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.
1.5
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
15% Reducing balance
Motor vehicles
15% Reducing balance
1.6
Stock and work in progress
Stock and work in progress are valued at the lower of cost and net realisable value.
1.7
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
G TIMLIN ROOFING LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2015
- 4 -
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 April 2014
15,000
21,158
36,158
Additions
-
37,393
37,393
At 31 March 2015
15,000
58,551
73,551
Depreciation
At 1 April 2014
3,000
4,686
7,686
Charge for the year
1,500
8,079
9,579
At 31 March 2015
4,500
12,765
17,265
Net book value
At 31 March 2015
10,500
45,786
56,286
At 31 March 2014
12,000
16,472
28,472
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
2 Ordinary shares of £1 each
2
2