Registered Number 08806662
THELMA AND CO LIMITED
Abbreviated Accounts
31 December 2014
Notes | 2014 | ||
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£ | |||
Current assets | |||
Debtors |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
( |
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Net current assets (liabilities) |
( |
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Total assets less current liabilities |
( |
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Total net assets (liabilities) |
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Capital and reserves | |||
Called up share capital |
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Profit and loss account |
( |
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Shareholders' funds |
( |
Approved by the Board on
And signed on their behalf by:
1 Accounting Policies
Basis of measurement and preparation of accounts
Turnover policy
Tangible assets depreciation policy
Depreciation is provided at annual rates in order to write off each asset over its estimated useful life.
Valuation information and policy
Monetary assets and liabilities in foreign currencies are translated at the rates of exchange ruling at
the balance sheet date, or, where applicable, agreed settlement rates. All exchange differences are
dealt with through the profit and loss account.
Deferred Taxation
Deferred tax arises as a result of including items of income and expenditure in taxation
computations in periods different from those in which they are included in the company's accounts.
Deferred tax is provided in full on timing differences which result in an obligation to pay more
(or less) tax at a future date, at the average tax rates that are expected to apply when the timing
differences reverse, based on current tax rates and laws. Deferred tax is not provided on timing
differences arising from the revaluation of assets where there is no commitment to sell the asset.
2 Transactions with directors
Name of director receiving advance or credit: |
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Description of the transaction: |
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Balance at 9 December 2013: | - | |
Advances or credits made: | £ |
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Advances or credits repaid: |
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Balance at 31 December 2014: | £ |