Abbreviated Company Accounts - TONY TIERNEY LTD

SC448987 TONY TIERNEY LTD 2014-10-31 false 2013-05-01 2014-10-31 true SC448987 2013-05-01 2014-10-31 SC448987 2014-10-31 SC448987 uk-gaap-cd-bus:Director1 2013-05-01 2014-10-31 SC448987 uk-gaap-cd-bus:Director2 2013-05-01 2014-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-05-01 2014-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-10-31 uk-gaap-cd-bus:OrdinaryShareClass2 2013-05-01 2014-10-31 uk-gaap-cd-bus:OrdinaryShareClass2 2014-10-31 iso4217:GBP shares

Registered Number SC448987

TONY TIERNEY LTD

Abbreviated Accounts

31 October 2014

TONY TIERNEY LTD Registered Number SC448987

Abbreviated Balance Sheet as at 31 October 2014

	Notes	2014
		£
Fixed assets
Intangible assets	2	76,962
Tangible assets	3	667
		77,629
Current assets
Debtors		231
Cash at bank and in hand		994
		1,225
Creditors: amounts falling due within one year		(82,030)
Net current assets (liabilities)		(80,805)
Total assets less current liabilities		(3,176)
Total net assets (liabilities)		(3,176)
Capital and reserves
Called up share capital	4	100
Profit and loss account		(3,276)
Shareholders' funds		(3,176)

For the year ending 31 October 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 26 January 2015

And signed on their behalf by:
Brian Anthony Tierney, Director

TONY TIERNEY LTD Registered Number SC448987

Notes to the Abbreviated Accounts for the period ended 31 October 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts are prepared under the historical cost convention and comply with financial reporting standards of the Accounting Standards Board.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the period.

Tangible assets depreciation policy
Fixtures, Fittings & equipment - 33.33% reducing balance

Intangible assets amortisation policy
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of 10 years.

Other accounting policies
The company adopted Financial Reporting Standard 19 'Deferred Taxation' during the financial period.
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more, tax.

2Intangible fixed assets

	£
Cost
Additions	82,500
Disposals	-
Revaluations	-
Transfers	-
At 31 October 2014	82,500
Amortisation
Charge for the year	5,538
On disposals	-
At 31 October 2014	5,538
Net book values
At 31 October 2014	76,962

3Tangible fixed assets

	£
Cost
Additions	1,000
Disposals	-
Revaluations	-
Transfers	-
At 31 October 2014	1,000
Depreciation
Charge for the year	333
On disposals	-
At 31 October 2014	333
Net book values
At 31 October 2014	667

4Called Up Share Capital
Allotted, called up and fully paid:

	2014 £
50 A Ordinary shares of £1 each	50
50 B Ordinary shares of £1 each	50