Taunton Tile & Bathroom Centre Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 03717567 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 June 2014

for

Taunton Tile & Bathroom Centre Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

S W H Fuller

Mrs D D Fuller

REGISTERED OFFICE:

115 South Road

Taunton

Somerset

TA1 3EA

BUSINESS ADDRESS:

Unit 16

Livingstone Way

Bindon Road

Taunton

Somerset

TA2 6BD

REGISTERED NUMBER:

03717567 (England and Wales)

ACCOUNTANTS:

Phillips Dinnes Limited

Chartered Accountants

Incorporating Patricia Todd

115 South Road

Taunton

Somerset

TA1 3EA

FIXED ASSETS

Intangible assets

2

250,000

250,000

Tangible assets

3

2

2

250,002

250,002

CURRENT ASSETS

Stocks

-

4,000

Debtors

262

1,001

Cash at bank

1,539

1,315

1,801

6,316

CREDITORS

Amounts falling due within one year

145,428

146,884

NET CURRENT LIABILITIES

(143,627

)

(140,568

)

TOTAL ASSETS LESS CURRENT LIABILITIES

106,375

109,434

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

106,275

109,334

SHAREHOLDERS' FUNDS

106,375

109,434

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 11 February 2015 and were signed on its behalf by:

S W H Fuller - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in

accordance with the Financial Reporting Standard for Smaller Entities (effective April

2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill

Acquired goodwill is not being written off.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on cost

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due

allowance for obsolete and slow moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but

not reversed at the balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a

straight line basis over the period of the lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2013

and 30 June 2014

250,000

NET BOOK VALUE

At 30 June 2014

250,000

At 30 June 2013

250,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2013

and 30 June 2014

22,755

DEPRECIATION

At 1 July 2013

and 30 June 2014

22,753

NET BOOK VALUE

At 30 June 2014

2

At 30 June 2013

2

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.14

30.6.13

value:

£

£

100

Ordinary

£1

100

100