Company Registration No. 04255771 (England and Wales)
TERREW MANAGEMENT LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2014
TERREW MANAGEMENT LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
TERREW MANAGEMENT LIMITED
ABBREVIATED BALANCE SHEET
- 1 -
2014
2013
Notes
£
£
£
£
Fixed assets
Tangible assets
2
2,637
1,954
Current assets
Debtors
32,805
35,296
Cash at bank and in hand
14,697
21,395
47,502
56,691
Creditors: amounts falling due within one year
(23,322)
(25,002)
Net current assets
24,180
31,689
Total assets less current liabilities
26,817
33,643
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
26,717
33,543
Shareholders' funds
26,817
33,643
For the financial year ended 31 July 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges her 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 2 February 2015
Mrs T Pitman
Director
Company Registration No. 04255771
TERREW MANAGEMENT LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JULY 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:
Fixtures, fittings & equipment
20% on reducing balance
2
Fixed assets
Tangible assets
£
Cost
At 1 August 2013
6,719
Additions
1,343
At 31 July 2014
8,062
Depreciation
At 1 August 2013
4,765
Charge for the year
660
At 31 July 2014
5,425
Net book value
At 31 July 2014
2,637
At 31 July 2013
1,954
3
Share capital
2014
2013
£
£
Allotted, called up and fully paid
100 Authorised of £1 each
100
100
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