TEL CONSTRUCTIONS LIMITED - Abbreviated accounts

TEL CONSTRUCTIONS LIMITED - Company Information

Registered number

08539531

TEL CONSTRUCTIONS LIMITED

Abbreviated Accounts

31 May 2014

TEL CONSTRUCTIONS LIMITED
Registered number:		08539531
Abbreviated Balance Sheet
as at 31 May 2014

Notes			2014
£
Current assets
Stocks		2,850
Cash at bank and in hand		316
		3,166

Creditors: amounts falling due within one year		(2,595)

Net current assets			571

Net assets			571

Capital and reserves
Called up share capital	2		100
Profit and loss account			471

Shareholder's funds			571

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



Kuljeet Singh
Director
Approved by the board on 20 February 2015

TEL CONSTRUCTIONS LIMITED						Registered number
Notes to the Abbreviated Accounts						08539531
for the period ended 31 May 2014

1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

	Turnover
	Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

	Stocks
	Stock is valued at the lower of cost and net realisable value. Cost is determined on a first in first out basis. Net realisable value represents estimated selling price less costs to complete and sell. Provision is made for slow moving, obsolete or damaged stock where the net realisable value is less than cost.

	Leasing and hire purchase commitments
	Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding. Rentals paid under operating leases are charged to income on a straight line basis over the lease term.


2	Share capital	Nominal		2014		2014
value			Number		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		100		100

Nominal			Number		Amount
value			£
	Shares issued during the period:
	Ordinary shares	£1 each		100		100