Tolman Motorsport Limited - Limited company - abbreviated - 11.6
Tolman Motorsport Limited - Limited company - abbreviated - 11.6
REGISTERED NUMBER: |
ABBREVIATED UNAUDITED ACCOUNTS |
FOR THE YEAR ENDED 31 AUGUST 2014 |
FOR |
TOLMAN MOTORSPORT LIMITED |
TOLMAN MOTORSPORT LIMITED (REGISTERED NUMBER: 07325940) |
CONTENTS OF THE ABBREVIATED ACCOUNTS |
for the Year Ended 31 August 2014 |
Page |
Company Information | 1 |
Abbreviated Balance Sheet | 2 |
Notes to the Abbreviated Accounts | 4 |
TOLMAN MOTORSPORT LIMITED |
COMPANY INFORMATION |
for the Year Ended 31 August 2014 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
TOLMAN MOTORSPORT LIMITED (REGISTERED NUMBER: 07325940) |
ABBREVIATED BALANCE SHEET |
31 August 2014 |
2014 | 2013 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
CURRENT ASSETS |
Stocks |
Debtors |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 3 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
3 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 4 |
Share premium |
Profit and loss account | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS |
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. |
TOLMAN MOTORSPORT LIMITED (REGISTERED NUMBER: 07325940) |
ABBREVIATED BALANCE SHEET - continued |
31 August 2014 |
The financial statements were approved by the Board of Directors on by: |
TOLMAN MOTORSPORT LIMITED (REGISTERED NUMBER: 07325940) |
NOTES TO THE ABBREVIATED ACCOUNTS |
for the Year Ended 31 August 2014 |
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 and services, excluding value added tax. |
Tangible fixed assets |
Plant and machinery | - |
Fixtures and fittings | - |
Motor vehicles | - |
Computer equipment | - |
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 provided in full on timing differences which result in an obligation at the Balance Sheet date to |
pay more tax, or a right to pay less tax, at a future date at rates expected to apply when they crystallise based |
on current tax rates and law. Timing differences arise from the inclusion of items of income and expenditure in |
taxation computations in periods different from those in which they are included in the financial statements. |
Deferred tax assets are recognised to the extent that it is regarded as more likely than not that they will be |
recovered. Deferred tax assets and liabilities are not discounted. |
2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 September 2013 |
Additions |
At 31 August 2014 |
DEPRECIATION |
At 1 September 2013 |
Charge for year |
At 31 August 2014 |
NET BOOK VALUE |
At 31 August 2014 |
At 31 August 2013 |
3. | CREDITORS |
Creditors include an amount of £ |
TOLMAN MOTORSPORT LIMITED (REGISTERED NUMBER: 07325940) |
NOTES TO THE ABBREVIATED ACCOUNTS - continued |
for the Year Ended 31 August 2014 |
4. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2014 | 2013 |
value: | £ | £ |
Ordinary | £1 |
5. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
The following advances and credits to a director subsisted during the years ended 31 August 2014 and |
31 August 2013: |
2014 | 2013 |
£ | £ |
Balance outstanding at start of year |
Amounts advanced |
Amounts repaid | ( |
) |
Balance outstanding at end of year |