Tayform Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 05359458 (England and Wales)

Tayform Limited

Abbreviated Accounts

for the Year Ended 31 July 2014

Page

Company Information

1

Chartered Accountants' Report

2

Abbreviated Balance Sheet

3

Notes to the Abbreviated Accounts

5

DIRECTOR:

Mr A Ali

SECRETARY:

Mrs M Ali

REGISTERED OFFICE:

237 Kennington Lane

London

London

SE11 5QU

REGISTERED NUMBER:

05359458 (England and Wales)

ACCOUNTANTS:

Alton & Co

Chartered Accountants

237 Kennington Lane

London

SE11 5QU

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages three to six)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Tayform Limited for the year ended 31 July 2014 which comprise the Profit and Loss Account,

the Balance Sheet and the related notes from the company's accounting records and from information and explanations

you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject

to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the director of Tayform Limited in accordance with our terms of engagement. Our work

has been undertaken solely to prepare for your approval the financial statements of Tayform Limited and state those

matters that we have agreed to state to the director of Tayform Limited in this report in accordance with AAF 2/10 as

detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to

anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Tayform Limited has kept adequate accounting records and to prepare statutory financial

statements that give a true and fair view of the assets, liabilities, financial position and profit of Tayform Limited. You

consider that Tayform Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Tayform Limited. For this

reason, we have not verified the accuracy or completeness of the accounting records or information and explanations

you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Alton & Co

Chartered Accountants

237 Kennington Lane

London

SE11 5QU

17 March 2015

FIXED ASSETS

Tangible assets

2

2,315

2,620

CURRENT ASSETS

Stocks

1,982

2,113

Debtors

883

883

Cash at bank and in hand

8,901

6,796

11,766

9,792

CREDITORS

Amounts falling due within one year

11,735

11,230

NET CURRENT ASSETS/(LIABILITIES)

31

(1,438

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,346

1,182

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

2,344

1,180

SHAREHOLDERS' FUNDS

2,346

1,182

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 13 March 2015 and were signed by:

Mr A Ali - 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).

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a

small company.

Turnover

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

Turnover is generated from the ordinary activities of the business and is recognised when the customer takes

delivery of the order.

Tangible fixed assets

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

Fixtures and fittings

-

25% on reducing balance

Stocks

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

slow moving items.

Cost is on first in first out basis. Net realisable value is the sales value of the stock less any additional cost to

sell.

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.

Going concern

In the director's assessment of the company's ability to continue in operational existence for the foreseeable

future, there are no material uncertainties that may cast significant doubt about the company's ability to

continue trading as a going concern.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2013

4,499

Additions

467

At 31 July 2014

4,966

DEPRECIATION

At 1 August 2013

1,879

Charge for year

772

At 31 July 2014

2,651

NET BOOK VALUE

At 31 July 2014

2,315

At 31 July 2013

2,620

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

2

Ordinary

£1

2

2