| Terry & Associates Ltd |
| Registered number: |
07341323 |
| Abbreviated Balance Sheet |
| as at 30 July 2013 |
|
| Notes |
|
|
2013 |
|
|
2012 |
| £ |
£ |
| Fixed assets |
| Intangible assets |
2 |
|
|
61,369 |
|
|
81,826 |
| Tangible assets |
3 |
|
|
25,334 |
|
|
30,810 |
|
|
|
|
86,703 |
|
|
112,636 |
|
| Current assets |
| Stocks |
|
|
14,565 |
|
|
14,300 |
| Debtors |
|
|
9,596 |
|
|
13,233 |
| Cash at bank and in hand |
|
|
93,967 |
|
|
54,707 |
|
|
|
118,128 |
|
|
82,240 |
|
| Creditors: amounts falling due within one year |
|
|
(48,378) |
|
|
(55,802) |
|
| Net current assets |
|
|
|
69,750 |
|
|
26,438 |
|
| Total assets less current liabilities |
|
|
|
156,453 |
|
|
139,074 |
|
| Creditors: amounts falling due after more than one year |
|
|
|
(69,404) |
|
|
(97,348) |
|
|
|
| Net assets |
|
|
|
87,049 |
|
|
41,726 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
5 |
|
|
8 |
|
|
8 |
| Profit and loss account |
|
|
|
87,041 |
|
|
41,718 |
|
| Shareholders' funds |
|
|
|
87,049 |
|
|
41,726 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| Members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their 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. |
|
|
|
| I Hakim |
| Director |
| Approved by the board on 22 July 2014 |
|
| Terry & Associates Ltd |
| Notes to the Abbreviated Accounts |
| for the period ended 30 July 2013 |
|
| 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 April 2008). |
|
|
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. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Plant and machinery |
20% reducing balance |
|
|
|
Stocks |
|
Stock is valued at the lower of cost and net realisable value. |
|
|
Pensions |
|
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme. |
|
|
| 2 |
Intangible fixed assets |
£ |
|
|
Cost |
|
At 1 August 2012 |
102,283 |
|
At 30 July 2013 |
102,283 |
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 August 2012 |
20,457 |
|
Provided during the period |
20,457 |
|
At 30 July 2013 |
40,914 |
|
|
|
|
|
|
|
|
Net book value |
|
At 30 July 2013 |
61,369 |
|
At 31 July 2012 |
81,826 |
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 August 2012 |
38,512 |
|
Additions |
858 |
|
At 30 July 2013 |
39,370 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 August 2012 |
7,702 |
|
Charge for the period |
6,334 |
|
At 30 July 2013 |
14,036 |
|
|
|
|
|
|
|
|
Net book value |
|
At 30 July 2013 |
25,334 |
|
At 31 July 2012 |
30,810 |
|
|
|
|
|
|
|
|
| 4 |
Loans |
2013 |
|
2012 |
| £ |
£ |
|
Creditors include: |
|
Secured bank loans |
42,348 |
|
60,552 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Share capital |
Nominal |
|
2013 |
|
2013 |
|
2012 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
8 |
|
8 |
|
8 |
|
|
|
|
|
|
|
|
|
