Abbreviated Company Accounts - TAAL UK LIMITED
Abbreviated Company Accounts - TAAL UK LIMITED
Registered Number 06329867
TAAL UK LIMITED
Abbreviated Accounts
31 July 2014
TAAL UK LIMITED Registered Number 06329867
Abbreviated Balance Sheet as at 31 July 2014
Notes | 2014 | 2013 | |
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£ | £ | ||
Current assets | |||
Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
( |
( |
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Net current assets (liabilities) |
( |
( |
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Total assets less current liabilities |
( |
( |
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Total net assets (liabilities) |
( |
( |
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Capital and reserves | |||
Called up share capital | 2 |
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Profit and loss account |
( |
( |
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Shareholders' funds |
( |
( |
For the year ending 31 July 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the Board on
And signed on their behalf by:
TAAL UK LIMITED Registered Number 06329867
Notes to the Abbreviated Accounts for the period ended 31 July 2014
1Accounting Policies
Basis of measurement and preparation of accounts
Turnover policy
Other accounting policies
The company has net liabilities of £138,272 at the end of the year. The financial statements have been prepared on a going concern basis, which assumes that the company will continue in operational existence for the foreseeable future. The validity of this assumption depends on the continuing support of the director and shareholders. The financial statements do not include any adjustments that would result from a failure to obtain such funding and financial support.
Cash flow statement
The company has taken advantage of the exemption in Financial Reporting Standard No 1 from producing a cash flow statement on the grounds that it is a small company.
Taxation
The charge for taxation is based on the profit for the year and takes into account taxation deferred because of timing differences between the treatment of certain items for taxation and accounting purposes. Deferred tax is provided in accordance with FRS 19. Deferred tax assets are only recognised to the extent that they are recoverable.
Stocks
Stocks are valued at the lower of cost and net realisable value, after making allowance for obsolete and slow-moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.