Abbreviated Company Accounts - TACTILITY FACTORY LIMITED

TACTILITY FACTORY LIMITED - Company Information

Registered Number NI070020

TACTILITY FACTORY LIMITED

Abbreviated Accounts

31 July 2014

TACTILITY FACTORY LIMITED Registered Number NI070020

Abbreviated Balance Sheet as at 31 July 2014

	Notes	2014	2013
		£	£
Called up share capital not paid		-	-
Fixed assets
Intangible assets	2	8,991	2,450
Tangible assets	3	14,164	1,493
		23,155	3,943
Current assets
Stocks		6,120	6,120
Debtors		11,013	1,607
Cash at bank and in hand		177,808	5,322
		194,941	13,049
Creditors: amounts falling due within one year		(4,573)	(2,092)
Net current assets (liabilities)		190,368	10,957
Total assets less current liabilities		213,523	14,900
Creditors: amounts falling due after more than one year		(325,234)	(70,604)
Total net assets (liabilities)		(111,711)	(55,704)
Capital and reserves
Called up share capital		166	133
Share premium account		103,131	94,707
Profit and loss account		(215,008)	(150,544)
Shareholders' funds		(111,711)	(55,704)

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 30 April 2015

And signed on their behalf by:
Ms Patricia Belford, Director

TACTILITY FACTORY LIMITED Registered Number NI070020

Notes to the Abbreviated Accounts for the period ended 31 July 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The company prepared its financial accounts on the historical cost basis of
accounting.

Tangible assets depreciation policy
i. Fixed Assets are stated at cost.

ii. Depreciation is calculated to write off the net cost of fixed assets over their estimated
useful lives, by the reducing balance method at the following rates:

Fixtures, Fittings and Equipment 25%

2Intangible fixed assets

	£
Cost
At 1 August 2013	2,450
Additions	6,541
Disposals	-
Revaluations	-
Transfers	-
At 31 July 2014	8,991
Amortisation
At 1 August 2013	-
Charge for the year	-
On disposals	-
At 31 July 2014	-
Net book values
At 31 July 2014	8,991
At 31 July 2013	2,450

3Tangible fixed assets

	£
Cost
At 1 August 2013	4,055
Additions	17,393
Disposals	-
Revaluations	-
Transfers	-
At 31 July 2014	21,448
Depreciation
At 1 August 2013	2,562
Charge for the year	4,722
On disposals	-
At 31 July 2014	7,284
Net book values
At 31 July 2014	14,164
At 31 July 2013	1,493