Abbreviated Company Accounts - TRADE AND DISCOUNT SIGNS LIMITED

TRADE AND DISCOUNT SIGNS LIMITED - Company Information

Registered Number 04991620

TRADE AND DISCOUNT SIGNS LIMITED

Abbreviated Accounts

31 December 2014

TRADE AND DISCOUNT SIGNS LIMITED Registered Number 04991620

Abbreviated Balance Sheet as at 31 December 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	149,238	160,453
		149,238	160,453
Current assets
Stocks		5,000	3,500
Debtors		116,576	117,047
Cash at bank and in hand		2,039	6,602
		123,615	127,149
Creditors: amounts falling due within one year		(149,270)	(180,627)
Net current assets (liabilities)		(25,655)	(53,478)
Total assets less current liabilities		123,583	106,975
Creditors: amounts falling due after more than one year		(85,649)	(97,530)
Provisions for liabilities		(6,991)	(9,233)
Total net assets (liabilities)		30,943	212
Capital and reserves
Called up share capital		100	100
Profit and loss account		30,843	112
Shareholders' funds		30,943	212

For the year ending 31 December 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 18 May 2015

And signed on their behalf by:
W Islip, Director

TRADE AND DISCOUNT SIGNS LIMITED Registered Number 04991620

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

1Accounting Policies

Basis of measurement and preparation of accounts
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 policy
Turnover represents the net invoiced sales of goods, excluding value added tax.

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is shorter.

Plant and machinery - 25% reducing balance

Other accounting policies
Deferred tax - Deferred tax is recognised in respect of all timing differences what have originated but not revered at the balance sheet date.

Pension costs and other post -retirement benefits - The company operates a defined contribution pension scheme. Contribution payable to the company's pension scheme are charged to the profit and loss account in the period to which they relate.

Hire Purchase and leasing commitments - Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under fiancé leases are depreciated over their estimated useful lives or the least term, whichever is the shorter.

The interest elements of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

2Tangible fixed assets

	£
Cost
At 1 January 2014	205,046
Additions	434
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2014	205,480
Depreciation
At 1 January 2014	44,593
Charge for the year	11,649
On disposals	-
At 31 December 2014	56,242
Net book values
At 31 December 2014	149,238
At 31 December 2013	160,453