Abbreviated Company Accounts - T & R OFF ROAD LIMITED
Abbreviated Company Accounts - T & R OFF ROAD LIMITED
Registered Number 04870631
T & R OFF ROAD LIMITED
Abbreviated Accounts
31 August 2014
T & R OFF ROAD LIMITED Registered Number 04870631
Abbreviated Balance Sheet as at 31 August 2014
Notes | 2014 | 2013 | |
---|---|---|---|
£ | £ | ||
Fixed assets | |||
Tangible assets | 2 |
|
|
|
|||
Current assets | |||
Stocks |
|
|
|
Debtors |
|
|
|
|
|
||
Net current assets (liabilities) |
|
|
|
Total assets less current liabilities |
|
|
|
Creditors: amounts falling due after more than one year |
( |
( |
|
Total net assets (liabilities) |
( |
( |
|
Capital and reserves | |||
Called up share capital | 3 |
|
|
Profit and loss account |
( |
( |
|
Shareholders' funds |
( |
( |
For the year ending 31 August 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:
T & R OFF ROAD LIMITED Registered Number 04870631
Notes to the Abbreviated Accounts for the period ended 31 August 2014
1Accounting Policies
Basis of measurement and preparation of accounts
Turnover policy
In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.
Tangible assets depreciation policy
Plant & Machinery - 15% reducing balance
Motor Vehicles - 25% reducing balance
Equipment - 25% of cost
Valuation information and policy
All fixed assets are initially recorded at cost.
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Other accounting policies
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
£ | |
---|---|
Cost | |
At 1 September 2013 |
|
Additions |
|
Disposals |
|
Revaluations |
|
Transfers |
|
At 31 August 2014 |
|
Depreciation | |
At 1 September 2013 |
|
Charge for the year |
|
On disposals |
|
At 31 August 2014 |
|
Net book values | |
At 31 August 2014 | 4,697 |
At 31 August 2013 | 12,054 |