Abbreviated Company Accounts - T M T PACIFIC LIMITED

T M T PACIFIC LIMITED - Company Information

NI060609 T M T PACIFIC LIMITED 2014-08-31 false 2013-09-01 2014-08-31 true NI060609 2013-09-01 2014-08-31 NI060609 2014-08-31 NI060609 2013-08-31 NI060609 uk-gaap-cd-bus:Director1 2013-09-01 2014-08-31 NI060609 uk-gaap-cd-bus:Director2 2013-09-01 2014-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-09-01 2014-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-08-31 iso4217:GBP shares

Registered Number NI060609

T M T PACIFIC LIMITED

Abbreviated Accounts

31 August 2014

T M T PACIFIC LIMITED Registered Number NI060609

Abbreviated Balance Sheet as at 31 August 2014

	Notes	2014	2013
		£	£
Current assets
Stocks		381,923	394,672
Debtors		86,890	83,552
Cash at bank and in hand		11,916	20,950
		480,729	499,174
Creditors: amounts falling due within one year		(289,376)	(344,982)
Net current assets (liabilities)		191,353	154,192
Total assets less current liabilities		191,353	154,192
Total net assets (liabilities)		191,353	154,192
Capital and reserves
Called up share capital	2	100	100
Profit and loss account		191,253	154,092
Shareholders' funds		191,353	154,192

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 29 May 2015

And signed on their behalf by:
Neil Taylor, Director

T M T PACIFIC LIMITED Registered Number NI060609

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

1Accounting Policies

Basis of measurement and preparation of accounts
Accounting convention
The financial statements are prepared under the historical cost convention.

The company has taken advantage of the exemption in Financial Reporting Standard No 1 from the requirement to produce a cashflow statement on the grounds that it is a small company.

Compliance with accounting standards
The financial statements have been prepared on a going concern basis under the historical cost convention and in accordance with the Companies Act 2006 and applicable accounting standards in the United Kingdom. The principle accounting policies, which have been applied consistently throughout the year, are set out below.

Turnover policy
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Other accounting policies
Leasing
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

Stock
Stock is valued at the lower of cost and net realisable value. In general, cost is determined on a first in first out basis and includes the costs of bringing stocks to their present location and condition. Net realisable value is the price at which stocks can be sold in the normal course of business after allowing for the costs of realisation. Provision is made where necessary for obsolescent, slow moving and defective stock.

Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance had not been discounted.

2Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
100 Ordinary shares of £1 each	100	100