Abbreviated Company Accounts - TEWKESBURY ABBEY LIMITED

TEWKESBURY ABBEY LIMITED - Company Information

Registered Number 02755583

TEWKESBURY ABBEY LIMITED

Abbreviated Accounts

31 December 2014

TEWKESBURY ABBEY LIMITED Registered Number 02755583

Abbreviated Balance Sheet as at 31 December 2014

	Notes	2014	2013
		£	£
Fixed assets
Intangible assets		-	-
Tangible assets	3	2,929	2,639
Investments		-	-
		2,929	2,639
Current assets
Stocks		44,377	45,676
Debtors		8,040	4,502
Investments		-	-
Cash at bank and in hand		86,301	61,449
		138,718	111,627
Prepayments and accrued income		-	-
Creditors: amounts falling due within one year		(141,647)	(114,266)
Net current assets (liabilities)		(2,929)	(2,639)
Total assets less current liabilities		0	0
Creditors: amounts falling due after more than one year		0	0
Provisions for liabilities		0	0
Accruals and deferred income		0	0
Total net assets (liabilities)		0	0
Reserves
Revaluation reserve		0	0
Other reserves		0	0
Income and expenditure account		0	0
Members' funds		0	0

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 20 March 2015

And signed on their behalf by:
J E Davis, Director

TEWKESBURY ABBEY LIMITED Registered Number 02755583

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 total invoice value, excluding value added tax, of shop, tea room sales, hire of abbey and tea rooms during the year. Revenue is recognized when the invoice is raised and at the point of sale.
The total turnover of the company for the year has been derived from its principle activities wholly undertaken in the UK.

Tangible assets depreciation policy
Depreciation is provided at the following annul rates in order to write off each asset over its estimated useful life.
Fixtures, fittings and equipment - at varying rates on cost.

Other accounting policies
Stocks
stocks are valued at the lower of cost and net realizable value, after making due allowance for obsolete and slow moving items

2Company limited by guarantee
Company is limited by guarantee and consequently does not have share capital.

3Tangible fixed assets

	£
Cost
At 1 January 2014	74,810
Additions	1,619
Disposals	(502)
Revaluations	0
Transfers	0
At 31 December 2014	75,927
Depreciation
At 1 January 2014	72,171
Charge for the year	1,329
On disposals	(502)
At 31 December 2014	72,998
Net book values
At 31 December 2014	2,929
At 31 December 2013	2,639