T.Norris (Industries) Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 00443535 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2014

FOR

T.NORRIS (INDUSTRIES) LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mr J P Norris

Ms J Mathews

SECRETARY:

Ms J Mathews

REGISTERED OFFICE:

26 Great Queen Street

London

WC2B 5BB

REGISTERED NUMBER:

00443535 (England and Wales)

ACCOUNTANTS:

Shaw Walker LEES

Chartered Certified Accountants

Puerorum House

1st Floor

26 Great Queen Street

London

WC2B 5BB

FIXED ASSETS

Tangible assets

2

5,757

3,504

CURRENT ASSETS

Stocks

73,439

71,475

Debtors

17,633

16,438

Cash in hand

5,459

8,119

96,531

96,032

CREDITORS

Amounts falling due within one year

39,762

31,674

NET CURRENT ASSETS

56,769

64,358

TOTAL ASSETS LESS CURRENT LIABILITIES

62,526

67,862

PROVISIONS FOR LIABILITIES

-

739

NET ASSETS

62,526

67,123

CAPITAL AND RESERVES

Called up share capital

3

3,000

3,000

Profit and loss account

59,526

64,123

SHAREHOLDERS' FUNDS

62,526

67,123

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 28 May 2015 and were signed on its behalf by:

Mr J P Norris - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents the fair value of services provided during the year. Turnover is recognised as contract

activity progresses and the right to consideration is earned. Fair value reflects the amount expected to be

recoverable from clients. Turnover excludes value added tax. Unbilled turnover on individual contracts is

included as accrued income within other debtors.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

5% on reducing balance

Plant and machinery etc

-

25% on reducing balance and 10% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and

slow moving items.

Deferred tax

The charge for taxation is based on the results for the year and takes into account taxation deferred because of

timing differences between the treatment of certain items for taxation and accounting purposes. In accordance

with Financial Reporting Standard 19, provision is made for deferred tax in respect of all timing differences that

have been originated but reversed by the balance sheet date. Deferred tax assets are recognised when it is

more likely than not that the asset will be recovered. Deferred tax is measured using rates that have been

enacted or substantially enacted by the balance sheet date. Deferred tax balances are not discounted.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2014

35,058

Additions

3,147

At 31 December 2014

38,205

DEPRECIATION

At 1 January 2014

31,554

Charge for year

894

At 31 December 2014

32,448

NET BOOK VALUE

At 31 December 2014

5,757

At 31 December 2013

3,504

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

3,000

Ordinary

£1

3,000

3,000

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES