Tildesley & Tonks Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 04490552 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2014

FOR

TILDESLEY & TONKS LIMITED

TRADING AS

COPIA WEALTH & TAX

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

M J Evans F.C.A.

SECRETARY:

Mrs K Edwards

REGISTERED OFFICE:

Unit 8 Pendeford Place

Pendeford Business Park

Wobaston Road

Wolverhampton

WV9 5HD

REGISTERED NUMBER:

04490552 (England and Wales)

ACCOUNTANTS:

Copia Wealth & Tax Limited

Chartered Accountants

8 Pendeford Place

Pendeford Business Park

Wobaston Road

Wolverhampton

WV9 5HD

FIXED ASSETS

Intangible assets

2

-

-

Tangible assets

3

21,481

24,634

21,481

24,634

CURRENT ASSETS

Stocks

2,294

1,637

Debtors

163,566

124,755

Cash in hand

2

21

165,862

126,413

CREDITORS

Amounts falling due within one year

4

130,507

116,460

NET CURRENT ASSETS

35,355

9,953

TOTAL ASSETS LESS CURRENT LIABILITIES

56,836

34,587

CREDITORS

Amounts falling due after more than one year

4

(10,000

)

(23,647

)

PROVISIONS FOR LIABILITIES

(3,762

)

(4,116

)

NET ASSETS

43,074

6,824

CAPITAL AND RESERVES

Called up share capital

5

1

1

Profit and loss account

43,073

6,823

SHAREHOLDERS' FUNDS

43,074

6,824

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 18 June 2015 and were signed by:

M J Evans F.C.A. - 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 net invoiced sales of goods, excluding value added tax, except in respect of service contracts

where turnover is recognised when the company obtains the right to consideration.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

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 the shorter.

Improvements to property

-

in accordance with the property

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% 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

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

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 finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2013

and 30 September 2014

180,000

AMORTISATION

At 1 October 2013

and 30 September 2014

180,000

NET BOOK VALUE

At 30 September 2014

-

At 30 September 2013

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2013

97,765

Additions

6,268

At 30 September 2014

104,033

DEPRECIATION

At 1 October 2013

73,131

Charge for year

9,421

At 30 September 2014

82,552

NET BOOK VALUE

At 30 September 2014

21,481

At 30 September 2013

24,634

4.

CREDITORS

Creditors include an amount of £ 44,102 (2013 - £ 55,979 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

1

Ordinary

£1

1

1

6.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2014 and

30 September 2013:

2014

2013

£

£

M J Evans F.C.A.

Balance outstanding at start of year

39,901

57,098

Amounts advanced

-

39,901

Amounts repaid

(29,762

)

(57,098

)

Balance outstanding at end of year

10,139

39,901

7.	RELATED PARTY DISCLOSURES

During the year, total dividends of £40,000 (2013 - £73,000) were paid to the director .