David Tilsley Limited - Limited company - abbreviated - 11.6

David Tilsley Limited

Abbreviated Unaudited Accounts

for the Year Ended

31 October 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr D A Tilsley

Mrs D A Tilsley

SECRETARY:

Mrs D A Tilsley

REGISTERED OFFICE:

91 Lakewood Road

Chandlers Ford

Eastleigh

Hampshire

SO53 5AD

REGISTERED NUMBER:

04572278 (England and Wales)

FIXED ASSETS

Tangible assets

2

12,164

12,864

CURRENT ASSETS

Debtors

37,061

18,124

Cash at bank

68,611

67,257

105,672

85,381

CREDITORS

Amounts falling due within one year

77,399

57,105

NET CURRENT ASSETS

28,273

28,276

TOTAL ASSETS LESS CURRENT LIABILITIES

40,437

41,140

PROVISIONS FOR LIABILITIES

300

191

NET ASSETS

40,137

40,949

CAPITAL AND RESERVES

Called up share capital

3

120

120

Profit and loss account

40,017

40,829

SHAREHOLDERS' FUNDS

40,137

40,949

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 12 June 2015 and were signed on its behalf by:

Mr D A Tilsley - Director

Mrs D A Tilsley - 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 net fees raised during the year, as adjusted for opening and closing uninvoiced sales,

excluding value added tax.

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

-

Straight line over 20 year lease

Plant and machinery etc

-

25% on reducing balance

Deferred tax

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

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2013

30,504

Additions

1,183

At 31 October 2014

31,687

DEPRECIATION

At 1 November 2013

17,640

Charge for year

1,883

At 31 October 2014

19,523

NET BOOK VALUE

At 31 October 2014

12,164

At 31 October 2013

12,864

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.14

31.10.13

value:

£

£

20

A Ordinary Shares

£1

20

20

100

B Ordinary Shares

£1

100

100

120

120

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 October 2014 and

31 October 2013:

31.10.14

31.10.13

£

£

Mr D A Tilsley and Mrs D A Tilsley

Balance outstanding at start of year

-

-

Amounts advanced

113,161

-

Amounts repaid

(130,657

)

-

Balance outstanding at end of year

(17,496

)

-