Tekserve UK Limited - Limited company accounts 11.7

REGISTERED NUMBER: 04130884 (England and Wales)

Report of the Directors and

Unaudited Financial Statements for the Year Ended 31 December 2014

for

Tekserve UK Limited

Page

Company Information

1

Report of the Directors

2

Profit and Loss Account

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTORS:

N P Shaw

Mrs. L J Shaw

SECRETARY:

Mrs. L J Shaw

REGISTERED OFFICE:

291 Woodlands Road

Totton

Hampshire

SO40 7GE

REGISTERED NUMBER:

04130884 (England and Wales)

ACCOUNTANTS:

Price and Co.Associates Ltd

Chartered Accountants

Meadsted House

80, Jacklyns Lane

Alresford

Hampshire

SO24 9LJ

The directors present their report with the financial statements of the company for the year ended 31 December 2014.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 January 2014 to the date of this

report.

N P Shaw

Mrs. L J Shaw

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating

to small companies.

ON BEHALF OF THE BOARD:

N P Shaw - Director

29 July 2015

TURNOVER

67,153

68,188

Cost of sales

41,769

47,906

GROSS PROFIT

25,384

20,282

Distribution costs

6,506

5,550

Administrative expenses

19,169

19,413

25,675

24,963

OPERATING LOSS and

LOSS ON ORDINARY ACTIVITIES
BEFORE TAXATION

2

(291

)

(4,681

)

Tax on loss on ordinary activities

3

-

LOSS FOR THE FINANCIAL YEAR

(291

)

(4,681

)

CURRENT ASSETS

Stocks

12,200

11,700

Debtors

5

5,664

4,549

Cash at bank

3,739

1,991

21,603

18,240

CREDITORS

Amounts falling due within one year

6

17,932

14,278

NET CURRENT ASSETS

3,671

3,962

TOTAL ASSETS LESS CURRENT
LIABILITIES

3,671

3,962

CAPITAL AND RESERVES

Called up share capital

7

100

Profit and loss account

8

3,571

3,862

SHAREHOLDERS' FUNDS

3,671

3,962

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 financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The financial statements were approved by the Board of Directors on 29 July 2015 and were signed on its behalf by:

N P Shaw - 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.

Tangible fixed assets

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

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

2.	OPERATING LOSS

The operating loss is stated after charging:

31.12.14

31.12.13

£

Directors' remuneration and other benefits etc

9,700

9,475

3.

TAXATION

Analysis of the tax charge

No liability to UK corporation tax arose on ordinary activities for the year ended 31 December 2014 nor for the

year ended 31 December 2013.

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2014

and 31 December 2014

1,000

DEPRECIATION

At 1 January 2014

and 31 December 2014

1,000

NET BOOK VALUE

At 31 December 2014

-

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.14

31.12.13

£

Trade debtors

5,500

4,549

Other debtors

164

-

5,664

4,549

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.14

31.12.13

£

Trade creditors

3,927

3,955

Taxation and social security

-

548

Other creditors

14,005

9,775

17,932

14,278

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.14

31.12.13

value:

£

1,000

Ordinary

100

8.

RESERVES

Profit

and loss

account

£

At 1 January 2014

3,862

Deficit for the year

(291

)

At 31 December 2014

3,571