Transpitt Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 04307691 (England and Wales)

Abbreviated Accounts for the Year Ended 30 November 2014

for

Transpitt Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

S J S Pitt

SECRETARY:

Mrs K Pitt

REGISTERED OFFICE:

The Old Station

Wells Road

Hallatrow

Somerset

BS39 6EN

REGISTERED NUMBER:

04307691 (England and Wales)

ACCOUNTANTS:

Perpetual Business & Tax Advisors

155 Whiteladies Road

Clifton

Bristol

BS8 2RF

FIXED ASSETS

Tangible assets

2

91,105

55,112

CURRENT ASSETS

Stocks

4,000

2,000

Debtors

58,546

59,778

Cash at bank

1,178

695

63,724

62,473

CREDITORS

Amounts falling due within one year

86,124

57,752

NET CURRENT (LIABILITIES)/ASSETS

(22,400

)

4,721

TOTAL ASSETS LESS CURRENT LIABILITIES

68,705

59,833

CREDITORS

Amounts falling due after more than one year

(54,427

)

(20,385

)

PROVISIONS FOR LIABILITIES

(5,000

)

(10,777

)

NET ASSETS

9,278

28,671

CAPITAL AND RESERVES

Called up share capital

3

1

1

Profit and loss account

9,277

28,670

SHAREHOLDERS' FUNDS

9,278

28,671

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 26 August 2015 and were signed by:

S J S Pitt - 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.

Plant and machinery etc

-

25% on reducing balance and 15% 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.

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.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2013

144,086

Additions

80,414

Disposals

(52,500

)

At 30 November 2014

172,000

DEPRECIATION

At 1 December 2013

88,974

Charge for year

28,856

Eliminated on disposal

(36,935

)

At 30 November 2014

80,895

NET BOOK VALUE

At 30 November 2014

91,105

At 30 November 2013

55,112

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.14

30.11.13

value:

£

£

1

Ordinary

1

1

1