Abbreviated Company Accounts - TERRENUS GROUP LIMITED
Abbreviated Company Accounts - TERRENUS GROUP LIMITED
Registered Number SC372563
TERRENUS GROUP LIMITED
Abbreviated Accounts
30 November 2014
TERRENUS GROUP LIMITED Registered Number SC372563
Abbreviated Balance Sheet as at 30 November 2014
Notes | 2014 | 2013 | |
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£ | £ | ||
Called up share capital not paid |
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Fixed assets | |||
Intangible assets | 2 |
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Tangible assets | 3 |
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Investments |
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Current assets | |||
Stocks |
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Debtors |
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Investments |
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Cash at bank and in hand |
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Prepayments and accrued income |
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Creditors: amounts falling due within one year |
( |
( |
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Net current assets (liabilities) |
( |
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Total assets less current liabilities |
( |
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Creditors: amounts falling due after more than one year |
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Provisions for liabilities |
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Accruals and deferred income |
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Total net assets (liabilities) |
( |
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Capital and reserves | |||
Called up share capital | 4 |
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Share premium account |
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Revaluation reserve |
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Other reserves |
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Profit and loss account |
( |
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Shareholders' funds |
( |
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For the year ending 30 November 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the Board on
And signed on their behalf by:
TERRENUS GROUP LIMITED Registered Number SC372563
Notes to the Abbreviated Accounts for the period ended 30 November 2014
1Accounting Policies
Basis of measurement and preparation of accounts
Turnover policy
In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.
Tangible assets depreciation policy
All fixed assets are initially recorded at cost.
Depreciation
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Fixtures & Fittings - 33.3% Reducing balance
Intangible assets amortisation policy
Goodwill - 20 years
Valuation information and policy
Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.
Other accounting policies
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
£ | |
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Cost | |
At 1 December 2013 |
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Additions |
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Disposals |
( |
Revaluations |
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Transfers |
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At 30 November 2014 |
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Amortisation | |
At 1 December 2013 |
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Charge for the year |
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On disposals |
( |
At 30 November 2014 |
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Net book values | |
At 30 November 2014 | 0 |
At 30 November 2013 | 1,940 |
£ | |
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Cost | |
At 1 December 2013 |
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Additions |
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Disposals |
( |
Revaluations |
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Transfers |
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At 30 November 2014 |
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Depreciation | |
At 1 December 2013 |
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Charge for the year |
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On disposals |
( |
At 30 November 2014 |
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Net book values | |
At 30 November 2014 | 0 |
At 30 November 2013 | 1,667 |