Abbreviated Company Accounts - TERRAVENTURE LIMITED

Abbreviated Company Accounts - TERRAVENTURE LIMITED

TERRAVENTURE LIMITED - Company Information

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Registered Number 08587275

TERRAVENTURE LIMITED

Abbreviated Accounts

30 June 2014

TERRAVENTURE LIMITED Registered Number 08587275

Abbreviated Balance Sheet as at 30 June 2014

Notes 2014
£
Fixed assets
Tangible assets 2 476
476
Current assets
Stocks 4,220
Cash at bank and in hand 5,137
9,357
Creditors: amounts falling due within one year (6,485)
Net current assets (liabilities) 2,872
Total assets less current liabilities 3,348
Total net assets (liabilities) 3,348
Capital and reserves
Called up share capital 2
Profit and loss account 3,346
Shareholders' funds 3,348
  • For the year ending 30 June 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 12 August 2014

And signed on their behalf by:
A Narkar, Director

TERRAVENTURE LIMITED Registered Number 08587275

Notes to the Abbreviated Accounts for the period ended 30 June 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided at the following annual rate, calculated to write off the cost or valuation of a fixed asset, less its estimated residual value, over its expected useful life:
Plant and Equipment . . . . . . . . . . . . . 25% on straight line
Fixtures and Fittings . . . . . . . . . . . . . 25% on straight line

2Tangible fixed assets
£
Cost
Additions 635
Disposals -
Revaluations -
Transfers -
At 30 June 2014 635
Depreciation
Charge for the year 159
On disposals -
At 30 June 2014 159
Net book values
At 30 June 2014 476