Abbreviated Company Accounts - TYS RETAIL LTD

Registered Number 08432450

TYS RETAIL LTD

Abbreviated Accounts

28 February 2015

TYS RETAIL LTD Registered Number 08432450

Abbreviated Balance Sheet as at 28 February 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	195,841	77,581
		195,841	77,581
Current assets
Stocks		111,585	108,150
Debtors		45,658	35,579
Cash at bank and in hand		472,519	235,482
		629,762	379,211
Creditors: amounts falling due within one year		(308,670)	(256,857)
Net current assets (liabilities)		321,092	122,354
Total assets less current liabilities		516,933	199,935
Creditors: amounts falling due after more than one year		(84,375)	-
Total net assets (liabilities)		432,558	199,935
Capital and reserves
Called up share capital		2	2
Profit and loss account		432,556	199,933
Shareholders' funds		432,558	199,935

For the year ending 28 February 2015 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 30 March 2015

And signed on their behalf by:
T Sivarajah, Director

TYS RETAIL LTD Registered Number 08432450

Notes to the Abbreviated Accounts for the period ended 28 February 2015

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.

Turnover policy
Turnover represents net invoiced sales of goods, excluding value added tax.

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

Plant and machinery - 15% and 20% on reducing balance.

2Tangible fixed assets

	£
Cost
At 1 March 2014	89,927
Additions	153,050
Disposals	-
Revaluations	-
Transfers	-
At 28 February 2015	242,977
Depreciation
At 1 March 2014	12,346
Charge for the year	34,790
On disposals	-
At 28 February 2015	47,136
Net book values
At 28 February 2015	195,841
At 28 February 2014	77,581