Abbreviated Company Accounts - TANGOLD LIMITED

06013391 TANGOLD LIMITED 2015-03-31 false 2014-02-01 2015-03-31 true 06013391 2014-02-01 2015-03-31 06013391 2015-03-31 06013391 2014-01-31 06013391 uk-gaap-cd-bus:Director1 2014-02-01 2015-03-31 06013391 uk-gaap-cd-bus:Director2 2014-02-01 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-02-01 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-01-31 iso4217:GBP shares

Registered Number 06013391

TANGOLD LIMITED

Abbreviated Accounts

31 March 2015

TANGOLD LIMITED Registered Number 06013391

Abbreviated Balance Sheet as at 31 March 2015

	Notes	31/03/2015	31/01/2014
		£	£
Fixed assets
Tangible assets	2	12,546	16,688
		12,546	16,688
Current assets
Debtors		852	831
Cash at bank and in hand		2,913	1,053
		3,765	1,884
Creditors: amounts falling due within one year		(2,576)	(11,342)
Net current assets (liabilities)		1,189	(9,458)
Total assets less current liabilities		13,735	7,230
Total net assets (liabilities)		13,735	7,230
Capital and reserves
Called up share capital	3	1	1
Profit and loss account		13,734	7,229
Shareholders' funds		13,735	7,230

For the year ending 31 March 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 7 September 2015

And signed on their behalf by:
N Stephenson, Director

TANGOLD LIMITED Registered Number 06013391

Notes to the Abbreviated Accounts for the period ended 31 March 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
The turnover shown in the profit and loss account represents amounts invoiced during the period.

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:

Plant & Machinery - 25% reducing balance
Motor Vehicles - 25% reducing balance
Equipment - 25% reducing balance

Other accounting policies
Financial instruments

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.

2Tangible fixed assets

	£
Cost
At 1 February 2014	40,129
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2015	40,129
Depreciation
At 1 February 2014	23,441
Charge for the year	4,142
On disposals	-
At 31 March 2015	27,583
Net book values
At 31 March 2015	12,546
At 31 January 2014	16,688

3Called Up Share Capital
Allotted, called up and fully paid:

	31/03/2015 £	31/01/2014 £
1 Ordinary shares of £1 each	1	1