Company Registration No. 03242698 (England and Wales)
TYREMARK LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2014
TYREMARK LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
TYREMARK LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 DECEMBER 2014
31 December 2014
- 1 -
2014
2013
Notes
£
£
£
£
Fixed assets
Intangible assets
2
30,233
30,233
Tangible assets
2
46,055
201,252
76,288
231,485
Current assets
Stocks
117,241
150,562
Debtors
43,784
97,166
161,025
247,728
Creditors: amounts falling due within one year
(175,282)
(273,692)
Net current liabilities
(14,257)
(25,964)
Total assets less current liabilities
62,031
205,521
Creditors: amounts falling due after more than one year
(130,000)
(400,000)
(67,969)
(194,479)
Capital and reserves
Called up share capital
3
1,000
1,000
Profit and loss account
(68,969)
(195,479)
Shareholders' funds
(67,969)
(194,479)
For the financial year ended 31 December 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board and authorised for issue on 22 September 2015
K Webber
Director
Company Registration No. 03242698
TYREMARK LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2014
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). The company is reliant on the continued support of its directors who are owed £154,191 at 31 December 2014. The directors have indicated that they will continue to support the company.
The company is reliant on the continued support of its directors who are owed £154,191 at 31 December 2014. The directors have indicated that they will continue to support the company.
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Goodwill
In the opinion of the directors, the valuation of goodwill acquired remains accurate and no amortisation has been provided. This will continue to be reviewed on an annual basis.the valuation of goodwill acquired remains accurate and no amortisation has been provided. This will continue to be reviewed on an annual basis.
1.5
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Land and buildings Leasehold
Over the lifetime of the lease
Plant and machinery
15% reducing balance
Fixtures, fittings & equipment
10% and 33% reducing balance
Motor vehicles
20% reducing balance
1.6
Stock
Stock is valued at the lower of cost and net realisable value.
TYREMARK LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2014
- 3 -
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 January 2014
30,233
328,882
359,115
Additions
-
5,776
5,776
Disposals
-
(258,649)
(258,649)
At 31 December 2014
30,233
76,009
106,242
Depreciation
At 1 January 2014
-
127,630
127,630
On disposals
-
(114,252)
(114,252)
Charge for the year
-
16,576
16,576
At 31 December 2014
-
29,954
29,954
Net book value
At 31 December 2014
30,233
46,055
76,288
At 31 December 2013
30,233
201,252
231,485
3
Share capital
2014
2013
£
£
Allotted, called up and fully paid
1,000 Ordinary of £1 each
1,000
1,000
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