T.Norris (Industries) Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 00443535 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2013

FOR

T.NORRIS (INDUSTRIES) LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mr J P Norris

Ms J Mathews

SECRETARY:

Ms J Mathews

REGISTERED OFFICE:

26 Great Queen Street

London

WC2B 5BB

REGISTERED NUMBER:

00443535 (England and Wales)

ACCOUNTANTS:

Shaw Walker LEES

Chartered Certified Accountants

Puerorum House

1st Floor

26 Great Queen Street

London

WC2B 5BB

FIXED ASSETS

Tangible assets

2

3,504

3,392

CURRENT ASSETS

Stocks

71,475

69,000

Debtors

16,438

13,935

Cash in hand

8,119

12,308

96,032

95,243

CREDITORS

Amounts falling due within one year

31,674

37,421

NET CURRENT ASSETS

64,358

57,822

TOTAL ASSETS LESS CURRENT LIABILITIES

67,862

61,214

PROVISIONS FOR LIABILITIES

739

685

NET ASSETS

67,123

60,529

CAPITAL AND RESERVES

Called up share capital

3

3,000

3,000

Profit and loss account

64,123

57,529

SHAREHOLDERS' FUNDS

67,123

60,529

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2013 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 28 August 2014 and were signed on its behalf by:

Mr J P Norris - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance

with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents the fair value of services provided during the year. Turnover is recognised as

contract activity progresses and the right to consideration is earned. Fair value reflects the amount

expected to be recoverable from clients. Turnover excludes value added tax. Unbilled turnover on

individual contracts is included as accrued income within other debtors.

Tangible fixed assets

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

Land and buildings

-

5% on reducing balance

Plant and machinery etc

-

25% on reducing balance and 10% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

Deferred tax

The charge for taxation is based on the results for the year and takes into account taxation deferred

because of timing differences between the treatment of certain items for taxation and accounting

purposes. In accordance with Financial Reporting Standard 19, provision is made for deferred tax in

respect of all timing differences that have been originated but reversed by the balance sheet date.

Deferred tax assets are recognised when it is more likely than not that the asset will be recovered.

Deferred tax is measured using rates that have been enacted or substantially enacted by the balance

sheet date. Deferred tax balances are not discounted.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2013

34,506

Additions

552

At 31 December 2013

35,058

DEPRECIATION

At 1 January 2013

31,114

Charge for year

440

At 31 December 2013

31,554

NET BOOK VALUE

At 31 December 2013

3,504

At 31 December 2012

3,392

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2013

2012

value:

£

£

3,000

Ordinary

£1

3,000

3,000

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date, J P Norris was owed £26 (2012: £26) by the company. The loan is

unsecured, interest free and repayable on demand.