TWIRLY_DESIGNS_LIMITED - Accounts

TWIRLY DESIGNS LIMITED - Company Information

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Company Registration No. 04105564 (England and Wales)

TWIRLY DESIGNS LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

TWIRLY DESIGNS LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

TWIRLY DESIGNS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

687

Current assets

Debtors

1,303

3,398

Cash at bank and in hand

26,169

25,285

27,472

28,683

Creditors: amounts falling due within one year

(1,908)

(2,094)

Net current assets

25,564

26,589

Total assets less current liabilities

25,564

27,276

Capital and reserves

Called up share capital

100

Profit and loss account

25,464

27,176

Shareholders' funds

25,564

27,276

For the financial year ended 31 March 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his 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 for issue on 21 October 2015

Darren Voisey

Director

Company Registration No. 04105564

TWIRLY DESIGNS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

- 2 -

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).

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

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:

Fixtures, fittings & equipment

33% Straight line

Fixed assets

Tangible assets

Cost

At 1 April 2014 & at 31 March 2015

6,819

Depreciation

At 1 April 2014

6,132

Charge for the year

687

At 31 March 2015

6,819

Net book value

At 31 March 2015

At 31 March 2014

687

Share capital

2015

2014

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100

TWIRLY DESIGNS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2015

- 3 -

Related party relationships and transactions

Loan from director

The following director has provided interest free loan during the year. The movement on this loan is as follows:

Description

% Rate

Opening Balance

Amounts Advanced

Interest Charged

Amounts Repaid

Closing Balance

Darren Voisey -

312

208

520

312

208

520

Included in creditors : amounts falling due within one year is an interest free loan from the director of £520 (2014- £312). There are no fixed terms for repayment.