Abbreviated Company Accounts - TIMSET LTD

07420549 TIMSET LTD 2015-02-28 false 2014-03-01 2015-02-28 true 07420549 2014-03-01 2015-02-28 07420549 2015-02-28 07420549 2014-02-28 07420549 uk-gaap-cd-bus:Director1 2014-03-01 2015-02-28 07420549 uk-gaap-cd-bus:Director2 2014-03-01 2015-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-01 2015-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2015-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2014-02-28 iso4217:GBP shares

Registered Number 07420549

TIMSET LTD

Abbreviated Accounts

28 February 2015

TIMSET LTD Registered Number 07420549

Abbreviated Balance Sheet as at 28 February 2015

	Notes	2015	2014
		£	£
Fixed assets
Intangible assets	2	9,720	11,340
		9,720	11,340
Current assets
Stocks		1,495	1,195
Cash at bank and in hand		423	357
		1,918	1,552
Creditors: amounts falling due within one year		(23,614)	(21,439)
Net current assets (liabilities)		(21,696)	(19,887)
Total assets less current liabilities		(11,976)	(8,547)
Total net assets (liabilities)		(11,976)	(8,547)
Capital and reserves
Called up share capital	3	1	1
Profit and loss account		(11,977)	(8,548)
Shareholders' funds		(11,976)	(8,547)

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 20 October 2015

And signed on their behalf by:
PARVEEN BAGUM, Director

TIMSET LTD Registered Number 07420549

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 the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

2Intangible fixed assets

	£
Cost
At 1 March 2014	16,200
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 28 February 2015	16,200
Amortisation
At 1 March 2014	4,860
Charge for the year	1,620
On disposals	-
At 28 February 2015	6,480
Net book values
At 28 February 2015	9,720
At 28 February 2014	11,340

Goodwill is being written off in equal annual instalments over its estimated economic life of 10
years.

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

	2015 £	2014 £
1 Ordinary shares of £1 each	1	1