Tegen Limited - Limited company - abbreviated

REGISTERED NUMBER: 04377913 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2015

FOR

TEGEN LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

R J Smith

R T A Neal

REGISTERED OFFICE:

30-34 North Street

Hailsham

East Sussex

BN27 1DW

REGISTERED NUMBER:

04377913 (England and Wales)

ACCOUNTANTS:

Watson Associates (Professional Services) Ltd

30 - 34 North Street

Hailsham

East Sussex

BN27 1DW

FIXED ASSETS

Tangible assets

2

49,399

25,996

CURRENT ASSETS

Stocks

22,144

38,505

Debtors

107,774

86,308

Cash at bank and in hand

38,055

40,055

167,973

164,868

CREDITORS

Amounts falling due within one year

160,325

145,261

NET CURRENT ASSETS

7,648

19,607

TOTAL ASSETS LESS CURRENT
LIABILITIES

57,047

45,603

CREDITORS

Amounts falling due after more than one
year

38,705

33,814

NET ASSETS

18,342

11,789

CAPITAL AND RESERVES

Called up share capital

3

90

Profit and loss account

18,252

11,699

SHAREHOLDERS' FUNDS

18,342

11,789

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2015 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 October 2015 and were signed on its behalf by:

R J Smith - 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 net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

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

Motor vehicles

-

20% on cost

Computer equipment

-

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2014

67,779

Additions

37,214

At 30 April 2015

104,993

DEPRECIATION

At 1 May 2014

41,783

Charge for year

13,811

At 30 April 2015

55,594

NET BOOK VALUE

At 30 April 2015

49,399

At 30 April 2014

25,996

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

9,000

Ordinary Founder

0.01

90

1

Ordinary Executive

0.01

-

90

During the year the 38 Ordinary A shares of £1 each and the 2 Ordinary B shares of £1 each were redesignated

as 4,000 Ordinary Founder shares of 1p each.

4.

CONTROL

The company is controlled by Mr R. Smith.

Tegen Limited - Limited company - abbreviated - 11.9

Tegen Limited - Limited company - abbreviated - 11.9