Transmaster Limited,Ltd - Accounts

Transmaster Limited,Ltd - Accounts

TRANSMASTER LIMITED - Company Information

Print Friendly Version

2014-04-01 true false Private Limited Company 06562206 2015-03-31 06562206 2014-04-01 2015-03-31 06562206 2014-03-31 06562206 2013-04-01 2014-03-31 06562206 uk-bus:Director1 2014-04-01 2015-03-31 06562206 uk-gaap:ComputerEquipment 2014-04-01 2015-03-31 06562206 uk-gaap:FixturesFittings 2014-04-01 2015-03-31 06562206 uk-gaap:WithinOneYear 2015-03-31 06562206 uk-gaap:WithinOneYear 2014-03-31 06562206 uk-gaap:AfterOneYear 2015-03-31 06562206 uk-gaap:AfterOneYear 2014-03-31 06562206 uk-bus:AllOrdinaryShares 2015-03-31 iso4217:GBP
Transmaster Limited
For the year ended 31 March 2015
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 06562206
2
Contents Page
Transmaster Limited
For the year ended 31 March 2015
1
Accountant's Report
2
Balance Sheet
3 to 4
Notes to the Abbreviated Financial Statements
3
Transmaster Limited
Accountant's Report
For the year ended 31 March 2015
In order to assist you to fulfil your duties under Companies Act 2006, we have prepared for your approval the
accounts of Transmaster Limited for the year ended 31 March 2015 which comprise the Profit and Loss Account,
the Balance Sheet and the related notes from the company's accounting records and from information and
explanations you have given us.
As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and
other professional requirements which are detailed at http://rulebook.accaglobal.com.
This report is made solely to the Board of Directors of Transmaster Limited, as a body, in accordance with the
terms of our engagement letter dated 18 December 2014. Our work has been undertaken solely to prepare for
your approval the accounts of Transmaster Limited and state those matters that we have agreed to state to the
Board of Directors of Transmaster Limited, as a body, in this report in accordance with the requirements of the
Association of Chartered Certified Accountants and as detailed at http://www.accaglobal.com/factsheet163. To
the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Transmaster
Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Transmaster Limited has kept adequate accounting records and to prepare statutory
accounts that give a true and fair view of the assets, liabilities, financial position and loss of Transmaster
Limited. You consider that Transmaster Limited is exempt from the statutory audit requirement for the year.
Enterprise Chartered Certified Accountants
8 Castlegate
Tickhill
Doncaster
South Yorkshire
DN11 9QU
1 of 4
4
Abbreviated Balance Sheet
Transmaster Limited
As at 31 March 2015
06562206
Registered Number :
£
£
2015
Notes
2014
Fixed assets
Tangible assets
2
530
8,206
530
8,206
Current assets
Debtors
218
16
Cash at bank and in hand
1
1
17
219
Creditors: amounts falling due within one year
3
(26,754)
(38,627)
(26,535)
(38,610)
Net current liabilities
Total assets less current liabilities
(38,080)
(18,329)
Creditors: amounts falling due after more than one year
4
(6,333)
-
(38,080)
Net liabilities
(24,662)
Capital and reserves
Called up share capital
100
5
100
Profit and loss account
(38,180)
(24,762)
(38,080)
(24,662)
Shareholders funds
For the 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 responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
2) The director acknowledges his 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.
Date approved by the board: 04 December 2015
D R Waiton Director
Signed on behalf of the board of directors
2 of 4
5
Notes to the Abbreviated Financial Statements
Transmaster Limited
For the year ended 31 March 2015
1 Accounting Policies
Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Going Concern
The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the director who has undertaken to provide such support for the foreseeable future. If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer Equipment
50% Straight line
Fixtures and Fittings
25 % 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. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
3 of 4
6
Notes to the Abbreviated Financial Statements
Transmaster Limited
For the year ended 31 March 2015
2 Tangible fixed assets
Tangible fixed
assets
Cost or valuation
£
22,381
At 01 April 2014
At 31 March 2015
22,381
Depreciation
14,175
At 01 April 2014
7,676
Charge for year
21,851
At 31 March 2015
Net book values
At 31 March 2015
530
8,206
At 31 March 2014
2015
3 Creditors: amounts falling due within one year
£
£
2014
-
4,000
Bank loans and overdrafts (secured)
Other creditors consist of accruals only
2014
2015
4 Creditors due after more than one year
£
£
-
6,333
Bank loans and overdrafts (secured)
5 Share capital
Allotted called up and fully paid
2015
2014
£
£
100 Ordinary shares of £1.00 each
100
100
100
100
4 of 4