T.K Starley Ltd - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 08430708 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

FOR

T.K STARLEY LTD

Page

Abbreviated Balance Sheet

1

Notes to the Abbreviated Accounts

2

FIXED ASSETS

Tangible assets

2

1,364

1,819

CURRENT ASSETS

Debtors

1,915

5,134

Cash at bank

1,968

821

3,883

5,955

CREDITORS

Amounts falling due within one year

9,567

7,405

NET CURRENT LIABILITIES

(5,684

)

(1,450

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(4,320

)

369

PROVISIONS FOR LIABILITIES

-

364

NET (LIABILITIES)/ASSETS

(4,320

)

5

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

(4,322

)

3

SHAREHOLDERS' FUNDS

(4,320

)

5

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 21 December 2015 and were signed on its behalf by:

J K T Starley - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The accounts have been prepared in accordance with applicable accounting standards. The principal accounting

policies adopted in the preparation of the financial statements are set out below and have remained unchanged

from the previous period.

At the balance sheet date the company had net current liabilities of £5,684 (2014 - £1,450) and total net

liabilities of £4,320 (2014 - total net assets of £5). The directors have expressed their willingness to support the

company as necessary and along with the forecasted future profitable trade the business is considered a going

concern. The accounts and financial statements have therefore been prepared on a going concern basis.

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 comprises the value of sales (net of value added tax) of goods and services provided in the normal

course of business. Revenue is recognised in respect of service contracts when the company obtains the right to

consideration.

Tangible fixed assets

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

Fixtures, fittings and equipment

-

25% on reducing balance

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 April 2014

and 31 March 2015

2,426

DEPRECIATION

At 1 April 2014

607

Charge for year

455

At 31 March 2015

1,062

NET BOOK VALUE

At 31 March 2015

1,364

At 31 March 2014

1,819

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

2

Ordinary

£1

2

2

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 31 March 2015 and the period

ended 31 March 2014:

2015

2014

£

£

J K T Starley

Balance outstanding at start of year

337

-

Amounts advanced

-

7,485

Amounts repaid

(2,293

)

(7,148

)

Balance outstanding at end of year

(1,956

)

337

Ms L H Goldby

Balance outstanding at start of year

336

-

Amounts advanced

-

7,484

Amounts repaid

(2,293

)

(7,148

)

Balance outstanding at end of year

(1,957

)

336