K.A. TERRY LIMITED Accounts filed on 30-04-2015
K.A. TERRY LIMITED Accounts filed on 30-04-2015
K.A. TERRY LIMITED
Company Registration Number:
03931218 (England and Wales)
Abbreviated (Unaudited) Accounts
Period of accounts
Start date: 01st May 2014
End date: 30th April 2015
SUBMITTED
K.A. TERRY LIMITED
Company Information
for the Period Ended
30th April 2015
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K.A. TERRY LIMITED
Abbreviated Balance sheet
As at 30th April 2015
| Notes | 2015 £ |
2014 £ |
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| Fixed assets | |||
| Tangible assets: | 5 |
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| Total fixed assets: |
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| Current assets | |||
| Stocks: |
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| Debtors: | 7 |
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| Total current assets: |
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| Creditors | |||
| Creditors: amounts falling due within one year | 8 |
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| Net current assets (liabilities): | ( |
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| Total assets less current liabilities: | ( |
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| Provision for liabilities: |
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0 | |
| Total net assets (liabilities): | ( |
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The notes form part of these financial statements
K.A. TERRY LIMITED
Abbreviated Balance sheet
As at 30th April 2015
continued
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2014 £ |
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| Capital and reserves | |||
| Called up share capital: | 9 |
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| Profit and Loss account: | ( |
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| Total shareholders funds: | ( |
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The financial statements were approved by the Board of Directors on
SIGNED ON BEHALF OF THE BOARD BY:
Name: K A Terry
Status: Director
The notes form part of these financial statements
K.A. TERRY LIMITED
Notes to the Abbreviated Accounts
for the Period Ended
30th April 2015
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1. Accounting policies
Basis of measurement and preparation of accounts
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). Going Concern - The financial statements have been prepared on a going concern basis which is dependent on the continued support of the director. The director has indicated her intention to continue to provide financial support for a period of not less than 12 months from the date of signing the accounts. On this basis, the director considers it appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustments that would result from a withdrawal of such financial support. Turnover policy
Turnover represents net invoiced sales of goods, excluding value added tax. Tangible fixed assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Office equipment - 33% on cost Fixtures and fittings - 25% on cost. Other accounting policies
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
K.A. TERRY LIMITED
Notes to the Abbreviated Accounts
for the Period Ended
30th April 2015
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5. Tangible assets
Total Cost £ At 01st May 2014: 3,856 At 30th April 2015: 3,856 Depreciation At 01st May 2014: 3,076 Charge for year: 410 At 30th April 2015: 3,486 Net book value At 30th April 2015: 370 At 30th April 2014: 780
K.A. TERRY LIMITED
Notes to the Abbreviated Accounts
for the Period Ended
30th April 2015
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7. Debtors
2015
£2014
£Trade debtors: 2,921 15,614 Other debtors: - 236 Total: 2,921 15,850
K.A. TERRY LIMITED
Notes to the Abbreviated Accounts
for the Period Ended
30th April 2015
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8. Creditors: amounts falling due within one year
2015
£2014
£Bank loans and overdrafts: 24,905 24,401 Trade creditors: 202 22,265 Taxation and social security: 2,965 189 Other creditors: 19,832 28,399 Total: 47,904 75,254
K.A. TERRY LIMITED
Notes to the Abbreviated Accounts
for the Period Ended
30th April 2015
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11. Related party disclosures
Name of the ultimate controlling party during the period: K A Terry Name of related party: K A Terry Relationship: Director Description of the transaction: Loan to company Balance at 01st May 2014 3,007 Balance at 30th April 2015 14,735