TGM CONTRACTORS LTD Small abbreviated accounts

TGM CONTRACTORS LIMITED - Company Information

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COMPANY REGISTRATION NUMBER 07803770

TGM CONTRACTORS LTD

ABBREVIATED ACCOUNTS

31 August 2015

JOHAL & CO

Chartered Accountants & Registered Auditors

167 Uxbridge Road

Hanwell

London

W7 3TH

TGM CONTRACTORS LTD

ABBREVIATED BALANCE SHEET

31 August 2015

	31 Aug 15	31 Oct 14
Note	£	£	£
FIXED ASSETS	2
Tangible assets		2,882	3,603
		-------	-------

CURRENT ASSETS

Debtors	12,953		25,836
Investments	9,338		-
Cash at bank and in hand	30,298		5,260
	---------		---------
	52,589		31,096
CREDITORS: Amounts falling due within one year	36,335		10,805
	---------		---------
NET CURRENT ASSETS		16,254	20,291
		---------	---------
TOTAL ASSETS LESS CURRENT LIABILITIES		19,136	23,894

CREDITORS: Amounts falling due after more than one year	5,330	22,773
	---------	---------
	13,806	1,121
	---------	---------

CAPITAL AND RESERVES

Called up equity share capital	3		100	100
Profit and loss account		13,706	1,021
		---------	-------
SHAREHOLDERS' FUNDS		13,806	1,121
		---------	-------

For the period from 1 November 2014 to 31 August 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These abbreviated accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime.

These abbreviated accounts were approved and signed by the director and authorised for issue on 15 December 2015 .

Mr S Mccullagh Director

Company Registration Number: 07803770

TGM CONTRACTORS LTD

NOTES TO THE ABBREVIATED ACCOUNTS

PERIOD FROM 1 NOVEMBER 2014 TO 31 AUGUST 2015

1. ACCOUNTING POLICIES

Basis of accounting

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

The turnover shown in the profit and loss account represents amounts invoiced during the period, exclusive of Value Added Tax.

Fixed assets

All fixed assets are initially recorded at cost.

Depreciation

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Equipment-20% Reducing balance method

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

2. FIXED ASSETS

	Tangible Assets
	£

COST

At 1 November 2014 and 31 August 2015	6,828
	-------

DEPRECIATION

At 1 November 2014	3,225
Charge for period	721
	-------
At 31 August 2015	3,946
	-------

NET BOOK VALUE

At 31 August 2015	2,882
	-------

At 31 October 2014	3,603
	-------

3. SHARE CAPITAL

Allotted, called up and fully paid:

31 Aug 15 31 Oct 14

No	£	No	£
Ordinary shares of £ 1 each	100	100	100	100
	----	----	----	----