Abbreviated Company Accounts - T U K LTD
Abbreviated Company Accounts - T U K LTD
Registered Number 03532388
T U K LTD
Abbreviated Accounts
30 April 2015
T U K LTD Registered Number 03532388
Abbreviated Balance Sheet as at 30 April 2015
Notes | 2015 | 2014 | |
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£ | £ | ||
Called up share capital not paid |
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Fixed assets | |||
Intangible assets | 2 |
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Tangible assets | 3 |
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Investments | 4 |
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Current assets | |||
Stocks |
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Debtors |
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Investments |
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Cash at bank and in hand |
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Prepayments and accrued income |
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Creditors: amounts falling due within one year |
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Net current assets (liabilities) |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
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Provisions for liabilities |
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Accruals and deferred income |
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Total net assets (liabilities) |
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Capital and reserves | |||
Called up share capital | 5 |
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Share premium account |
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Revaluation reserve |
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Other reserves |
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Profit and loss account |
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Shareholders' funds |
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For the year ending 30 April 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The directors acknowledge their 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.
Approved by the Board on
And signed on their behalf by:
T U K LTD Registered Number 03532388
Notes to the Abbreviated Accounts for the period ended 30 April 2015
1Accounting 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.
The principal accounting policies of the company have remained unchanged from the previous year and are set out below.
Turnover policy
Tangible assets depreciation policy
Leasehold property - 10% reducing balance
Plant and machinery - 20% reducing balance
Fixtures and fittings - 20% reducing balance
Equipment - 20% reducing balance
Computers - 33% reducing balance
Intangible assets amortisation policy
Amortisation
Goodwill - 5% straight line
Valuation information and policy
Other accounting policies
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.
Pension costs
The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. The annual contributions payable are charged to the profit and loss account.
Deferred taxation
Provision is made, under the liability method, to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted in respect of all material timing differences to the extent that it is considered that a net liability may arise.
Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Translations in foreign currencies are translated into sterling at the rate of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all its liabilities.
Accruals
According to FRS102 unpaid holiday entitlement at the year end has been accrued in the financial statements.
£ | |
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Cost | |
At 1 May 2014 |
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Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 30 April 2015 |
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Amortisation | |
At 1 May 2014 |
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Charge for the year |
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On disposals |
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At 30 April 2015 |
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Net book values | |
At 30 April 2015 | 1,497 |
At 30 April 2014 | 1,996 |
£ | |
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Cost | |
At 1 May 2014 |
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Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 30 April 2015 |
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Depreciation | |
At 1 May 2014 |
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Charge for the year |
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On disposals |
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At 30 April 2015 |
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Net book values | |
At 30 April 2015 | 5,823 |
At 30 April 2014 | 5,794 |
4Fixed assets Investments