Accounts filed on 31-08-2015

Accounts filed on 31-08-2015

THIRMCO LIMITED - Company Information

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THIRMCO LIMITED

Company Registration Number:
06671974 (England and Wales)

Report of the Directors and Unaudited Micro-Entity Financial Statements

Period of accounts

Start date: 01 September 2014

End date: 31 August 2015

THIRMCO LIMITED

Contents of the Financial Statements

for the Period Ended 31 August 2015

Company Information
Report of the Directors
Profit and Loss Account
Balance sheet
Notes to the Micro-Entity Accounts

THIRMCO LIMITED

Company Information

for the Period Ended 31 August 2015




Director: Nigel Sanchez
Meindert de Groot
Secretary: Nigel Sanchez
Registered office: Unit 2
Crown Avenue Industrial Estate
Tredegar
NP22 4EE
Company Registration Number: 06671974 (England and Wales)

THIRMCO LIMITED

Directors' Report Period Ended 31 August 2015

The directors present their report with the financial statements of the company for the period ended 31 August 2015

Principal activities

The Company manufactures and sells hot ink rollers

Directors
 The directors shown below have held office during the whole of the period from
01 September 2014 to 31 August 2015
Nigel Sanchez
Meindert de Groot

Political and charitable donations

There were no charitable or political donations made during the year.

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on 17 October 2015
And Signed On Behalf Of The Board By:

Name: Nigel Sanchez
Status: Director

THIRMCO LIMITED

Micro-Entity Profit and Loss Account

for the Period Ended 31 August 2015


Notes
2015
£
2014
£
Turnover: 112,108 164,626
Other Income: 11 186
Cost of raw materials and consumables: ( 41,561 ) ( 48,786 )
Staff costs: ( 67,489 ) ( 63,986 )
Depreciation and other amounts written off assets: ( 4,518 ) ( 6,040 )
Other Charges: ( 23,904 ) ( 24,835 )
Tax: ( 1 ) ( 4,245 )
Profit or (loss): ( 25,354 ) 16,920

THIRMCO LIMITED

Micro-Entity Balance sheet

As at 31 August 2015


Notes
2015
£
2014
£
Called up share capital not paid: 0 0
Fixed assets
Tangible assets: 2 0 4,518
Total fixed assets: 0 4,518
Current assets: 60,008 98,656
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 3 ( 18,868 ) ( 35,777 )
Net current assets (liabilities): 41,140 62,879
Total assets less current liabilities: 41,140 67,397
Creditors: amounts falling due after more than one year: 0 ( 903 )
Provision for liabilities: 0 0
Accruals and deferred income: 0
Total net assets (liabilities): 41,140 66,494
Capital and reserves: 41,140 66,494

THIRMCO LIMITED

Balance sheet continued

As at 31 August 2015

For the year ending 31 August 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 of the small companies regime applicable to micro-entities.

The financial statements were approved by the Board of Directors on 17 October 2015

SIGNED ON BEHALF OF THE BOARD BY:

Name: Nigel Sanchez
Status: Director

THIRMCO LIMITED

Notes to the Micro-Entity Accounts

for the Period Ended 31 August 2015

  • 1. Accounting policies

    Basis of measurement and preparation of accounts

    The Accounts have been prepared in accordance with applicable accounting standards under the historic cost convention with the Financial Reporting for Smaller Entities

    Turnover policy

    Turnover represents the total invoiced value, excluding VAT, of sales during the year and derives from the provision of goods falling within the Company's ordinary activities.

    Tangible fixed assets depreciation policy

    Depreciation has been provided at rates calculated to write off the cost of the asset, less their residual value, over their estimated useful lives as follows:
    Office and computer equipment - 25% straight line method
    Fixtures and fittings - 25% straight line method
    Plant and machinery - 15% straight line method

    Valuation information and policy

    Stock is valued at the lower of cost and net realisable value.

    Other accounting policies

    Taxation:
    (1) Corporation tax payable is provided on taxable profits at the current rate .
    (2) Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. Deferred tax assets are only recognised when recovery is likely.

    Foreign currencies:
    Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange prevailing at the accounting date. Transactions in foreign currencies are recorded at the date of the transaction. All differences are taken to the Profit and Loss Account.

THIRMCO LIMITED

Notes to the Micro-Entity Accounts

for the Period Ended 31 August 2015

  • 2. Tangible assets

    Land and buildings Plant and Machinery Fixtures and fittings Office Equipment Motor vehicles Total
    Cost £ £ £ £ £ £
    01 September 2014: - 38,781 - 7,286 - 46,067
    Additions: - 0 - 0 - 0
    Disposals: - 0 - 0 - 0
    Revaluations: - 0 - 0 - 0
    Transfers: - 0 - 0 - 0
    31 August 2015: - 38,781 - 7,286 - 46,067
    Depreciation
    01 September 2014: - 34,903 - 6,646 - 41,549
    Charge for year: - 3,878 - 640 - 4,518
    On disposals: - 0 - 0 - 0
    Other adjustments: - 0 - 0 - 0
    31 August 2015: - 38,781 - 7,286 - 46,067
    Net book value
    31 August 2015: - 0 - 0 - 0
    31 August 2014: - 3,878 - 640 - 4,518

THIRMCO LIMITED

Notes to the Micro-Entity Accounts

for the Period Ended 31 August 2015

  • 3. Creditors: amounts falling due within one year


    2015
    £
    2014
    £
    Bank loans and overdrafts: 0 0
    Amounts due under finance leases and hire purchase contracts: 0 0
    Trade creditors: 446 1,383
    Taxation and social security: 1,922 6,004
    Accruals and deferred income: 1,500 4,100
    Other creditors: 15,000 24,290
    Total: 18,868 35,777

THIRMCO LIMITED

Notes to the Micro-Entity Accounts

for the Period Ended 31 August 2015

  • 4. Transactions with directors

    Name of director receiving advance or credit Nigel Sanchez
    Description of the transaction Unsecured interest-free loan - repayable on demand
    Balance at 01 September 2014 12,000
    Advances or credits repaid 4,500
    Balance at 31 August 2015 7,500
    Name of director receiving advance or credit Meindert de Groot
    Description of the transaction Unsecured interest for loan repayable on demand
    Balance at 01 September 2014 12,000
    Advances or credits made 0
    Advances or credits repaid 4,500
    Balance at 31 August 2015 7,500