Towing & Trailers Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 05738426 (England and Wales)

TOWING & TRAILERS LIMITED

ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 30 APRIL 2015

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

A D Burrows

D G Vesey

Mrs J A Burrows

REGISTERED OFFICE:

33 Chatsworth Road

Worksop

Nottinghamshire

S81 0LD

REGISTERED NUMBER:

05738426 (England and Wales)

ACCOUNTANTS:

Duncan Chartered Accountants

5 Cherrytree

Union Road

Sheffield

South Yorkshire

S11 9EF

FIXED ASSETS

Tangible assets

2

16,804

10,588

CURRENT ASSETS

Stocks

177,132

161,343

Debtors

16,015

14,191

Cash at bank and in hand

22,101

14,364

215,248

189,898

CREDITORS

Amounts falling due within one year

228,485

198,316

NET CURRENT LIABILITIES

(13,237

)

(8,418

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,567

2,170

PROVISIONS FOR LIABILITIES

3,120

1,825

NET ASSETS

447

345

CAPITAL AND RESERVES

Called up share capital

3

6

6

Profit and loss account

441

339

SHAREHOLDERS' FUNDS

447

345

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 26 January 2016 and were signed on its behalf by:

D G Vesey - Director

1.	ACCOUNTING POLICIES

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 represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

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

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2014

38,563

Additions

10,671

Disposals

(6,264

)

At 30 April 2015

42,970

DEPRECIATION

At 1 May 2014

27,975

Charge for year

4,455

Eliminated on disposal

(6,264

)

At 30 April 2015

26,166

NET BOOK VALUE

At 30 April 2015

16,804

At 30 April 2014

10,588

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

3

Ordinary

£1

3

3

3

Ordinary "A"

£1

3

3

6

6