Taymart Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: SC144293 (Scotland)

TAYMART 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:

P A Oxton

Mrs M S Oxton

Mrs M E Sloan

SECRETARY:

Mrs M S Oxton

REGISTERED OFFICE:

Glenlyle House 1 William Brown Road

St. Boswells

Melrose

Roxburghshire

TD6 0DN

REGISTERED NUMBER:

SC144293 (Scotland)

ACCOUNTANTS:

Dexter & Sharpe (Boston)

The Old Vicarage

Church Close

Boston

Lincolnshire

PE21 6NA

FIXED ASSETS

Intangible assets

2

1,557

3,858

Tangible assets

3

12,333

12,962

13,890

16,820

CURRENT ASSETS

Debtors

2,187

2,140

Cash at bank

-

1,044

2,187

3,184

CREDITORS

Amounts falling due within one year

3,043

4,099

NET CURRENT LIABILITIES

(856

)

(915

)

TOTAL ASSETS LESS CURRENT LIABILITIES

13,034

15,905

CREDITORS

Amounts falling due after more than one year

4

27,000

27,000

NET LIABILITIES

(13,966

)

(11,095

)

CAPITAL AND RESERVES

Called up share capital

5

200

200

Profit and loss account

(14,166

)

(11,295

)

SHAREHOLDERS' FUNDS

(13,966

)

(11,095

)

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 25 January 2016 and were signed on its behalf by:

P A Oxton - 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 services, excluding value added tax.

Intangible fixed assets

Intangible fixed assets are being amortised over their expected useful life of 5 years.

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

-

25% on reducing balance and 15% on reducing balance

Motor vehicles

-

25% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis

over the period of the lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2014

and 30 April 2015

11,502

AMORTISATION

At 1 May 2014

7,644

Amortisation for year

2,301

At 30 April 2015

9,945

NET BOOK VALUE

At 30 April 2015

1,557

At 30 April 2014

3,858

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2014

22,098

Additions

1,547

At 30 April 2015

23,645

DEPRECIATION

At 1 May 2014

9,136

Charge for year

2,176

At 30 April 2015

11,312

NET BOOK VALUE

At 30 April 2015

12,333

At 30 April 2014

12,962

4.

CREDITORS

Creditors include the following debts falling due in more than five years:

2015

2014

£

£

Repayable otherwise than by instalments

27,000

27,000

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

200

Ordinary Shares

£1

200

200

6.	GOING CONCERN

As disclosed on the balance sheet the company had net liabilities as at 30th April 2015 of £13,966

(2014 £11,095). The company is trading profitably in the current year and thus the directors consider

it appropriate for the accounts to be prepared on a going concern basis.