Abbreviated Company Accounts - TGRC LTD

07360585 TGRC LTD 2015-12-31 false 2015-01-01 2015-12-31 true 07360585 2015-01-01 2015-12-31 07360585 2015-12-31 07360585 2014-12-31 07360585 uk-gaap-cd-bus:Director1 2015-01-01 2015-12-31 07360585 uk-gaap-cd-bus:Director2 2015-01-01 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-01-01 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-31 iso4217:GBP shares

Registered Number 07360585

TGRC LTD

Abbreviated Accounts

31 December 2015

TGRC LTD Registered Number 07360585

Abbreviated Balance Sheet as at 31 December 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	22,055	18,795
		22,055	18,795
Current assets
Debtors		562,368	442,546
Cash at bank and in hand		427,844	224,958
		990,212	667,504
Creditors: amounts falling due within one year		(321,584)	(256,050)
Net current assets (liabilities)		668,628	411,454
Total assets less current liabilities		690,683	430,249
Total net assets (liabilities)		690,683	430,249
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		690,583	430,149
Shareholders' funds		690,683	430,249

For the year ending 31 December 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 10 February 2016

And signed on their behalf by:
P Wall, Director

TGRC LTD Registered Number 07360585

Notes to the Abbreviated Accounts for the period ended 31 December 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & fittings - 25% written down value
Computer equipment - 3 years straight line method
Website - 3 years straight line method
Cycle - 3 years straight line method

Other accounting policies
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at rates of exchange ruling at the balance sheet date.
Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction.
Exchange gains and losses are recognised in the Profit and loss account.

2Tangible fixed assets

	£
Cost
At 1 January 2015	32,928
Additions	17,297
Disposals	(4,396)
Revaluations	-
Transfers	-
At 31 December 2015	45,829
Depreciation
At 1 January 2015	14,133
Charge for the year	13,042
On disposals	(3,401)
At 31 December 2015	23,774
Net book values
At 31 December 2015	22,055
At 31 December 2014	18,795

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
100 Ordinary shares of £1 each	100	100