Taylor Made Signs and Graphics Limited - Abbreviated accounts

TAYLOR MADE SIGNS AND GRAPHICS LIMITED - Company Information

Registered number

05325566

Taylor Made Signs and Graphics Limited

Abbreviated Accounts

31 January 2014

Taylor Made Signs and Graphics Limited
Registered number:		05325566
Abbreviated Balance Sheet
as at 31 January 2014

Notes			2014			2013
£				£
Fixed assets
Tangible assets	2		15,876			17,784

Current assets
Stocks		5,800			3,600
Debtors		32,979			17,854
Cash at bank and in hand		2,843			3,906
		41,622			25,360

Creditors: amounts falling due within one year		(50,130)			(44,170)

Net current liabilities			(8,508)			(18,810)

Total assets less current liabilities			7,368			(1,026)

Creditors: amounts falling due after more than one year			-			(903)

Provisions for liabilities			(3,175)			(1,141)


Net assets/(liabilities)			4,193			(3,070)

Capital and reserves
Called up share capital	3		100			100
Profit and loss account			4,093			(3,170)

Shareholders' funds			4,193			(3,070)

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
Members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



D Taylor
Director
Approved by the board on 18 August 2014

Taylor Made Signs and Graphics Limited
Notes to the Abbreviated Accounts
for the year ended 31 January 2014

1	Accounting policies

	Basis of preparation
	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
	Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

	Depreciation
	Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

	Plant and machinery			15 % Reducing balance
	Motor vehicles			25% Reducing balance

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

	Deferred taxation
	Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.

	Leasing and hire purchase commitments
	Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding. Rentals paid under operating leases are charged to income on a straight line basis over the lease term.


2	Tangible fixed assets					£

	Cost
	At 1 February 2013					26,612
	Additions					1,490
	At 31 January 2014					28,102

	Depreciation
	At 1 February 2013					8,828
	Charge for the year					3,398
	At 31 January 2014					12,226

	Net book value
	At 31 January 2014					15,876
	At 31 January 2013					17,784


3	Share capital	Nominal		2014		2014		2013
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		100		100		100