Abbreviated Company Accounts - TLMC LTD

07160443 TLMC LTD 2015-02-27 false 2014-03-01 2015-02-27 true 07160443 2014-03-01 2015-02-27 07160443 2015-02-27 07160443 2014-02-28 07160443 uk-gaap-cd-bus:Director1 2014-03-01 2015-02-27 07160443 uk-gaap-cd-bus:Director2 2014-03-01 2015-02-27 uk-gaap-cd-bus:Director3 2014-03-01 2015-02-27 uk-gaap-cd-bus:Director3 2015-02-27 uk-gaap-cd-bus:Director3 2014-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-01 2015-02-27 uk-gaap-cd-bus:OrdinaryShareClass1 2015-02-27 uk-gaap-cd-bus:OrdinaryShareClass1 2014-02-28 uk-gaap-cd-bus:OrdinaryShareClass2 2014-03-01 2015-02-27 uk-gaap-cd-bus:OrdinaryShareClass2 2015-02-27 uk-gaap-cd-bus:OrdinaryShareClass2 2014-02-28 iso4217:GBP shares

Registered Number 07160443

TLMC LTD

Abbreviated Accounts

27 February 2015

TLMC LTD Registered Number 07160443

Abbreviated Balance Sheet as at 27 February 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	584	911
		584	911
Current assets
Debtors		61,532	21,534
Cash at bank and in hand		44,715	25,729
		106,247	47,263
Creditors: amounts falling due within one year		(257,801)	(122,781)
Net current assets (liabilities)		(151,554)	(75,518)
Total assets less current liabilities		(150,970)	(74,607)
Total net assets (liabilities)		(150,970)	(74,607)
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		(151,070)	(74,707)
Shareholders' funds		(150,970)	(74,607)

For the year ending 27 February 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 29 February 2016

And signed on their behalf by:
Mr R Collingwood, Director

TLMC LTD Registered Number 07160443

Notes to the Abbreviated Accounts for the period ended 27 February 2015

1Accounting Policies

Basis of measurement and preparation of accounts
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 policy
The turnover shown in the profit and loss account represents amounts invoiced during the period, exclusive of Value Added Tax.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Plant & Machinery - 3 years straight-line

Other accounting policies
Fixed assets

All fixed assets are initially recorded at cost.

Operating lease agreements

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Going concern

The accounts have been prepared on a going concern basis despite the company's net liability position.

The directors have prepared financial forecasts for the business and have a reasonable expectation that it will be able to meet its liabilities as they fall due.

2Tangible fixed assets

	£
Cost
At 1 March 2014	982
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 27 February 2015	982
Depreciation
At 1 March 2014	71
Charge for the year	327
On disposals	-
At 27 February 2015	398
Net book values
At 27 February 2015	584
At 28 February 2014	911

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

	2015 £	2014 £
50 A Ordinary shares of £1 each	50	50
50 B Ordinary shares of £1 each	50	50

4Transactions with directors

Name of director receiving advance or credit:	Mr R Collingwood
Description of the transaction:	Repayment of advances
Balance at 1 March 2014:	£ 9,560
Advances or credits made:	-
Advances or credits repaid:	£ 8,000
Balance at 27 February 2015:	£ 1,560