Abbreviated Company Accounts - TRUST FACILITIES HOLDINGS LIMITED

TRUST FACILITIES HOLDINGS LIMITED - Company Information

06554771 TRUST FACILITIES HOLDINGS LIMITED 2014-11-30 false 2013-06-01 2014-11-30 true 06554771 2013-06-01 2014-11-30 06554771 2014-11-30 06554771 2013-05-31 06554771 uk-gaap-cd-bus:Director1 2013-06-01 2014-11-30 06554771 uk-gaap-cd-bus:Director2 2013-06-01 2014-11-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-06-01 2014-11-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-11-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-05-31 iso4217:GBP shares

Registered Number 06554771

TRUST FACILITIES HOLDINGS LIMITED

Abbreviated Accounts

30 November 2014

TRUST FACILITIES HOLDINGS LIMITED Registered Number 06554771

Abbreviated Balance Sheet as at 30 November 2014

	Notes	30/11/2014	31/05/2013
		£	£
Fixed assets
Tangible assets	2	3,363	5,811
		3,363	5,811
Current assets
Debtors		414,068	96,070
Cash at bank and in hand		575	785
		414,643	96,855
Creditors: amounts falling due within one year		(440,127)	(267,922)
Net current assets (liabilities)		(25,484)	(171,067)
Total assets less current liabilities		(22,121)	(165,256)
Creditors: amounts falling due after more than one year		(341,076)	-
Total net assets (liabilities)		(363,197)	(165,256)
Capital and reserves
Called up share capital	3	294	294
Profit and loss account		(363,491)	(165,550)
Shareholders' funds		(363,197)	(165,256)

For the year ending 30 November 2014 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 Newsham, Director

TRUST FACILITIES HOLDINGS LIMITED Registered Number 06554771

Notes to the Abbreviated Accounts for the period ended 30 November 2014

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.
As at 30 November 2014 the company had net liabilities of £363,197 (2013 - £165,256). On 13 November 2014 the company entered into a Voluntary Agreement with the creditors and has agreed to pay £500 a month against the outstanding balances for the next 5 years. The company expects to continue with repayments therefore the directors believe the company to be a going concern

Turnover policy
Turnover represents amounts receivable for goods and services net of VAT 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 less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings & equipment 20% & 33% reducing balance
Motor vehicles 20% reducing balance

2Tangible fixed assets

	£
Cost
At 1 June 2013	21,253
Additions	-
Disposals	(1,000)
Revaluations	-
Transfers	-
At 30 November 2014	20,253
Depreciation
At 1 June 2013	15,442
Charge for the year	1,936
On disposals	(488)
At 30 November 2014	16,890
Net book values
At 30 November 2014	3,363
At 31 May 2013	5,811

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

	30/11/2014 £	31/05/2013 £
294 Ordinary shares of £1 each	294	294