Company Registration No. 07160354 (England and Wales)
TIPPERS CLASSIC & VINTAGE PLATES LTD
Abbreviated unaudited accounts
for the year ended 30 June 2015
TIPPERS CLASSIC & VINTAGE PLATES LTD
Abbreviated Balance Sheet
as at 30 June 2015
Tangible assets
4,288
12,836
Cash at bank and in hand
6,126
14,422
Creditors: amounts falling due within one year
(11,495)
(11,101)
Net current assets
15,915
25,482
Total assets less current liabilities
20,203
48,215
Creditors: amounts falling due after more than one year
(174,500)
(169,500)
Net liabilities
(154,297)
(121,285)
Called up share capital
10,000
10,000
Profit and loss account
(164,297)
(131,285)
Total shareholders' funds
(154,297)
(121,285)
For the year ending 30 June 2015 the company was entitled to exemption from audit 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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).
Approved by the board on 14 March 2016
Mr A D Waller
Director
Company Registration No. 07160354
TIPPERS CLASSIC & VINTAGE PLATES LTD
Notes to the Abbreviated Accounts
for the year ended 30 June 2015
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 represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% straight line
Motor vehicles
20% straight line
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives. Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
2
Intangible fixed assets
Goodwill
TIPPERS CLASSIC & VINTAGE PLATES LTD
Notes to the Abbreviated Accounts
for the year ended 30 June 2015
3
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
At 1 July 2014
59,183
5,000
64,183
At 30 June 2015
59,183
10,250
69,433
At 1 July 2014
47,347
4,000
51,347
Charge for the year
11,836
1,962
13,798
At 30 June 2015
59,183
5,962
65,145
At 30 June 2015
-
4,288
4,288
At 30 June 2014
11,836
1,000
12,836
Allotted, called up and fully paid:
10,000 Ordinary shares of £1 each
10,000
10,000
5
Transactions with directors
At 30 June 2015 Mr A D Waller had a current account with the company, showing the company owed him £1,818
6
Guarantees provided on behalf of directors
Maximum Liability Under Guarantees
Amount paid and liability incurred
Personal guarantee
10,000
-
Mr M F Waller has given a personal guarantee in respect of Rent payable for the property lease.
