Castle Tynings Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 02965936

Abbreviated Unaudited Accounts

for the Year Ended 31 December 2015

for

Castle Tynings Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

Chartered Accountants' Report

4

DIRECTOR:

P F Thawley

REGISTERED OFFICE:

Castle Farm

Bridgwater Road

Bristol

Avon

BS13 8AF

REGISTERED NUMBER:

02965936

ACCOUNTANTS:

Tomkinson Teal (Lichfield) LLP

Hanover Court

5 Queen Street

Lichfield

Staffordshire

WS13 6QD

FIXED ASSETS

Tangible assets

2

298

354

CURRENT ASSETS

Stocks

-

970

Debtors

27,000

-

Cash at bank

57,986

22,158

84,986

23,128

CREDITORS

Amounts falling due within one year

(28,947

)

(5,535

)

NET CURRENT ASSETS

56,039

17,593

TOTAL ASSETS LESS CURRENT
LIABILITIES

56,337

17,947

CAPITAL AND RESERVES

Called up share capital

3

4

Profit and loss account

56,333

17,943

SHAREHOLDERS' FUNDS

56,337

17,947

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 23 March 2016 and were signed by:

P F Thawley - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost and 15% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

and 31 December 2015

7,932

DEPRECIATION

At 1 January 2015

7,578

Charge for year

56

At 31 December 2015

7,634

NET BOOK VALUE

At 31 December 2015

298

At 31 December 2014

354

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

2

Ordinary 'A'

£1

2

Ordinary 'B'

£1

2

4

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to three)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Castle Tynings Limited for the year ended 31 December 2015 which comprise the Profit and

Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the director of Castle Tynings Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Castle Tynings Limited and state those matters that we have agreed to state to the director of Castle Tynings Limited in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Castle Tynings Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Castle Tynings Limited. You consider that Castle Tynings Limited is exempt from the statutory audit requirement for the year.