Ty-Carreg Holdings Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 06794348 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 JULY 2015

FOR

TY-CARREG HOLDINGS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mr M D Christopher

SECRETARY:

Mrs H Christopher

REGISTERED OFFICE:

Unit

13

Llantrisant Business Park

Llantrisant

Pontyclun

CF72 8LF

REGISTERED NUMBER:

06794348 (England and Wales)

ACCOUNTANT:

Linghams Chartered Accountants

7-8 Raleigh Walk

Waterfront 2000

Brigantine Place

Cardiff

South Glamorgan

CF10 4LN

FIXED ASSETS

Intangible assets

2

49,500

55,000

Tangible assets

3

2,148,173

2,091,996

2,197,673

2,146,996

CURRENT ASSETS

Debtors

35,214

75,854

Investments

1,300

Cash at bank

-

9,020

36,514

86,174

CREDITORS

Amounts falling due within one year

4

814,672

668,025

NET CURRENT LIABILITIES

(778,158

)

(581,851

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,419,515

1,565,145

CREDITORS

Amounts falling due after more than one
year

4

1,483,415

1,686,197

NET LIABILITIES

(63,900

)

(121,052

)

CAPITAL AND RESERVES

Called up share capital

5

1,000

Profit and loss account

(64,900

)

(122,052

)

SHAREHOLDERS' FUNDS

(63,900

)

(121,052

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 2 August 2015 and were signed by:

Mr M D Christopher - 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on cost

Motor vehicles

-

15% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those

held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance

leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period.

The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2014

and 31 July 2015

110,000

AMORTISATION

At 1 August 2014

55,000

Amortisation for year

5,500

At 31 July 2015

60,500

NET BOOK VALUE

At 31 July 2015

49,500

At 31 July 2014

55,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2014

3,004,002

Additions

106,384

Disposals

(60,695

)

At 31 July 2015

3,049,691

DEPRECIATION

At 1 August 2014

912,006

Charge for year

50,207

Eliminated on disposal

(60,695

)

At 31 July 2015

901,518

NET BOOK VALUE

At 31 July 2015

2,148,173

At 31 July 2014

2,091,996

4.

CREDITORS

Creditors include an amount of £ 440,620 (31.7.14 - £ 464,724 ) for which security has been given.

They also include the following debts falling due in more than five years:

31.7.15

31.7.14

£

Repayable by instalments

231,151

255,255

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.15

31.7.14

value:

£

1,000

Ordinary Shares

£1

1,000