Abbreviated Company Accounts - TIME CONSTRUCTION LIMITED

Abbreviated Company Accounts - TIME CONSTRUCTION LIMITED

TIME CONSTRUCTION LIMITED - Company Information

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Registered Number 09280580

TIME CONSTRUCTION LIMITED

Abbreviated Accounts

31 July 2015

TIME CONSTRUCTION LIMITED Registered Number 09280580

Abbreviated Balance Sheet as at 31 July 2015

Notes 2015
£
Fixed assets
Tangible assets 2 6,000
6,000
Current assets
Stocks 6,000
Debtors 252
Cash at bank and in hand 100
6,352
Creditors: amounts falling due within one year (5,666)
Net current assets (liabilities) 686
Total assets less current liabilities 6,686
Total net assets (liabilities) 6,686
Capital and reserves
Called up share capital 100
Profit and loss account 6,586
Shareholders' funds 6,686
  • For the year ending 31 July 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 20 April 2016

And signed on their behalf by:
Bulent Tasbilek, Director

TIME CONSTRUCTION LIMITED Registered Number 09280580

Notes to the Abbreviated Accounts for the period ended 31 July 2015

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.

Turnover policy
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Motor vehicles 25% reducing balance

2Tangible fixed assets
£
Cost
Additions 8,000
Disposals -
Revaluations -
Transfers -
At 31 July 2015 8,000
Depreciation
Charge for the year 2,000
On disposals -
At 31 July 2015 2,000
Net book values
At 31 July 2015 6,000