Thomas Andrew Limited - Period Ending 2016-03-31

Registration number: 06469420

Thomas Andrew Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2016
 

Thomas Andrew Limited
Contents

Abbreviated Balance Sheet 1 to 2

Notes to the Abbreviated Accounts 3 to 5

Thomas Andrew Limited
(Registration number: 06469420)
Abbreviated Balance Sheet at 31 March 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets		2			39,123			19,595
Investments					180,000			180,000
					219,123			199,595
Current assets
Debtors					37,698			139
Cash at bank and in hand					29,053			18,694
					66,751			18,833
Creditors: Amounts falling due within one year		3			(130,607)			(75,567)
Net current liabilities					(63,856)			(56,734)
Total assets less current liabilities					155,267			142,861
Creditors: Amounts falling due after more than one year		3			(9,812)			(7,131)
Provisions for liabilities					(3,791)			(3,919)
Net assets					141,664			131,811
Capital and reserves
Called up share capital		4			100,000			100,000
Profit and loss account					41,664			31,811
Shareholders' funds					141,664			131,811

The notes on pages 3 to 5 form an integral part of these financial statements.
Page 1

Thomas Andrew Limited
(Registration number: 06469420)
Abbreviated Balance Sheet at 31 March 2016
......... continued

For the year ending 31 March 2016 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 26 May 2016 and signed on its behalf by:

.........................................
P A Ford
Director

The notes on pages 3 to 5 form an integral part of these financial statements.
Page 2

Thomas Andrew Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Exemption from preparing group accounts

The company is part of a small group. The company has taken advantage of the exemption provided by Section 398 of the Companies Act 2006 and has not prepared group accounts.

Turnover

Turnover represents the total invoice value, excluding value added tax, of sales made during the year. Income is recognised based on the date goods are despatched and the level of completion of services.

Depreciation

Tangible fixed assets are initially recorded at cost. Depreciation is provided on tangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Plant and machinery	33% straight line basis
Office equipment	25% straight line basis
Motor vehicles	25% straight line basis

Fixed asset investments

Fixed asset investments are stated at historical cost less provision for any diminution in value.

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Hire purchase and leasing

Assets held under finance leases, which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet as tangible fixed assets and are depreciated over the shorter of the lease term and their useful lives. The capital elements of future obligations under the leases are included as liabilities in the balance sheet. The interest element of the rental obligation is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding. Assets held under hire purchase agreements are capitalised as tangible fixed assets and are depreciated over the shorter of the lease term and their useful lives. The capital element of future finance payments is included within creditors. Finance charges are allocated to accounting periods over the length of the contract and represent a constant proportion of the balance of capital repayments outstanding.

Page 3

Thomas Andrew Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued

Pensions

The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

2	Fixed assets

		Tangible assets £			Investments £			Total £
Cost
At 1 April 2015		25,952			180,000			205,952
Additions		31,061			-			31,061
At 31 March 2016		57,013			180,000			237,013
Depreciation
At 1 April 2015		6,357			-			6,357
Charge for the year		11,533			-			11,533
At 31 March 2016		17,890			-			17,890
Net book value
At 31 March 2016		39,123			180,000			219,123
At 31 March 2015		19,595			180,000			199,595

Details of undertakings

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking	Country of incorporation	Holding	Proportion of voting rights and shares held	Principal activity
Subsidiary undertakings
P.F.D Flooring Limited	England	Ordinary shares	100%	Supply and installation of contract floor covering

The profit for the financial period of P.F.D Flooring Limited was £119,003 and the aggregate amount of capital and reserves at the end of the period was £217,516.

Page 4

Thomas Andrew Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued

3

Creditors

Creditors includes the following liabilities, on which security has been given by the company:

		2016 £			2015 £
Amounts falling due within one year		13,650			5,962
Amounts falling due after more than one year		9,812			7,131
Total secured creditors		23,462			13,093

4	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary shares of £1 each		100,000			100,000			100,000			100,000

Page 5