T & L Marquee Hire Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 06065138 (England and Wales)

Abbreviated Unaudited Accounts For The Year Ended 31 December 2015

for

T & L Marquee Hire Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mr T P Byrne

Mrs L M Byrne

SECRETARY:

Mrs L M Byrne

REGISTERED OFFICE:

Rathvilly Farm

Barn Lane

Milton Malsor

Northampton

Northamptonshire

NN7 3AG

REGISTERED NUMBER:

06065138 (England and Wales)

ACCOUNTANTS:

Harris & Clarke LLP

7 Billing Road

Northampton

Northamptonshire

NN1 5AN

FIXED ASSETS

Tangible assets

2

149,440

114,981

CURRENT ASSETS

Debtors

19,395

12,779

Cash at bank

11,581

20,583

30,976

33,362

CREDITORS

Amounts falling due within one year

153,226

135,046

NET CURRENT LIABILITIES

(122,250

)

(101,684

)

TOTAL ASSETS LESS CURRENT LIABILITIES

27,190

13,297

PROVISIONS FOR LIABILITIES

17,980

11,907

NET ASSETS

9,210

1,390

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

9,110

1,290

SHAREHOLDERS' FUNDS

9,210

1,390

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 directors acknowledge their 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 Board of Directors on 6 May 2016 and were signed on its behalf by:

Mr T P Byrne - Director

Mrs L M Byrne - 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.

Land and buildings

-

5% on cost

Plant and machinery etc

-

30% on cost and 25% 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 where transactions or events have occurred at that date that will result in an obligation to

pay more, or a right to pay less or to receive more, tax. However, the following exception to this policy applies:-

- Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not

that there will be suitable taxable profits from which the future reversal of the underlying timing differences can

be deducted.

Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in

which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance

sheet date.

Hire purchase and leasing commitments

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.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

273,170

Additions

89,659

Disposals

(12,459

)

At 31 December 2015

350,370

DEPRECIATION

At 1 January 2015

158,189

Charge for year

55,200

Eliminated on disposal

(12,459

)

At 31 December 2015

200,930

NET BOOK VALUE

At 31 December 2015

149,440

At 31 December 2014

114,981

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

100

Ordinary shares

£1

100

100