Trusstec Limited - Abbreviated accounts 16.1

Trusstec Limited - Abbreviated accounts 16.1

TRUSSTEC LIMITED - Company Information

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REGISTERED NUMBER: 02266722 (England and Wales)












Abbreviated Unaudited Accounts

for the Year Ended 29 February 2016

for

Trusstec Limited

Trusstec Limited (Registered number: 02266722)






Contents of the Abbreviated Accounts
for the Year Ended 29 February 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

Trusstec Limited

Company Information
for the Year Ended 29 February 2016







DIRECTORS: J A S Yeomans
P J Schofield
E Shojaie





SECRETARY: P J Schofield





REGISTERED OFFICE: Unit 5
Great Honeyborough Industrial Estate
Neyland
Pembrokeshire
SA73 1SE





REGISTERED NUMBER: 02266722 (England and Wales)
Page 1
Trusstec Limited (Registered number: 02266722)

Abbreviated Balance Sheet
29 February 2016

29.2.16 28.2.15
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 54,159 38,198

CURRENT ASSETS
Stocks 35,667 58,399
Debtors 49,596 94,988
Cash at bank 397,456 376,361
482,719 529,748
CREDITORS
Amounts falling due within one year 108,329 128,517
NET CURRENT ASSETS 374,390 401,231
TOTAL ASSETS LESS CURRENT
LIABILITIES
428,549
439,429

PROVISIONS FOR LIABILITIES 4,742 886
NET ASSETS 423,807 438,543

CAPITAL AND RESERVES
Called up share capital 3 10,000 10,000
Profit and loss account 413,807 428,543
SHAREHOLDERS' FUNDS 423,807 438,543

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2016 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 notes form part of these abbreviated accounts

Page 2 continued...
Trusstec Limited (Registered number: 02266722)

Abbreviated Balance Sheet - continued
29 February 2016


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 18 May 2016 and were signed on its behalf by:




J A S Yeomans - Director



E Shojaie - Director


The notes form part of these abbreviated accounts

Page 3
Trusstec Limited (Registered number: 02266722)

Notes to the Abbreviated Accounts
for the Year Ended 29 February 2016

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.

Short leasehold - Straight line over 5 years
Plant and machinery - Straight line over 10 years
Motor vehicles - at varying rates on cost
Office equipment - at varying rates on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

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

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to the profit and loss account in the period to which they relate.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 March 2015 215,727
Additions 32,503
Disposals (320 )
At 29 February 2016 247,910
DEPRECIATION
At 1 March 2015 177,529
Charge for year 16,542
Eliminated on disposal (320 )
At 29 February 2016 193,751
NET BOOK VALUE
At 29 February 2016 54,159
At 28 February 2015 38,198

Page 4 continued...
Trusstec Limited (Registered number: 02266722)

Notes to the Abbreviated Accounts - continued
for the Year Ended 29 February 2016

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.16 28.2.15
value: £    £   
9,000 Ordinary Capital £1 9,000 9,000
1,000 Ordinary Income £1 1,000 1,000
10,000 10,000

4. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 29 February 2016 and
28 February 2015:

29.2.16 28.2.15
£    £   
P J Schofield
Balance outstanding at start of year 1,680 -
Amounts advanced - 1,680
Amounts repaid (1,680 ) -
Balance outstanding at end of year - 1,680

The amount owing at the start of the year was repaid in full on 1st April 2015.

Page 5