Type & Test Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 05465212 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 December 2015

for

Type & Test Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mr A J Stevenson

Miss C Spurdin

SECRETARY:

Mr A J Stevenson

REGISTERED OFFICE:

Great Skerrygill

South Stainmore

Kirkby Stephen

CA17 4DJ

REGISTERED NUMBER:

05465212 (England and Wales)

ACCOUNTANTS:

George Hay Partnership LLP

Chartered Accountants

St George's House

George Street

Huntingdon

Cambridgeshire

PE29 3GH

FIXED ASSETS

Tangible assets

2

350

447

CURRENT ASSETS

Debtors

12,582

24,696

CREDITORS

Amounts falling due within one year

16,802

25,024

NET CURRENT LIABILITIES

(4,220

)

(328

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(3,870

)

119

PROVISIONS FOR LIABILITIES

70

89

NET (LIABILITIES)/ASSETS

(3,940

)

30

CAPITAL AND RESERVES

Called up share capital

3

2

Profit and loss account

(3,942

)

28

SHAREHOLDERS' FUNDS

(3,940

)

30

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 1 July 2016 and were signed on its
behalf by:

Mr A J Stevenson - 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.

Plant and machinery etc

-

33% on reducing balance and 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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

and 31 December 2015

2,091

DEPRECIATION

At 1 January 2015

1,644

Charge for year

97

At 31 December 2015

1,741

NET BOOK VALUE

At 31 December 2015

350

At 31 December 2014

447

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

2

Ordinary

£1

2

4.	TRANSACTIONS WITH DIRECTORS

At the balance the directors owed the company £8,077 (2014:£20,247) in respect of their current accounts.

5.	CONTROLLING INTEREST

The directors have, by virtue of their shareholding, a controlling interest in the company.