TULLYCAVEY_LIMITED - Accounts

TULLYCAVEY LTD - Company Information

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Company Registration No. NI066859 (Northern Ireland)

TULLYCAVEY LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2015

TULLYCAVEY LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

TULLYCAVEY LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 OCTOBER 2015

- 1 -

2015

2014

Notes

Current assets

Stocks

1,200,000

Debtors

5,325

Cash at bank and in hand

14,276

14,726

1,214,276

1,220,051

Creditors: amounts falling due within one year

(20,551)

(39,824)

Total assets less current liabilities

1,193,725

1,180,227

Creditors: amounts falling due after more than one year

(1,536,144)

(1,604,854)

(342,419)

(424,627)

Capital and reserves

Called up share capital

100

Profit and loss account

(342,519)

(424,727)

Shareholders' funds

(342,419)

(424,627)

For the financial year ended 31 October 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 11 July 2016

Mr C, Davidson

Director

Company Registration No. NI066859

TULLYCAVEY LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Stock and work in progress

Work in progress is valued at the lower of cost and net realisable value.

Creditors: amounts falling due after more than one year

The aggregate amount of creditors for which security has been given amounted to £651,825 (2014 - £757,290).

The bank loans are secured by a mortgage over company lands, and fixed and floating charges over all company assets and a Director's Guarantee.

Share capital

2015

2014

Allotted, called up and fully paid

100 Ordinary Shares of £1 each

100

The complete share capital is owned by Blackward Properties Limited, a non-trading holding company.