Abbreviated Company Accounts - TAMRUSH LIMITED

05597496 TAMRUSH LIMITED 2015-10-31 false 2014-11-01 2015-10-31 true 05597496 2014-11-01 2015-10-31 05597496 2015-10-31 05597496 2014-10-31 05597496 uk-gaap-cd-bus:Director1 2014-11-01 2015-10-31 05597496 uk-gaap-cd-bus:Director2 2014-11-01 2015-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-11-01 2015-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-10-31 iso4217:GBP shares

Registered Number 05597496

TAMRUSH LIMITED

Abbreviated Accounts

31 October 2015

TAMRUSH LIMITED Registered Number 05597496

Abbreviated Balance Sheet as at 31 October 2015

	Notes	2015	2014
		£	£
Fixed assets
Intangible assets	2	2,357,498	2,489,165
Tangible assets	3	648,499	676,382
Investments		-	-
		3,005,997	3,165,547
Current assets
Stocks		243,970	234,600
Debtors		343,746	361,122
Cash at bank and in hand		428,342	448,413
		1,016,058	1,044,135
Creditors: amounts falling due within one year	4	(1,094,718)	(1,120,127)
Net current assets (liabilities)		(78,660)	(75,992)
Total assets less current liabilities		2,927,337	3,089,555
Creditors: amounts falling due after more than one year	4	(2,373,525)	(2,657,025)
Total net assets (liabilities)		553,812	432,530
Capital and reserves
Called up share capital	5	800	800
Other reserves		553,012	431,730
Shareholders' funds		553,812	432,530

For the year ending 31 October 2015 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 25 July 2016

And signed on their behalf by:
Mr Rakesh Patel, Director
Mrs Mona Patel, Director

TAMRUSH LIMITED Registered Number 05597496

Notes to the Abbreviated Accounts for the period ended 31 October 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the total invoice value, excluding VAT, of sales made during the year.

Tangible assets depreciation policy
Land & buildings - No depreciation is provided.
Plant & machinery - 20% reducing balance.
Furniture, fixtures and fittings - 20% reducing balance.
Motor vehicles - 20% reducing balance.
Leasehold improvements - over the term of the lease.

Intangible assets amortisation policy
Acquired goodwill is written off in equal instalments over its estimated useful economic life of 15 to 30 years.

Valuation information and policy
Stock - stock is valued at the lower of cost and net realisable value.

Other accounting policies
Transactions with the directors - during the year the company rented premises from Mr Rakesh Patel, a director, for the registered office, administration and management purposes amounting to £15,000 representing its market rentals.

2Intangible fixed assets

	£
Cost
At 1 November 2014	3,199,999
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 October 2015	3,199,999
Amortisation
At 1 November 2014	710,834
Charge for the year	131,667
On disposals	-
At 31 October 2015	842,501
Net book values
At 31 October 2015	2,357,498
At 31 October 2014	2,489,165

The purchased goodwill is amortised on a straight line basis over periods of 15 and 30 years after taking into account the geographical and strategic nature of the acquired trades and businesses.

As certain goodwill is amortised over 20 years, the directors conduct annual impairment reviews to adjust goodwill to its recoverable value where necessary.

3Tangible fixed assets

	£
Cost
At 1 November 2014	842,355
Additions	10,197
Disposals	-
Revaluations	-
Transfers	-
At 31 October 2015	852,552
Depreciation
At 1 November 2014	165,973
Charge for the year	38,080
On disposals	-
At 31 October 2015	204,053
Net book values
At 31 October 2015	648,499
At 31 October 2014	676,382

4Creditors

	2015 £	2014 £
Secured Debts	1,768,525	2,052,025
Instalment debts due after 5 years	0	0
Non-instalment debts due after 5 years	0	0

5Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
800 Ordinary shares of £1 each	800	800