TENRICH_TYRES_LIMITED - Accounts

TENRICH TYRES LIMITED - Company Information

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Company Registration No. 00673617 (England and Wales)

TENRICH TYRES LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2015

TENRICH TYRES LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

TENRICH TYRES LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 OCTOBER 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

2,520

3,226

Current assets

Stocks

9,150

17,130

Debtors

230,254

215,112

Cash at bank and in hand

1,899

241,303

232,242

Creditors: amounts falling due within one year

(38,038)

(50,774)

Net current assets

203,265

181,468

Total assets less current liabilities

205,785

184,694

Capital and reserves

Called up share capital

1,000

Other reserves

8,620

Profit and loss account

196,165

175,074

Shareholders' funds

205,785

184,694

TENRICH TYRES LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 OCTOBER 2015

- 2 -

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.

Director's 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 director acknowledges his 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 28 July 2016

R J Muldoon

Director

Company Registration No. 00673617

TENRICH TYRES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2015

- 3 -

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

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Land and buildings Leasehold

over the term of the lease

Plant and machinery

15% on reducing balance

Fixtures, fittings & equipment

15% on reducing balance

Motor vehicles

25% on reducing balance

1.5

Stock

Stock is valued at the lower of cost and net realisable value.

Fixed assets

Tangible assets

Cost

At 1 November 2014 & at 31 October 2015

82,812

Depreciation

At 1 November 2014

79,586

Charge for the year

706

At 31 October 2015

80,292

Net book value

At 31 October 2015

2,520

At 31 October 2014

3,226

TENRICH TYRES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 OCTOBER 2015

- 4 -

Share capital

2015

2014

Allotted, called up and fully paid

1,000 Ordinary shares of £1 each

1,000