Tarrant Valley Interiors Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 04531990 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 OCTOBER 2015

FOR

TARRANT VALLEY INTERIORS LTD

Page

Abbreviated balance sheet

1

Notes to the abbreviated accounts

2

Fixed assets

Intangible assets

2

-

-

Tangible assets

3

1,718

1,978

1,718

1,978

Current assets

Stock and work in progress

6,000

6,000

Debtors

2,500

-

8,500

6,000

Creditors

Amounts falling due within one year

26,445

14,968

Net current liabilities

(17,945

)

(8,968

)

Total assets less current liabilities

(16,227

)

(6,990

)

Creditors

Amounts falling due after more than one year

8,235

8,235

Net liabilities

(24,462

)

(15,225

)

Capital and reserves

Called up share capital

4

2

2

Profit and loss account

(24,464

)

(15,227

)

Shareholders' funds

(24,462

)

(15,225

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 26 July 2016 and were signed by:

Mr R Tower - Director

1.	Accounting policies

Basis of preparing the financial statements

The company made a loss of £9,237 during the year, and had a deficiency of assets at the year end of £24,462. The

company is dependent upon the continued support of its director. The director has agreed to support the company over the

next 12 months in order that it can meet its day to day working capital requirements.

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 April 2008).

Turnover

Turnover represents amounts receivable, excluding value added tax, in respect of services provided in the ordinary course

of business. Turnover is recognised as soon as the service has been provided to the customer.

Goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

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

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Stock and Work In Progress are valued at the lower of cost and net realisable value.

Financial instruments

Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the

contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract

that evidences a residual interest in the assets of the company, after deducting all liabilities.

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any

losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

2.	Intangible fixed assets

Total

£

Cost

At 1 November 2014

and 31 October 2015

15,000

Amortisation

At 1 November 2014

and 31 October 2015

15,000

Net book value

At 31 October 2015

-

At 31 October 2014

-

3.	Tangible fixed assets

Total

£

Cost

At 1 November 2014

4,715

Additions

312

At 31 October 2015

5,027

Depreciation

At 1 November 2014

2,737

Charge for year

572

At 31 October 2015

3,309

Net book value

At 31 October 2015

1,718

At 31 October 2014

1,978

4.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

2

Ordinary

£1

2

2