Abbreviated Company Accounts - TURKISH HOUSEHOLD (UK) LIMITED

Abbreviated Company Accounts - TURKISH HOUSEHOLD (UK) LIMITED

TURKISH HOUSEHOLD (UK) LIMITED - Company Information

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Registered Number 08384197

TURKISH HOUSEHOLD (UK) LIMITED

Abbreviated Accounts

31 January 2016

TURKISH HOUSEHOLD (UK) LIMITED Registered Number 08384197

Abbreviated Balance Sheet as at 31 January 2016

Notes 2016 2015
£ £
Fixed assets
Intangible assets 2 8,574 9,025
Tangible assets 3 20,555 7,422
29,129 16,447
Current assets
Stocks 122,746 159,161
Debtors 166,181 122,265
Cash at bank and in hand 188,269 166,548
477,196 447,974
Prepayments and accrued income 12,451 12,597
Creditors: amounts falling due within one year (427,667) (440,339)
Net current assets (liabilities) 61,980 20,232
Total assets less current liabilities 91,109 36,679
Total net assets (liabilities) 91,109 36,679
Capital and reserves
Called up share capital 100 100
Profit and loss account 91,009 36,579
Shareholders' funds 91,109 36,679
  • For the year ending 31 January 2016 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 12 October 2016

And signed on their behalf by:
M Kara, Director

TURKISH HOUSEHOLD (UK) LIMITED Registered Number 08384197

Notes to the Abbreviated Accounts for the period ended 31 January 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention.

Turnover policy
Sales represents amounts receivable for goods and services provided
in the United Kingdom excluding value added tax.

Tangible assets depreciation policy
Depreciation is calculated to write off the cost or valuation of all motor vans, fixtures,
fittings and equipment over their estimated useful lives on writing down value basis as follows:
Fixtures, fittings and equipment 10% on a reducing balance basis.
Motor vans 20% on a reducing balance basis.

Intangible assets amortisation policy
Goodwill 5% on a reducing balance basis.

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

2Intangible fixed assets
£
Cost
At 1 February 2015 10,000
Additions -
Disposals -
Revaluations -
Transfers -
At 31 January 2016 10,000
Amortisation
At 1 February 2015 975
Charge for the year 451
On disposals -
At 31 January 2016 1,426
Net book values
At 31 January 2016 8,574
At 31 January 2015 9,025
3Tangible fixed assets
£
Cost
At 1 February 2015 10,800
Additions 20,400
Disposals (3,800)
Revaluations -
Transfers -
At 31 January 2016 27,400
Depreciation
At 1 February 2015 3,378
Charge for the year 4,835
On disposals (1,368)
At 31 January 2016 6,845
Net book values
At 31 January 2016 20,555
At 31 January 2015 7,422