Abbreviated Company Accounts - TAG CATERING EQUIPMENT UK LIMITED

TAG CATERING EQUIPMENT UK LIMITED - Company Information

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Registered Number 03466417

TAG CATERING EQUIPMENT UK LIMITED

Abbreviated Accounts

31 March 2016

TAG CATERING EQUIPMENT UK LIMITED Registered Number 03466417

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	92,585	46,387
Investments	3	60,000	60,000
		152,585	106,387
Current assets
Stocks		14,000	14,500
Debtors		584,603	492,323
Cash at bank and in hand		805,728	962,158
		1,404,331	1,468,981
Creditors: amounts falling due within one year		(757,477)	(806,654)
Net current assets (liabilities)		646,854	662,327
Total assets less current liabilities		799,439	768,714
Creditors: amounts falling due after more than one year		(17,443)	(3,788)
Total net assets (liabilities)		781,996	764,926
Capital and reserves
Called up share capital	4	10	10
Profit and loss account		781,986	764,916
Shareholders' funds		781,996	764,926

For the year ending 31 March 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 20 October 2016

And signed on their behalf by:
M Stephens Smith, Director

TAG CATERING EQUIPMENT UK LIMITED Registered Number 03466417

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

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 net invoiced sales of goods, excluding value added tax.

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write each asset off over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery 25% reducing balance
Fixture and fittings 15% reducing balance

Other accounting policies
Preparation of consolidated financial statements.
The financial statements contain information about Tag Catering Equipment UK Limited as an individual company and do not contain consolidated financial information as the parent of a group, The company has taken the option under section 398 of the Companies Act 2006 not to prepare consolidated financial statements.

Hire Purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits.
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the profit and loss account in the period to which they relate.

2Tangible fixed assets

	£
Cost
At 1 April 2015	156,591
Additions	76,824
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	233,415
Depreciation
At 1 April 2015	110,204
Charge for the year	30,626
On disposals	-
At 31 March 2016	140,830
Net book values
At 31 March 2016	92,585
At 31 March 2015	46,387

3Fixed assets Investments
The company's investment at the balance sheet date in the shares of companies including the following

Caterkit Services Ltd;- Commercial catering equipment maintenance
Class of shares ; Ordinary Holdings:- 100%

4Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
4 ordinary A & B shares of £1 each	4	4
6 Ordinary non voting C D E shares of £1 each	6	6