Abbreviated Company Accounts - TIMSET LTD

Abbreviated Company Accounts - TIMSET LTD

TIMSET LTD - Company Information

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Registered Number 07420549

TIMSET LTD

Abbreviated Accounts

29 February 2016

TIMSET LTD Registered Number 07420549

Abbreviated Balance Sheet as at 29 February 2016

Notes 2016 2015
£ £
Fixed assets
Intangible assets 2 8,100 9,720
8,100 9,720
Current assets
Stocks 1,345 1,495
Debtors 32 -
Cash at bank and in hand 208 423
1,585 1,918
Creditors: amounts falling due within one year (20,155) (23,614)
Net current assets (liabilities) (18,570) (21,696)
Total assets less current liabilities (10,470) (11,976)
Total net assets (liabilities) (10,470) (11,976)
Capital and reserves
Called up share capital 1 1
Profit and loss account (10,471) (11,977)
Shareholders' funds (10,470) (11,976)
  • For the year ending 29 February 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 14 November 2016

And signed on their behalf by:
PARVEEN BEGUM, Director

TIMSET LTD Registered Number 07420549

Notes to the Abbreviated Accounts for the period ended 29 February 2016

1Accounting Policies

Basis of measurement and preparation of accounts
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

2Intangible fixed assets
£
Cost
At 1 March 2015 16,200
Additions -
Disposals -
Revaluations -
Transfers -
At 29 February 2016 16,200
Amortisation
At 1 March 2015 6,480
Charge for the year 1,620
On disposals -
At 29 February 2016 8,100
Net book values
At 29 February 2016 8,100
At 28 February 2015 9,720