Company Registration No. 01126971 (England and Wales)
T.M.A. ENGINEERING LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2016
T.M.A. ENGINEERING LIMITED
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 4
T.M.A. ENGINEERING LIMITED
ABBREVIATED BALANCE SHEET
AS AT
29 FEBRUARY 2016
29 February 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
692,186
984,837
Current assets
Stocks
134,530
88,310
Debtors
233,235
189,739
Cash at bank and in hand
82,824
17,699
450,589
295,748
Creditors: amounts falling due within one year
(232,649)
(304,003)
Net current assets/(liabilities)
217,940
(8,255)
Total assets less current liabilities
910,126
976,582
Creditors: amounts falling due after more than one year
(36,727)
(184,093)
873,399
792,489
Capital and reserves
Called up share capital
3
6,120
6,120
Revaluation reserve
476,601
489,101
Other reserves
5,880
5,880
Profit and loss account
384,798
291,388
Shareholders' funds
873,399
792,489
T.M.A. ENGINEERING LIMITED
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
29 FEBRUARY 2016
29 February 2016
- 2 -
For the financial year ended 29 February 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' 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 directors acknowledge their 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 12 July 2016
Mr M Albutt
Director
Company Registration No. 01126971
T.M.A. ENGINEERING LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 29 FEBRUARY 2016
- 3 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention modified to include the revaluation of freehold land and buildings and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
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
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.
1.5
Tangible fixed assets and depreciation
Tangible fixed assets other than freehold land are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life, as follows:
Land and buildings Freehold
2% straight line
Plant and machinery
20% reducing balance
Computer equipment
33% straight line
Motor vehicles
25% reducing balance
The part of the annual depreciation charge on revalued assets which relates to the revaluation surplus is transferred from the revaluation reserve to the profit and loss account.
T.M.A. ENGINEERING LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 29 FEBRUARY 2016
- 4 -
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost or valuation
At 1 March 2015
100,000
1,804,327
1,904,327
Disposals
-
(288,288)
(288,288)
At 29 February 2016
100,000
1,516,039
1,616,039
Depreciation
At 1 March 2015
100,000
819,490
919,490
On disposals
-
(52,135)
(52,135)
Charge for the year
-
56,498
56,498
At 29 February 2016
100,000
823,853
923,853
Net book value
At 29 February 2016
-
692,186
692,186
At 28 February 2015
-
984,837
984,837
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
3,620 A Ordinary of £1 each
3,620
3,620
1,500 B Ordinary of £1 each
1,500
1,500
1,000 C Ordinary of £1 each
1,000
1,000
6,120
6,120
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