Abbreviated Company Accounts - 2-T JOINERS LIMITED
Abbreviated Company Accounts - 2-T JOINERS LIMITED
Registered Number SC475778
2-T JOINERS LIMITED
Abbreviated Accounts
30 April 2016
2-T JOINERS LIMITED Registered Number SC475778
Abbreviated Balance Sheet as at 30 April 2016
| Notes | 2016 | 2015 | |
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| £ | £ | ||
| Current assets | |||
| Stocks |
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| Debtors |
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| Cash at bank and in hand |
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| Creditors: amounts falling due within one year |
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| Net current assets (liabilities) |
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| Total assets less current liabilities |
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| Total net assets (liabilities) |
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| Capital and reserves | |||
| Called up share capital | 2 |
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| Profit and loss account |
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| Shareholders' funds |
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For the year ending 30 April 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
And signed on their behalf by:
2-T JOINERS LIMITED Registered Number SC475778
Notes to the Abbreviated Accounts for the period ended 30 April 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.
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).
Turnover policy
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Motor Vehicles 25% on straight line
Equipment, fixtures and fittings 20% on straight line
Computer equipment: 33% on straight line
Plant and machinery 25% on straight line
Land and buildings leasehold: over the period of the lease
Intangible assets amortisation policy
Intangible assets are amortised on a straight-line basis over the estimated economic life. The estimated economic live are as follows:
Goodwill – 5 years
OR
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.