Accounts filed on 31-08-2016

Accounts filed on 31-08-2016

T L FIXINGS LIMITED - Company Information

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T L FIXINGS LIMITED

Company Registration Number:
06992756 (England and Wales)

Abbreviated (Unaudited) Accounts

Period of accounts

Start date: 01 September 2015

End date: 31 August 2016

T L FIXINGS LIMITED

Abbreviated Balance sheet

As at 31 August 2016


Notes
2016
£
2015
£
Fixed assets
Tangible assets: 2 7,981 5,311
Total fixed assets: 7,981 5,311
Current assets
Stocks: 8,400 7,600
Debtors: 3 39,876 36,759
Cash at bank and in hand: 46,590 26,217
Total current assets: 94,866 70,576
Creditors: amounts falling due within one year: 4 ( 59,234 ) ( 37,872 )
Net current assets (liabilities): 35,632 32,704
Total assets less current liabilities: 43,613 38,015
Creditors: amounts falling due after more than one year: 5 ( 4,307 )
Provision for liabilities: ( 1,596 ) ( 1,062 )
Total net assets (liabilities): 37,710 36,953

The notes form part of these financial statements

T L FIXINGS LIMITED

Balance sheet continued

As at 31 August 2016


Notes
2016
£
2015
£
Capital and reserves
Called up share capital: 6 100 100
Profit and loss account: 37,610 36,853
Shareholders funds: 37,710 36,953

For the year ending 31 August 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 and in accordance with the Financial Reporting Standard for Smaller Entities 2015.

The financial statements were approved by the Board of Directors on 22 November 2016

SIGNED ON BEHALF OF THE BOARD BY:

Name: Louise Hollands
Status: Director

Name: Thomas Woods
Status: Director

The notes form part of these financial statements

T L FIXINGS LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 August 2016

  • 1. Accounting policies

    Basis of measurement and preparation of accounts

    The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting for Smaller Entities (effective January 2015).

    Turnover policy

    Turnover represents amounts receivable for goods net of VAT.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are stated at the lower of costs less depreciation or net realisable value. Depreciation is provided at rates calculated to write off the cost of each asset over its expected useful life, as follows: Motor vehicles 25 % reducing balance, Office equipment 33.33% straight line and Fixture and Fittings 25% straight line.

    Valuation information and policy

    Stocks are valued at lower cost or net realisable value.

    Other accounting policies

    Assets obtained under hire purchase contracts are capitalised in the balance sheet and depreciated over their estimated useful lives. Interest is charged to the Profit and Loss Account over the relevant period. The capital element of future payments is treated as a liability.

T L FIXINGS LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 August 2016

  • 2. Tangible assets

    Total
    Cost £
    01 September 2015: 11,423
    Additions: 10,531
    Disposals: ( 9,550 )
    Revaluations: 0
    Transfers: 0
    31 August 2016: 12,404
    Depreciation
    01 September 2015: 6,112
    Charge for year: 2,713
    On disposals: ( 4,402 )
    Other adjustments: 0
    31 August 2016: 4,423
    Net book value
    31 August 2016: 7,981
    31 August 2015: 5,311

T L FIXINGS LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 August 2016

  • 3. Debtors


    2016
    £
    2015
    £
    Trade debtors: 38,193 35,088
    Prepayments and accrued income: 487 475
    Other debtors: 1,196 1,196
    Total: 39,876 36,759

T L FIXINGS LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 August 2016

  • 4. Creditors: amounts falling due within one year


    2016
    £
    2015
    £
    Amounts due under finance leases and hire purchase contracts: 2,349 1,915
    Trade creditors: 9,945 6,916
    Taxation and social security: 19,883 18,782
    Accruals and deferred income: 20 20
    Other creditors: 27,037 10,239
    Total: 59,234 37,872

T L FIXINGS LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 August 2016

  • 5. Creditors: amounts falling due after more than one year


    2016
    £
    2015
    £
    Amounts due under finance leases and hire purchase contracts: 4,307
    Total: 4,307 0

T L FIXINGS LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 August 2016

  • 6. Called up share capital

    Allotted, called up and paid

    Previous period
    2015
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 100 1.00 100
    Preference shares: 0
    Total share capital (£): 100
    Current period
    2016
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 100 1.00 100
    Preference shares: 0
    Total share capital (£): 100

T L FIXINGS LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 August 2016

  • 7. Transactions with directors

    Name of director receiving advance or credit Louise Hollands
    Description of the transaction Loan to company
    Balance at 01 September 2015 0
    Advances or credits made 20,607
    Advances or credits repaid 16,357
    Balance at 31 August 2016 4,250
    Name of director receiving advance or credit Thomas Woods
    Description of the transaction Loan to company
    Balance at 01 September 2015 10,239
    Advances or credits made 40,396
    Advances or credits repaid 27,848
    Balance at 31 August 2016 22,787