Tunway Limited - Abbreviated accounts 16.3

Tunway Limited - Abbreviated accounts 16.3

TUNWAY LIMITED - Company Information

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REGISTERED NUMBER: 01113256 (England and Wales)















ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 29 FEBRUARY 2016

FOR

TUNWAY LIMITED

TUNWAY LIMITED (REGISTERED NUMBER: 01113256)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 29 FEBRUARY 2016










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

TUNWAY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2016







DIRECTORS: T.J. Thomas
Mrs B Thomas





SECRETARY: T.J. Thomas





REGISTERED OFFICE: Overcliffe Hotel
16 Overcliffe
Gravesend
Kent
DA11 0EF





REGISTERED NUMBER: 01113256 (England and Wales)





ACCOUNTANTS: The Carley Partnership
St James's House
8 Overcliffe
Gravesend
Kent
DA11 0HJ
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TUNWAY LIMITED (REGISTERED NUMBER: 01113256)

ABBREVIATED BALANCE SHEET
29 FEBRUARY 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 221,110 225,551

CURRENT ASSETS
Stocks 2,250 2,250
Debtors 7,137 4,186
Cash at bank 6,343 4,285
15,730 10,721
CREDITORS
Amounts falling due within one year 106,132 65,289
NET CURRENT LIABILITIES (90,402 ) (54,568 )
TOTAL ASSETS LESS CURRENT LIABILITIES 130,708 170,983

PROVISIONS FOR LIABILITIES 7,381 7,991
NET ASSETS 123,327 162,992

CAPITAL AND RESERVES
Called up share capital 3 100 100
Profit and loss account 123,227 162,892
SHAREHOLDERS' FUNDS 123,327 162,992

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each
financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and
which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable
to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the Board of Directors on 28 November 2016 and were signed on its behalf by:





T.J. Thomas - Director


The notes form part of these abbreviated accounts

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TUNWAY LIMITED (REGISTERED NUMBER: 01113256)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 29 FEBRUARY 2016


1. ACCOUNTING POLICIES

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

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc - 25% on reducing balance, 25% on cost and 15% on reducing balance

The directors consider that the discounted residual value of the freehold building at the end of its useful economic life will be
in excess of book cost in the financial statements and therefore any depreciation charge required would be immaterial.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving
items.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet
date.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 March 2015
and 29 February 2016 484,742
DEPRECIATION
At 1 March 2015 259,191
Charge for year 4,441
At 29 February 2016 263,632
NET BOOK VALUE
At 29 February 2016 221,110
At 28 February 2015 225,551

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
100 Ordinary £1 100 100

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