T.G. Bros Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 02104129 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2016

FOR

T.G. BROS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mr T S Dehill

SECRETARY:

Mr T S Dehill

REGISTERED OFFICE:

10 Lythalls Lane

Coventry

West Midlands

CV6 6FG

REGISTERED NUMBER:

02104129 (England and Wales)

BANKERS:

National Westminster Bank PLC

11 Weston Boulevard

Leicester

LE2 7EJ

FIXED ASSETS

Tangible assets

2

7,322

6,271

CURRENT ASSETS

Stocks

321,177

253,723

Debtors

394,842

347,185

Cash at bank and in hand

25,544

19,641

741,563

620,549

CREDITORS

Amounts falling due within one year

621,286

478,839

NET CURRENT ASSETS

120,277

141,710

TOTAL ASSETS LESS CURRENT
LIABILITIES

127,599

147,981

PROVISIONS FOR LIABILITIES

765

479

NET ASSETS

126,834

147,502

CAPITAL AND RESERVES

Called up share capital

3

1,000

Profit and loss account

125,834

146,502

SHAREHOLDERS' FUNDS

126,834

147,502

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 13th December 2016 and were signed by:

Mr T S Dehill - Director

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 the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

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 1st April 2015

66,281

Additions

2,900

At 31st March 2016

69,181

DEPRECIATION

At 1st April 2015

60,010

Charge for year

1,849

At 31st March 2016

61,859

NET BOOK VALUE

At 31st March 2016

7,322

At 31st March 2015

6,271

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

1,000

Ordinary

1

1,000