Timber Constructions Limited - Limited company - abbreviated - 11.6
Timber Constructions Limited - Limited company - abbreviated - 11.6
| TIMBER CONSTRUCTIONS LIMITED |
| ABBREVIATED UNAUDITED ACCOUNTS |
| FOR THE YEAR ENDED |
| 31ST MARCH 2014 |
| TIMBER CONSTRUCTIONS LIMITED (REGISTERED NUMBER: 01527544) |
| CONTENTS OF THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 31ST MARCH 2014 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| Chartered Accountants' Report | 6 |
| TIMBER CONSTRUCTIONS LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31ST MARCH 2014 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| BANKERS: |
| TIMBER CONSTRUCTIONS LIMITED (REGISTERED NUMBER: 01527544) |
| ABBREVIATED BALANCE SHEET |
| 31ST MARCH 2014 |
| 31/3/14 | 31/3/13 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 3 |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| 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. |
| TIMBER CONSTRUCTIONS LIMITED (REGISTERED NUMBER: 01527544) |
| ABBREVIATED BALANCE SHEET - continued |
| 31ST MARCH 2014 |
| The financial statements were approved by the Board of Directors on by: |
| TIMBER CONSTRUCTIONS LIMITED (REGISTERED NUMBER: 01527544) |
| NOTES TO THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 31ST MARCH 2014 |
| 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 April 2008). |
| Turnover |
| Turnover represents the value of joinery and carpentry work undertaken in the year, excluding value added tax. |
| Tangible fixed assets |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Computer equipment | - |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
| sheet date. |
| Hire purchase and leasing commitments |
| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held |
| under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases |
| are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
| The interest element of these obligations is charged to the profit and loss account over the relevant period. The |
| capital element of the future payments is treated as a liability. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension |
| scheme are charged to the profit and loss account in the period to which they relate. |
| Contracts for services |
| Where the substance of a contract is that the contractual obligations are performed gradually over time, revenue |
| is recognised as contract activity progresses to reflect the partial performance of our contractual obligations. The |
| amount of revenue included reflects the accrual of the right to consideration as contract activity progresses by |
| reference to value of the work performed. |
| TIMBER CONSTRUCTIONS LIMITED (REGISTERED NUMBER: 01527544) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| FOR THE YEAR ENDED 31ST MARCH 2014 |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1st April 2013 |
| Additions |
| At 31st March 2014 |
| DEPRECIATION |
| At 1st April 2013 |
| Charge for year |
| At 31st March 2014 |
| NET BOOK VALUE |
| At 31st March 2014 |
| At 31st March 2013 |
| 3. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31/3/14 | 31/3/13 |
| value: | £ | £ |
| Ordinary | £1 |
| 4. | DISCLOSURE OF CONTROL |
| The company was controlled throughout the year by Mr M Darcey, by virtue of the fact that he owns 75% of the |
| issued share capital. |
| CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS |
| ON THE UNAUDITED FINANCIAL STATEMENTS OF |
| TIMBER CONSTRUCTIONS LIMITED |
| The following reproduces the text of the report prepared for the directors in respect of the company's annual |
| unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five) |
| have been prepared. |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the |
| financial statements of Timber Constructions Limited for the year ended 31st March 2014 which comprise the Profit and |
| Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and |
| explanations you have given us. |
| As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject |
| to its ethical and other professional requirements which are detailed at icaew.com/membershandbook. |
| This report is made solely to the Board of Directors of Timber Constructions Limited, as a body, in accordance with our |
| terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of |
| Timber Constructions Limited and state those matters that we have agreed to state to the Board of Directors of Timber |
| Constructions Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To |
| the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its |
| Board of Directors, as a body, for our work or for this report. |
| It is your duty to ensure that Timber Constructions Limited has kept adequate accounting records and to prepare |
| statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of |
| Timber Constructions Limited. You consider that Timber Constructions Limited is exempt from the statutory audit |
| requirement for the year. |
| We have not been instructed to carry out an audit or a review of the financial statements of Timber Constructions |
| Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and |
| explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
| 22nd October 2014 |