Abbreviated Company Accounts - TOWN & COUNTRY COATINGS (SOUTHERN) LTD.

TOWN & COUNTRY COATINGS (SOUTHERN) LTD. - Company Information

Registered Number 02706307

TOWN & COUNTRY COATINGS (SOUTHERN) LTD.

Abbreviated Accounts

30 April 2016

TOWN & COUNTRY COATINGS (SOUTHERN) LTD. Registered Number 02706307

Abbreviated Balance Sheet as at 30 April 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	231	461
		231	461
Current assets
Stocks		25,900	25,900
Investments		4,000	4,000
Cash at bank and in hand		40,947	13,872
		70,847	43,772
Creditors: amounts falling due within one year		(64,125)	(53,574)
Net current assets (liabilities)		6,722	(9,802)
Total assets less current liabilities		6,953	(9,341)
Total net assets (liabilities)		6,953	(9,341)
Capital and reserves
Called up share capital		100	100
Profit and loss account		6,853	(9,441)
Shareholders' funds		6,953	(9,341)

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 19 January 2017

And signed on their behalf by:
M Lewis, Director

TOWN & COUNTRY COATINGS (SOUTHERN) LTD. Registered Number 02706307

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 January 2015.

Turnover policy
Turnover comprises amounts receivable in the ordinary course of business from the principal activities of the company, exclusive of value added tax and discounts where applicable.

Tangible assets depreciation policy
All fixed assets are initially recorded at cost.

Depreciation

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Plant & Machinery - 25% straight line
Fixtures & Fittings - 25% straight line
Motor Vehicles - 25% straight line

Other accounting policies
Stocks

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

2Tangible fixed assets

	£
Cost
At 1 May 2015	28,082
Additions	-
Disposals	(13,900)
Revaluations	-
Transfers	-
At 30 April 2016	14,182
Depreciation
At 1 May 2015	27,621
Charge for the year	228
On disposals	(13,898)
At 30 April 2016	13,951
Net book values
At 30 April 2016	231
At 30 April 2015	461