Company Registration No. 04255771 (England and Wales)
TERREW MANAGEMENT LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2016
TERREW MANAGEMENT LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
TERREW MANAGEMENT LIMITED
ABBREVIATED BALANCE SHEET
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
1,943
2,429
Current assets
Debtors
86,022
66,998
Cash at bank and in hand
27,744
10,241
113,766
77,239
Creditors: amounts falling due within one year
(106,540)
(33,979)
Net current assets
7,226
43,260
Total assets less current liabilities
9,169
45,689
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
9,069
45,589
Shareholders' funds
9,169
45,689
For the financial year ended 31 July 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 13 January 2017
Mrs T Pitman
Director
Company Registration No. 04255771
TERREW MANAGEMENT LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JULY 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Fixtures, fittings & equipment
20% on reducing balance
2
Fixed assets
Tangible assets
£
Cost
At 1 August 2015 & at 31 July 2016
8,463
Depreciation
At 1 August 2015
6,034
Charge for the year
486
At 31 July 2016
6,520
Net book value
At 31 July 2016
1,943
At 31 July 2015
2,429
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
100 Authorised of £1 each
100
100
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