TMK Klinck Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: SC376264 (Scotland)

Abbreviated Unaudited Accounts

for the Year Ended 31 August 2016

for

TMK Klinck Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

M E Klinck

T Klinck

Mrs J E Klinck

Mrs T S Tengku Donald Tewfik

SECRETARY:

Mrs J E Klinck

REGISTERED OFFICE:

7 Sunnyside View

Kintore

Inverurie

Aberdeenshire

AB51 0SX

REGISTERED NUMBER:

SC376264 (Scotland)

ACCOUNTANTS:

Grampian Accounting

3 Prospect Place

Arnhall Business Park

Westhill

Aberdeenshire

AB32 6SY

FIXED ASSETS

Tangible assets

2

20,842

5,002

CURRENT ASSETS

Stocks

-

39,300

Debtors

4,041

21,842

Cash at bank

55,316

26,516

59,357

87,658

CREDITORS

Amounts falling due within one year

30,600

41,919

NET CURRENT ASSETS

28,757

45,739

TOTAL ASSETS LESS CURRENT
LIABILITIES

49,599

50,741

CAPITAL AND RESERVES

Called up share capital

3

10

Profit and loss account

49,589

50,731

SHAREHOLDERS' FUNDS

49,599

50,741

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 21 February 2017 and were signed on its behalf
by:

M E Klinck - Director

T Klinck - 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 each asset over its estimated useful life.

Plant and machinery etc

-

25% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

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

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2015

115,386

Additions

18,024

At 31 August 2016

133,410

DEPRECIATION

At 1 September 2015

110,384

Charge for year

2,184

At 31 August 2016

112,568

NET BOOK VALUE

At 31 August 2016

20,842

At 31 August 2015

5,002

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.16

31.8.15

value:

£

6

Ordinary

£1

6

4

Ordinary A - I

£1

4

10