Track & Tyre Machinery Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 09064026 (England and Wales)

Track & Tyre Machinery Limited

Abbreviated Unaudited Accounts

for the Year Ended 31 May 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

R S Dhillon

J R King

SECRETARY:

REGISTERED OFFICE:

Unit 5, Cutless Farm Business Centre

Henley-in-Arden

Warwickshire

B95 6DJ

REGISTERED NUMBER:

09064026 (England and Wales)

ACCOUNTANTS:

Grenfell James Associates Limited

3 The Courtyard

Timothys Bridge Road

Stratford Upon Avon

Warwickshire

CV37 9NP

FIXED ASSETS

Tangible assets

2

754

942

CURRENT ASSETS

Stocks

7,455

-

Debtors

10,500

20

Cash at bank

290

1,735

18,245

1,755

CREDITORS

Amounts falling due within one year

17,856

2,132

NET CURRENT ASSETS/(LIABILITIES)

389

(377

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,143

565

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

1,043

465

SHAREHOLDERS' FUNDS

1,143

565

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 28 February 2017 and were signed on
its behalf by:

R S Dhillon - 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

-

20% 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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2015

and 31 May 2016

1,177

DEPRECIATION

At 1 June 2015

235

Charge for year

188

At 31 May 2016

423

NET BOOK VALUE

At 31 May 2016

754

At 31 May 2015

942

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

100

Ordinary

£1

100