TFS Weston Ltd - Period Ending 2016-09-30

Registration number: 06597227

TFS Weston Ltd

Unaudited Abbreviated Accounts

for the Year Ended 30 September 2016
 

Alanbrookes Limited
PO Box 258
Stroud
Gloucestershire
GL6 8WZ

TFS Weston Ltd
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
TFS Weston Ltd
for the Year Ended 30 September 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of TFS Weston Ltd for the year ended 30 September 2016 set out on pages 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 TFS Weston Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of TFS Weston Ltd and state those matters that we have agreed to state to them, 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 TFS Weston Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that TFS Weston Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of TFS Weston Ltd. You consider that TFS Weston Ltd 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 accounts of TFS Weston Ltd. 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 accounts.

......................................

Alanbrookes Limited
PO Box 258
Stroud
Gloucestershire
GL6 8WZ

24 February 2017

Page 1

TFS Weston Ltd
(Registration number: 06597227)
Abbreviated Balance Sheet at 30 September 2016

		Note			30 September 2016 £			30 September 2015 £
Fixed assets
Tangible fixed assets					20,351			26,629
Current assets
Debtors					60,681			34,378
Cash at bank and in hand					8,414			21,323
					69,095			55,701
Creditors: Amounts falling due within one year					(67,467)			(69,855)
Net current assets/(liabilities)					1,628			(14,154)
Net assets					21,979			12,475
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					21,879			12,375
Shareholders' funds					21,979			12,475

For the year ending 30 September 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 24 February 2017 and signed on its behalf by:

.........................................
N A N Towens
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

TFS Weston Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 September 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Vehicles, plant & machinery	25% -30% reducing balance

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Pensions

The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

Page 3

TFS Weston Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 September 2016
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 October 2015		31,117			31,117
Additions		2,250			2,250
At 30 September 2016		33,367			33,367
Depreciation
At 1 October 2015		4,488			4,488
Charge for the year		8,528			8,528
At 30 September 2016		13,016			13,016
Net book value
At 30 September 2016		20,351			20,351
At 30 September 2015		26,629			26,629

3	Share capital

Allotted, called up and fully paid shares

	30 September 2016						30 September 2015
		No.			£			No.			£
Ordinary shares of £1 each		100			100			100			100

New shares allotted

During the year - having an aggregate nominal value of £nil were allotted for an aggregate consideration of £nil.

4

Control

The company is controlled by no one party,.

Page 4