Tim Fry Landrovers Limited - Limited company - abbreviated - 11.0.0
Tim Fry Landrovers Limited - Limited company - abbreviated - 11.0.0
REGISTERED NUMBER: |
ABBREVIATED UNAUDITED ACCOUNTS |
FOR THE YEAR ENDED 31 JANUARY 2014 |
FOR |
TIM FRY LANDROVERS LIMITED |
TIM FRY LANDROVERS LIMITED (REGISTERED NUMBER: 03923675) |
CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 JANUARY 2014 |
Page |
Company Information | 1 |
Abbreviated Balance Sheet | 2 |
Notes to the Abbreviated Accounts | 3 |
TIM FRY LANDROVERS LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 JANUARY 2014 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Certified Accountants |
TIM FRY LANDROVERS LIMITED (REGISTERED NUMBER: 03923675) |
ABBREVIATED BALANCE SHEET |
31 JANUARY 2014 |
31.1.14 | 31.1.13 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
CURRENT ASSETS |
Stocks |
Debtors |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 3 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital | 4 |
Profit and loss account | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
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 financial statements were approved by the Board of Directors on |
TIM FRY LANDROVERS LIMITED (REGISTERED NUMBER: 03923675) |
NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 JANUARY 2014 |
1. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The financial statements have been prepared on a going concern basis on the understanding that the director, Mr |
T Fry, will continue to support the company by not seeking the repayment of the debt due to his soletrader |
business, or his loan as a director, in preference to other creditors. Mr T Fry will also continue to support the |
company in order for it to meet it's liabilities as they fall due. |
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 April 2008). |
Turnover |
Turnover represents net invoiced sales of goods, excluding value added tax. |
Tangible fixed assets |
Computer equipment | - |
Stocks |
Stock of vehicles is valued at the lower of cost and net realisable value. The Glasses Guide bottom trade price is |
used as the measure for net realisable value. In assessing net realisable value, due consideration is also given to |
the estimated cost in bringing a vehicle to a saleable condition. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension |
scheme are charged to the profit and loss account in the period to which they relate. |
2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 February 2013 |
Additions |
At 31 January 2014 |
DEPRECIATION |
At 1 February 2013 |
Charge for year |
At 31 January 2014 |
NET BOOK VALUE |
At 31 January 2014 |
At 31 January 2013 |
3. | CREDITORS |
Creditors include an amount of £ |
TIM FRY LANDROVERS LIMITED (REGISTERED NUMBER: 03923675) |
NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 31 JANUARY 2014 |
4. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.1.14 | 31.1.13 |
value: | £ | £ |
Ordinary | £1 |
5. | CONTROL RELATIONSHIPS |
The ultimate controlling party is Mr T Fry by virtue of his shareholding. |