Traditional Fine Construction Limited - Period Ending 2016-11-30

Registration number: 06003290

Traditional Fine Construction Limited

Unaudited Abbreviated Accounts
 
for the Year Ended 30 November 2016

Mansell & Co
Chartered Certified Accountants
5 Ducketts Wharf
South Street
Bishop's Stortford
Herts
CM23 3AR

Traditional Fine Construction Limited

Contents

Abbreviated Balance Sheet	1
Notes to the Abbreviated Accounts	2 to 3

Traditional Fine Construction Limited

(Registration number: 06003290)
Abbreviated Balance Sheet as at 30 November 2016

	Note	2016  £	2015  £
Fixed assets
Tangible assets	2	5,947	2,357
Current assets
Debtors		1,780	(2,972)
Cash at bank and in hand		9,487	11,291
		11,267	8,319
Creditors: Amounts falling due within one year		(13,926)	(8,918)
Net current liabilities		(2,659)	(599)
Total assets less current liabilities		3,288	1,758
Accruals and deferred income		(609)	(580)
Net assets		2,679	1,178
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		2,579	1,078
Shareholders funds		2,679	1,178

For the year ending 30 November 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 director on 18 March 2017

.........................................
Martin Howard
Company secretary and director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Traditional Fine Construction Limited

Notes to the Abbreviated Accounts

1

Accounting policies

Turnover

Turnover represents amounts chargeable in respect of the sale of goods and services to customers.

Revenue recognition

Revenue is recognised to the extent that the company obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales tax or duty.

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
Equipment	25% reducing balance basis

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

2

Fixed assets

	Tangible assets £	Total £
Cost
At 1 December 2015	3,142	3,142
Additions	5,572	5,572
At 30 November 2016	8,714	8,714
Depreciation
At 1 December 2015	785	785
Charge for the year	1,982	1,982
At 30 November 2016	2,767	2,767
Net book value
At 30 November 2016	5,947	5,947
At 30 November 2015	2,357	2,357

Page 2

Traditional Fine Construction Limited

Notes to the Abbreviated Accounts

3

Share capital

Allotted, called up and fully paid shares

	2016		2015
	No.	£	No.	£
Ordinary Shares of £1 each	100	100	100	100

Page 3