Abbreviated Company Accounts - TGM CONTRACTORS LIMITED

Abbreviated Company Accounts - TGM CONTRACTORS LIMITED

TGM CONTRACTORS LIMITED - Company Information

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Registered Number 07803770

TGM CONTRACTORS LIMITED

Abbreviated Accounts

31 August 2016

TGM CONTRACTORS LIMITED Registered Number 07803770

Abbreviated Balance Sheet as at 31 August 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 4,540 2,882
4,540 2,882
Current assets
Stocks 361,255 -
Debtors 32,153 12,953
Investments 9,338 9,338
Cash at bank and in hand 253,237 30,298
655,983 52,589
Creditors: amounts falling due within one year (543,127) (36,335)
Net current assets (liabilities) 112,856 16,254
Total assets less current liabilities 117,396 19,136
Creditors: amounts falling due after more than one year - (5,330)
Total net assets (liabilities) 117,396 13,806
Capital and reserves
Called up share capital 100 100
Profit and loss account 117,296 13,706
Shareholders' funds 117,396 13,806
  • For the year ending 31 August 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 15 May 2017

And signed on their behalf by:
Mr P J Tierney, Director
Mr S A Mccullagh, Director

TGM CONTRACTORS LIMITED Registered Number 07803770

Notes to the Abbreviated Accounts for the period ended 31 August 2016

1Accounting Policies

Basis of measurement and preparation of accounts
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 policy
The turnover shown in the profit and loss account represents amounts invoiced during the year,
exclusive of Value Added Tax.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value,
over the useful economic life of that asset as follows:
Fixtures & Fittings - 20% Reducing balance method
Equipment - 20% Reducing balance method

Valuation information and policy
Work in progress is valued on the basis of direct costs plus attributable overheads based on
normal level of activity. Provision is made for any foreseeable losses where appropriate. No
element of profit is included in the valuation of work in progress.

2Tangible fixed assets
£
Cost
At 1 September 2015 6,828
Additions 2,793
Disposals -
Revaluations -
Transfers -
At 31 August 2016 9,621
Depreciation
At 1 September 2015 3,946
Charge for the year 1,135
On disposals -
At 31 August 2016 5,081
Net book values
At 31 August 2016 4,540
At 31 August 2015 2,882