Term Time Teachers Limited - Abbreviated accounts 16.3

Term Time Teachers Limited - Abbreviated accounts 16.3

TERM TIME TEACHERS LIMITED - Company Information

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REGISTERED NUMBER: 04838862 (England and Wales)















ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2016

FOR

TERM TIME TEACHERS LIMITED

TERM TIME TEACHERS LIMITED (REGISTERED NUMBER: 04838862)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

TERM TIME TEACHERS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2016







DIRECTORS: J Parisella
Mrs C Parisella





SECRETARY: J Parisella





REGISTERED OFFICE: Toll House
16 St Johns Road
TUNBRIDGE WELLS
Kent
TN4 9NP





REGISTERED NUMBER: 04838862 (England and Wales)





ACCOUNTANTS: Wells Associates
10 Lonsdale Gardens
Tunbridge Wells
Kent
TN1 1NU
Page 1
TERM TIME TEACHERS LIMITED (REGISTERED NUMBER: 04838862)

ABBREVIATED BALANCE SHEET
31 AUGUST 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 18,200 20,800
Tangible assets 3 3,985 5,224
Investments 4 551,109 464,656
573,294 490,680

CURRENT ASSETS
Debtors 153,347 155,451
Cash at bank and in hand 1,422,940 1,324,742
1,576,287 1,480,193
CREDITORS
Amounts falling due within one year 169,142 162,441
NET CURRENT ASSETS 1,407,145 1,317,752
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,980,439
1,808,432

CAPITAL AND RESERVES
Called up share capital 5 2 2
Profit and loss account 1,980,437 1,808,430
SHAREHOLDERS' FUNDS 1,980,439 1,808,432

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 notes form part of these abbreviated accounts

Page 2 continued...
TERM TIME TEACHERS LIMITED (REGISTERED NUMBER: 04838862)

ABBREVIATED BALANCE SHEET - continued
31 AUGUST 2016


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 24 May 2017 and were signed on its behalf by:





J Parisella - Director


The notes form part of these abbreviated accounts

Page 3
TERM TIME TEACHERS LIMITED (REGISTERED NUMBER: 04838862)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2016

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 services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings - 25% on reducing balance
Computer equipment - 33.33% on cost

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. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 September 2015
and 31 August 2016 52,000
AMORTISATION
At 1 September 2015 31,200
Amortisation for year 2,600
At 31 August 2016 33,800
NET BOOK VALUE

At 31 August 2016 18,200
At 31 August 2015 20,800

Page 4 continued...
TERM TIME TEACHERS LIMITED (REGISTERED NUMBER: 04838862)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 AUGUST 2016

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 September 2015 51,091
Additions 2,585
At 31 August 2016 53,676
DEPRECIATION
At 1 September 2015 45,867
Charge for year 3,824
At 31 August 2016 49,691
NET BOOK VALUE
At 31 August 2016 3,985
At 31 August 2015 5,224

4. FIXED ASSET INVESTMENTS
Investments
other
than
loans
£   
COST
At 1 September 2015 464,656
Additions 86,453
At 31 August 2016 551,109
NET BOOK VALUE
At 31 August 2016 551,109
At 31 August 2015 464,656

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
2 Ordinary £1 2 2

Page 5 continued...
TERM TIME TEACHERS LIMITED (REGISTERED NUMBER: 04838862)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 AUGUST 2016

6. RELATED PARTY DISCLOSURES

For the year under review, the company was controlled by the directors; Mr J Parisella and Mrs C Parisella.

During the year the following dividends were voted and paid:

Ordinary shares - £50,129 - Mr J Parisella
Ordinary shares - £50,129 - Mrs C Parisella
During the year the company raised sales totalling £nil (2015: £53,921) to Term Time Teachers (2) LLP of
which £nil (2015: £nil) was still outstanding as at 31 August 2016. Term Time Teachers (2) LLP is also
controlled by Mr J Parisella and Mrs C Parisella.

During the year, an official rate of interest has been charged on the loan taken out by GA & R Davies in the
previous year. GA & R Davies are cousins of Mrs C Parisella.

Page 6