Collyers TMA Limited - Abbreviated accounts 16.3
Collyers TMA Limited - Abbreviated accounts 16.3
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts for the Year Ended 31st August 2016 |
| for |
| COLLYERS TMA LIMITED |
| COLLYERS TMA LIMITED (REGISTERED NUMBER: 01593520) |
| Contents of the Abbreviated Accounts |
| for the year ended 31st August 2016 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| Chartered Accountants' Report | 7 |
| COLLYERS TMA LIMITED |
| Company Information |
| for the year ended 31st August 2016 |
| DIRECTORS: |
| SECRETARIES: |
| G McLelland |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| COLLYERS TMA LIMITED (REGISTERED NUMBER: 01593520) |
| Abbreviated Balance Sheet |
| 31st August 2016 |
| 2016 | 2015 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| Investments | 3 |
| CURRENT ASSETS |
| Stocks and work-in-progress |
| Debtors |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 4 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
4 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 5 |
| Capital redemption reserve |
| 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. |
| COLLYERS TMA LIMITED (REGISTERED NUMBER: 01593520) |
| Abbreviated Balance Sheet - continued |
| 31st August 2016 |
| The financial statements were approved by the Board of Directors on behalf by: |
| COLLYERS TMA LIMITED (REGISTERED NUMBER: 01593520) |
| Notes to the Abbreviated Accounts |
| for the year ended 31st 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). |
| Preparation of consolidated financial statements |
| The financial statements contain information about Collyers TMA Limited as an individual company |
| and do not contain consolidated financial information as the parent of a group. The company has taken |
| the option under Section 398 of the Companies Act 2006 not to prepare consolidated financial |
| statements. |
| Related party exemption |
| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 8 |
| Related Party Disclosures, not to disclose related party transactions with wholly owned subsidiaries |
| within the group. |
| Turnover |
| Turnover represents net invoiced fees and disbursements for services, excluding value added tax. |
| Tangible fixed assets |
| Freehold buildings | - 2% straight line |
| Plant and machinery | - 10% reducing balance |
| Fixtures and equipment | - 20-25% reducing balance |
| Motor vehicles | - 25% reducing balance |
| Stocks |
| Work in progress is valued at the lower of cost and net realisable value. |
| Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at |
| the balance sheet date. |
| Foreign currencies |
| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at |
| the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of |
| exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at |
| the operating result. |
| Hire purchase and leasing commitments |
| Assets held under finance leases and hire purchase agreements are included under fixed assets at the |
| fair value of the asset. The capital element of the future payments are treated as a liability and the |
| interest element is charged to the profit and loss account in the period that it accrues. Rentals paid |
| under operating leases are charged to the profit and loss account as incurred. |
| 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. |
| Fixed asset investments |
| Fixed asset investments are stated at cost less provision for permanent diminution. |
| COLLYERS TMA LIMITED (REGISTERED NUMBER: 01593520) |
| Notes to the Abbreviated Accounts - continued |
| for the year ended 31st August 2016 |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1st September 2015 |
| and 31st August 2016 |
| DEPRECIATION |
| At 1st September 2015 |
| Charge for year |
| At 31st August 2016 |
| NET BOOK VALUE |
| At 31st August 2016 |
| At 31st August 2015 |
| 3. | FIXED ASSET INVESTMENTS |
| Investments |
| other |
| than |
| loans |
| £ |
| COST |
| At 1st September 2015 | 180,000 |
| Additions | 700 |
| At 31st August 2016 | 180,700 |
| PROVISIONS |
| At 1st September 2015 |
| and 31st August 2016 | 180,000 |
| NET BOOK VALUE |
| At 31st August 2016 |
| At 31st August 2015 |
| The company's investments at the Balance Sheet date in the share capital of companies include the |
| following: |
| Nature of business: |
| % |
| Class of shares: | holding |
| Ordinary | 100.00 |
| COLLYERS TMA LIMITED (REGISTERED NUMBER: 01593520) |
| Notes to the Abbreviated Accounts - continued |
| for the year ended 31st August 2016 |
| 3. | FIXED ASSET INVESTMENTS - continued |
| Nature of business: |
| % |
| Class of shares: | holding |
| Ordinary | 70.00 |
| £ |
| Aggregate capital and reserves | (12,459 | ) |
| Loss for the year | (13,459 | ) |
| 4. | CREDITORS |
| Creditors include an amount of £ |
| They also include the following debts falling due in more than five years: |
| 2016 | 2015 |
| £ | £ |
| Repayable by instalments | 137,500 | 172,633 |
| 5. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2016 | 2015 |
| value: | £ | £ |
| Ordinary | 1p |
| Ordinary "A" Non-voting | 1p |
| (2015 - ) |
| 200 | 208 |
| 6. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to directors subsisted during the years ended 31st August 2016 |
| and 31st August 2015: |
| 2016 | 2015 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid |
| Balance outstanding at end of year |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) |
| Balance outstanding at end of year |
| Loans to directors have no interest and specific repayment terms attaching. |
| Chartered Accountants' Report to the Board of Directors |
| on the Unaudited Financial Statements of |
| Collyers TMA Limited |
| The following reproduces the text of the report prepared for the directors in respect of the company's |
| annual unaudited financial statements, from which the unaudited abbreviated accounts (set out on |
| pages two to six) have been prepared. |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval |
| the financial statements of Collyers TMA Limited for the year ended 31st August 2016 which comprise the |
| Profit and Loss Account, the Balance Sheet and the related notes 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
| This report is made solely to the Board of Directors of Collyers TMA Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Collyers TMA Limited and state those matters that we have agreed to state to the Board of Directors of Collyers TMA Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Collyers TMA Limited Board of Directors, as a body, for our work or for this report. |
| It is your duty to ensure that Collyers TMA Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Collyers TMA Limited. You consider that Collyers TMA Limited 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 financial statements of Collyers TMA Limited. 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 financial statements. |
| 24th May 2017 |