Abbreviated Company Accounts - TERRY RYAN PHOTOGRAPHY LIMITED

TERRY RYAN PHOTOGRAPHY LIMITED - Company Information

Registered Number 02775403

TERRY RYAN PHOTOGRAPHY LIMITED

Abbreviated Accounts

31 October 2016

TERRY RYAN PHOTOGRAPHY LIMITED Registered Number 02775403

Abbreviated Balance Sheet as at 31 October 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	6,762	7,795
		6,762	7,795
Current assets
Stocks		1,250	1,500
Debtors		350	13,166
Cash at bank and in hand		5,585	5,043
		7,185	19,709
Creditors: amounts falling due within one year		(7,823)	(13,190)
Net current assets (liabilities)		(638)	6,519
Total assets less current liabilities		6,124	14,314
Total net assets (liabilities)		6,124	14,314
Capital and reserves
Called up share capital		100	100
Profit and loss account		6,024	14,214
Shareholders' funds		6,124	14,314

For the year ending 31 October 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 28 June 2017

And signed on their behalf by:
MR T A M RYAN, Director

TERRY RYAN PHOTOGRAPHY LIMITED Registered Number 02775403

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

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents net invoices sales of goods and services excluding VAT.

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant & machinery etc - 25% on reducing balance

2Tangible fixed assets

	£
Cost
At 1 November 2015	49,253
Additions	1,221
Disposals	-
Revaluations	-
Transfers	-
At 31 October 2016	50,474
Depreciation
At 1 November 2015	41,458
Charge for the year	2,254
On disposals	-
At 31 October 2016	43,712
Net book values
At 31 October 2016	6,762
At 31 October 2015	7,795