Ty-Carreg Holdings Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 06794348 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 JULY 2016

FOR

TY-CARREG HOLDINGS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mr M D Christopher

SECRETARY:

Mrs H Christopher

REGISTERED OFFICE:

Unit

13

Llantrisant Business Park

Llantrisant

Pontyclun

CF72 8LF

REGISTERED NUMBER:

06794348 (England and Wales)

ACCOUNTANT:

Linghams Chartered Accountants

7-8 Raleigh Walk

Waterfront 2000

Brigantine Place

Cardiff

South Glamorgan

CF10 4LN

FIXED ASSETS

Intangible assets

2

38,500

49,500

Tangible assets

3

2,273,388

2,148,173

2,311,888

2,197,673

CURRENT ASSETS

Debtors

39,236

35,214

Investments

1,300

Cash at bank

28,485

-

69,021

36,514

CREDITORS

Amounts falling due within one year

45,232

179,426

NET CURRENT ASSETS/(LIABILITIES)

23,789

(142,912

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,335,677

2,054,761

CREDITORS

Amounts falling due after more than one
year

4

2,361,849

2,118,661

NET LIABILITIES

(26,172

)

(63,900

)

CAPITAL AND RESERVES

Called up share capital

5

1,000

Profit and loss account

(27,172

)

(64,900

)

SHAREHOLDERS' FUNDS

(26,172

)

(63,900

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 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 director on 14 July 2017 and were signed by:

Mr M D Christopher - Director

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 goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on cost

Motor vehicles

-

15% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those

held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance

leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period.

The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

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 August 2015

and 31 July 2016

110,000

AMORTISATION

At 1 August 2015

60,500

Amortisation for year

11,000

At 31 July 2016

71,500

NET BOOK VALUE

At 31 July 2016

38,500

At 31 July 2015

49,500

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2015

3,049,691

Additions

232,009

Disposals

(110,750

)

At 31 July 2016

3,170,950

DEPRECIATION

At 1 August 2015

901,518

Charge for year

51,266

Eliminated on disposal

(55,222

)

At 31 July 2016

897,562

NET BOOK VALUE

At 31 July 2016

2,273,388

At 31 July 2015

2,148,173

4.

CREDITORS

Creditors include an amount of £ 296,674 (31.7.15 - £ 440,620 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.16

31.7.15

value:

£

1,000

Ordinary Shares

£1

1,000