Threllfall Ltd,Ltd - Accounts

THRELLFALL LIMITED - Company Information

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Threllfall Ltd

For the year ended 31 July 2016

Unaudited Abbreviated Report and Financial Statements

England and Wales

Registered Number: 08636668

Contents Page

Threllfall Ltd

For the year ended 31 July 2016

Accountants' Report

Balance Sheet

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Notes to the Abbreviated Financial Statements

Threllfall Ltd

Accountants' Report

For the year ended 31 July 2016

As described on the balance sheet you are responsible for the preparation of the financial statements for

the year ended 31 July 2016 and you consider that the company is exempt from an audit under the

Companies Act 2006.

In accordance with your instructions, we have compiled these unaudited financial statements in order to

assist you to fulfil your statutory responsibilities, from the accounting records and information and

explanations supplied to us.

Steve Leroux & Co

Lea Cottage

Gailey Lea Lane

Gailey

Staffs

ST19 5PT

18 July 2017

Dated:

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Abbreviated Balance Sheet

Threllfall Ltd

As at 31 July 2016

08636668

Registered Number :

2016

Notes

2015

Fixed assets

Tangible assets

4,929

5,790

4,929

5,790

Current assets

Debtors

10,607

16,280

Cash at bank and in hand

6,090

1,371

22,370

11,978

Creditors: amounts falling due within one year

(15,949)

(26,057)

(3,971)

(3,687)

Net current liabilities

Total assets less current liabilities

1,242

1,819

Creditors: amounts falling due after more than one y

ear

(1,140)

(24)

(985)

(1,158)

Provisions for liabilities

233

Net assets/liabilities

(479)

Capital and reserves

Called up share capital

Profit and loss account

232

(480)

233

(479)

Shareholders funds

For the year ended 31 July 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;

2) The director acknowledges his 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.

Date approved by the board: 18 July 2017

Matthew Smith Director

Signed on behalf of the board of directors

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Notes to the Abbreviated Financial Statements

Threllfall Ltd

For the year ended 31 July 2016

1 Accounting Policies

Basis of accounting

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Going Concern

The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the director who has undertaken to provide such support for the foreseeable future. If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Operating lease rentals

Rentals payable under operating leases are charged against income on a straight line basis over the lease

term.

Finance lease and hire purchase charges

The finance element of the rental payment is charged to the profit and loss account on a straight line basis.

Deferred taxation

Deferred taxation arises when items are charged or credited in accounts in different periods to those in which they are included in the company's tax computations.Deferred tax is provided in full on timing differences that result in an obligation to pay more (or less) tax at a future date. Deferred tax is calculated at the average rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. The resulting deferred tax asset or liability is not discounted.

Dividends

Proposed dividends are only included as liabilities in the financial statements when their payment has

been approved by the shareholders prior to the balance sheet date.

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Notes to the Abbreviated Financial Statements

Threllfall Ltd

For the year ended 31 July 2016

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and Machinery

25 Reducing balance

Assets on finance lease and hire purchase

Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the

risks and rewards of ownership have passed to the company, are included in the appropriate category of

tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful

lives.

Future obligations under such contracts are included in creditors net of the finance charge allocated to

future periods.

2 Tangible fixed assets

Tangible

fixed assets

Cost or valuation

8,760

At 01 August 2015

782

Additions

At 31 July 2016

9,542

Depreciation

2,970

At 01 August 2015

1,643

Charge for year

4,613

At 31 July 2016

Net book values

At 31 July 2016

4,929

5,790

At 31 July 2015

3 Share capital

Allotted called up and fully paid

2016

2015

1 Class A share of £1.00 each

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