TCU Trading Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 07605687 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD 1 MAY 2015 TO 31 OCTOBER 2016

FOR

TCU TRADING LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

J D Lovett

REGISTERED OFFICE:

Bailey House

4-10 Barttelot Road

Horsham

West Sussex

RH12 1DQ

REGISTERED NUMBER:

07605687 (England and Wales)

ACCOUNTANTS:

D A CLARK & CO. LTD.

Bailey House

4-10 Barttelot Road

Horsham

West Sussex

RH12 1DQ

FIXED ASSETS

Tangible assets

2

5,060

2,682

CURRENT ASSETS

Stocks

120,647

65,518

Debtors

17,478

12,376

Cash at bank

102,997

84,869

241,122

162,763

CREDITORS

Amounts falling due within one year

48,341

37,903

NET CURRENT ASSETS

192,781

124,860

TOTAL ASSETS LESS CURRENT
LIABILITIES

197,841

127,542

PROVISIONS FOR LIABILITIES

1,012

510

NET ASSETS

196,829

127,032

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

196,729

126,932

SHAREHOLDERS' FUNDS

196,829

127,032

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 October 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 25 July 2017 and were signed by:

J D Lovett - 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.

Tangible fixed assets

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

Plant and machinery

-

20% on cost

Fixtures and fittings

-

20% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

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

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

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2015

4,864

Additions

4,356

Disposals

(1,043

)

At 31 October 2016

8,177

DEPRECIATION

At 1 May 2015

2,182

Charge for period

1,248

Eliminated on disposal

(313

)

At 31 October 2016

3,117

NET BOOK VALUE

At 31 October 2016

5,060

At 30 April 2015

2,682

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.16

30.4.15

value:

£

100

Ordinary

£1

100