TEME_VALLEY_ADJUSTABLE_BE - Accounts

TEME VALLEY ADJUSTABLE BEDS AND RECLINERS LTD. - Company Information

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Company Registration No. 04535640 (England and Wales)

TEME VALLEY ADJUSTABLE BEDS AND RECLINERS LTD

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2016

TEME VALLEY ADJUSTABLE BEDS AND RECLINERS LTD

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

TEME VALLEY ADJUSTABLE BEDS AND RECLINERS LTD

ABBREVIATED BALANCE SHEET

AS AT

30 NOVEMBER 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

3,406

4,540

Current assets

Stocks

37,407

38,987

Debtors

75,530

74,166

Cash at bank and in hand

4,082

112,958

117,235

Creditors: amounts falling due within one year

(135,970)

(161,809)

Net current liabilities

(23,012)

(44,574)

Total assets less current liabilities

(19,606)

(40,034)

Creditors: amounts falling due after more than one year

(6,828)

(4,888)

(26,434)

(44,922)

Capital and reserves

Called up share capital

Profit and loss account

(26,435)

(44,923)

Shareholder's funds

(26,434)

(44,922)

For the financial year ended 30 November 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 24 August 2017

Mr R Hill

Director

Company Registration No. 04535640

TEME VALLEY ADJUSTABLE BEDS AND RECLINERS LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 NOVEMBER 2016

- 2 -

Accounting policies

1.1

Accounting convention

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

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Land and buildings Leasehold

Plant and machinery

25% depreciation on a reducing balance basis

Motor vehicles

25% depreciation on a reducing balance basis

1.5

Stock

Stock is valued at the lower of cost and net realisable value.

Fixed assets

Tangible assets

Cost

At 1 December 2015 & at 30 November 2016

45,315

Depreciation

At 1 December 2015

40,774

Charge for the year

1,135

At 30 November 2016

41,909

Net book value

At 30 November 2016

3,406

At 30 November 2015

4,540

Share capital

2016

2015

Allotted, called up and fully paid

1 share valued at £1