Textile Team Limited - Limited company - abbreviated

REGISTERED NUMBER: 03066836 (England and Wales)

Abbreviated Unaudited Accounts

for the Period

30 November 2012 to 28 November 2013

for

TEXTILE TEAM LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr J R Goldsmith

Mr M Gerrard

REGISTERED OFFICE:

42 Lytton Road

Barnet

Hertfordshire

EN5 5BY

REGISTERED NUMBER:

03066836 (England and Wales)

ACCOUNTANTS:

Jeff Lermer & Associates

Chartered Accountants

42 Lytton Road

Barnet

Hertfordshire

EN5 5BY

FIXED ASSETS

Tangible assets

2

4,271

4,917

CURRENT ASSETS

Debtors

1,736

1,034

Cash at bank and in hand

52,074

18,357

53,810

19,391

CREDITORS

Amounts falling due within one year

4,299

3,930

NET CURRENT ASSETS

49,511

15,461

TOTAL ASSETS LESS CURRENT
LIABILITIES

53,782

20,378

CAPITAL AND RESERVES

Called up share capital

3

1,002

1,000

Profit and loss account

52,780

19,378

SHAREHOLDERS' FUNDS

53,782

20,378

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 November 2013.

The members have not required the company to obtain an audit of its financial statements for the period ended 28 November 2013 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 19 November 2014 and were
signed on its behalf by:

Mr J R Goldsmith - Director

Mr M Gerrard - 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 April 2008).

Turnover

Turnover represents commissions received, 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

-

10% on cost

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 30 November 2012

and 28 November 2013

6,457

DEPRECIATION

At 30 November 2012

1,540

Charge for period

646

At 28 November 2013

2,186

NET BOOK VALUE

At 28 November 2013

4,271

At 29 November 2012

4,917

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.11.13

29.11.12

value:

£

250

A Ordinary

£1

250

B Ordinary

£1

250

C Ordinary

£1

250

D Ordinary

£1

250

1

E Ordinary

£1

1

-

1

F Ordinary

£1

1

-

1,002

1,000

The following shares were issued during the period for cash at par :

1 E Ordinary share of £1

1 F Ordinary share of £1

Textile Team Limited - Limited company - abbreviated - 11.0.0

Textile Team Limited - Limited company - abbreviated - 11.0.0