Truemade Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 03361675 (England and Wales)

ABBREVIATED ACCOUNTS

FOR THE PERIOD 1 APRIL 2015 TO 30 SEPTEMBER 2016

FOR

TRUEMADE LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

H R El Chamaa

J S Woien

REGISTERED OFFICE:

15 Cherry Crescent

Brentford

Middlesex

TW8 8NN

REGISTERED NUMBER:

03361675 (England and Wales)

ACCOUNTANTS:

Naren & Associates Limited

181 Whitton Avenue East

Greenford

Middlesex

UB6 0QF

FIXED ASSETS

Tangible assets

2

73,390

55,337

CURRENT ASSETS

Stocks

-

12,250

Debtors

37,633

55,272

Cash at bank and in hand

139,926

2,453

177,559

69,975

CREDITORS

Amounts falling due within one year

3

28,147

124,946

NET CURRENT ASSETS/(LIABILITIES)

149,412

(54,971

)

TOTAL ASSETS LESS CURRENT LIABILITIES

222,802

366

CREDITORS

Amounts falling due after more than one year

75,000

75,000

NET ASSETS/(LIABILITIES)

147,802

(74,634

)

CAPITAL AND RESERVES

Called up share capital

4

1,000

1,000

Profit and loss account

146,802

(75,634

)

SHAREHOLDERS' FUNDS

147,802

(74,634

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 September 2016.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 September 2016 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 23 October 2017 and were signed on its behalf by:

H R El Chamaa - 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

Tangible fixed assets

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

Freehold property

-

2% on cost

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

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

moving items.

Deferred tax

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

sheet date.

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.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

445,131

Additions

29,806

Disposals

(266,334

)

At 30 September 2016

208,603

DEPRECIATION

At 1 April 2015

389,794

Charge for period

3,982

Eliminated on disposal

(258,563

)

At 30 September 2016

135,213

NET BOOK VALUE

At 30 September 2016

73,390

At 31 March 2015

55,337

3.

CREDITORS

Creditors include an amount of £ 0 (31.3.15 - £ 38,241 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.16

31.3.15

value:

£

£

1,000

Ordinary

£1

1,000

1,000

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in debtors is amounts due from the director, H R El Chamaa of £35,612 (2015 creditors due to £42,812)

which were fully repaid after the period end.

6.	RELATED PARTY DISCLOSURES