Traplet Distribution (USA) Limited - Limited company - abbreviated - 11.6
Traplet Distribution (USA) Limited - Limited company - abbreviated - 11.6
REGISTERED NUMBER: |
ABBREVIATED UNAUDITED ACCOUNTS |
FOR THE YEAR ENDED 31ST MARCH 2014 |
FOR |
TRAPLET DISTRIBUTION (USA) LIMITED |
TRAPLET DISTRIBUTION (USA) LIMITED (REGISTERED NUMBER: 02057546) |
CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31ST MARCH 2014 |
Page |
Company Information | 1 |
Abbreviated Balance Sheet | 2 |
Notes to the Abbreviated Accounts | 3 |
TRAPLET DISTRIBUTION (USA) LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31ST MARCH 2014 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
TRAPLET DISTRIBUTION (USA) LIMITED (REGISTERED NUMBER: 02057546) |
ABBREVIATED BALANCE SHEET |
31ST MARCH 2014 |
2014 | 2013 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
CURRENT ASSETS |
Stocks |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital | 3 |
Profit and loss account | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
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 financial statements were approved by the Board of Directors on by: |
TRAPLET DISTRIBUTION (USA) LIMITED (REGISTERED NUMBER: 02057546) |
NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31ST MARCH 2014 |
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). |
Exemption from preparing a cash flow statement |
Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a |
small company. |
Turnover |
Turnover represents net invoiced sales of goods, excluding value added tax. |
Tangible fixed assets |
Fixtures and fittings | - |
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. |
2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1st April 2013 |
and 31st March 2014 |
DEPRECIATION |
At 1st April 2013 |
Charge for year |
At 31st March 2014 |
NET BOOK VALUE |
At 31st March 2014 |
At 31st March 2013 |
3. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2014 | 2013 |
value: | £ | £ |
Ordinary | £1 |
TRAPLET DISTRIBUTION (USA) LIMITED (REGISTERED NUMBER: 02057546) |
NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 31ST MARCH 2014 |
4. | GOING CONCERN BASIS |
The financial statements have been drawn up on a going concern basis which assumes that the company will |
continue in operational existence for the foreseeable future. |
The basis is considered appropriate by the directors because the company is trading within its agreed bank |
facility and is able to meet its debts as and when they fall due. Creditors include £636,894 (2013 - £581,401) |
owing to Traplet Publications Limited, a company controlled by A.H. Stephenson Esq. Traplet Publications |
Limited have agreed not to demand payment of the debt if to do so would jeopardise the future trading of the |
company. |
Should the company be unable to continue trading adjustment would have to be made to adjust the value of the |
assets to their recoverable amount, to provide for any further liabilities which might arise and to reclassify fixed |
assets as current assets. |