Abbreviated Company Accounts - TOWER HILL TRADING LTD

TOWER HILL TRADING LTD - Company Information

07973635 TOWER HILL TRADING LTD 2014-03-31 false 2013-04-01 2014-03-31 true 07973635 2013-04-01 2014-03-31 07973635 2014-03-31 07973635 2013-03-31 07973635 uk-gaap-cd-bus:Director1 2013-04-01 2014-03-31 07973635 uk-gaap-cd-bus:Director2 2013-04-01 2014-03-31 uk-gaap-cd-bus:Director3 2013-04-01 2014-03-31 uk-gaap-cd-bus:Director3 2014-03-31 uk-gaap-cd-bus:Director3 2013-03-31 iso4217:GBP shares

Registered Number 07973635

TOWER HILL TRADING LTD

Abbreviated Accounts

31 March 2014

TOWER HILL TRADING LTD Registered Number 07973635

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	293,866	138,700
		293,866	138,700
Current assets
Investments		191,000	-
Cash at bank and in hand		255,700	236,685
		446,700	236,685
Net current assets (liabilities)		446,700	236,685
Total assets less current liabilities		740,566	375,385
Total net assets (liabilities)		740,566	375,385
Capital and reserves
Called up share capital		752,816	380,076
Profit and loss account		(12,250)	(4,691)
Shareholders' funds		740,566	375,385

For the year ending 31 March 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 14 November 2014

And signed on their behalf by:
Stephanie Colledge, Director
Bryan Colledge, Director

TOWER HILL TRADING LTD Registered Number 07973635

Notes to the Abbreviated Accounts for the period ended 31 March 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
The turnover shown in the profit and loss account represents revenue recognised by the company in respect of goods and services supplied during the period, exclusive of Value Added Tax and trade discounts.

Tangible assets depreciation policy
Depreciation is provided after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life. Freehold buildings 2% on cost or revalued amounts, plant and machinery 15% on cost, fixtures and fittings 10% on cost, motor vehicles 25% on cost.

Intangible assets amortisation policy
Intangible fixed assets(including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives, not to exceed 20 years. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

Valuation information and policy
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable assets.

Other accounting policies
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.Research and development expenditure is written off in the year in which it is incurred. Deferred taxation is provided in full at the rates of tax that are expected to apply in the periods when the timing differences will reverse and has not been discounted.

2Tangible fixed assets

	£
Cost
At 1 April 2013	138,700
Additions	156,009
Disposals	0
Revaluations	0
Transfers	0
At 31 March 2014	294,709
Depreciation
At 1 April 2013	0
Charge for the year	843
On disposals	-
At 31 March 2014	843
Net book values
At 31 March 2014	293,866
At 31 March 2013	138,700

3Transactions with directors

Name of director receiving advance or credit:	Stephanie Colledge
Description of the transaction:	Director Fee
Balance at 1 April 2013:	£ 7,440
Advances or credits made:	£ 6,990
Advances or credits repaid:	£ 0
Balance at 31 March 2014:	£ 14,430