Micro-entity Accounts - TOWER HILL TRADING LTD

Micro-entity Accounts - TOWER HILL TRADING LTD

TOWER HILL TRADING LTD - Company Information

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Registered Number 07973635

TOWER HILL TRADING LTD

Micro-entity Accounts

31 March 2017

TOWER HILL TRADING LTD Registered Number 07973635

Micro-entity Balance Sheet as at 31 March 2017

Notes 2017 2016
£ £
Fixed Assets 148,981 843,285
Current Assets 430,957 187,339
Prepayments and accrued income - -
Creditors: amounts falling due within one year (585,231) (438,953)
Net current assets (liabilities) (154,274) (251,614)
Total assets less current liabilities (5,293) 591,671
Provisions for liabilities 0 (225,000)
Total net assets (liabilities) (5,293) 366,671
Capital and reserves (5,293) 366,671
  • For the year ending 31 March 2017 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
  • The accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 30 November 2017

And signed on their behalf by:
B Colledge, Director
S Colledge, Director

Footnotes:
  • Guarantees
    No guarantees were granted to the Directors.
  • Advances and credits
    No advances or credits were granted to the Directors.

TOWER HILL TRADING LTD Registered Number 07973635

Notes to the Micro-entity Accounts for the period ended 31 March 2017

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, and for Micro Entities, effective January 2016.

Turnover policy
Turnover represents amounts chargeable in respect of the sale of goods and services to customers

Tangible assets depreciation policy
Depreciation is provided on certain tangible fixed assets so as to write off the cost or valuation , less any estimated residual value, over their expected useful economic life as follows:
Motor vehicles-25% straight line; furniture and equipment-25% straight line.
Investment properties are not depreciated, as they are expected to increase in value over time.

Valuation information and policy
Fixed assets, including Investment properties, are valued at cost.