Under the Thatch Limited - Period Ending 2014-03-31

Registration number: 06483428

Under the Thatch Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2014
 

Under the Thatch Limited
Contents

Company Information 1

Accountants' Report 2

Abbreviated Balance Sheet 3

Notes to the Abbreviated Accounts 4 to 5

Under the Thatch Limited
Company Information

Director

Dr G Stevenson

Registered office

Felin Brithdir Rhydlewis Llandysul Ceredigion SA44 5SN

Accountants

PJE Chartered Accountants 23, College Street Lampeter Ceredigion SA48 7DY

Page 1

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 3 to 5) have been prepared.

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Under the Thatch Limited
for the Year Ended 31 March 2014

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Under the Thatch Limited for the year ended 31 March 2014 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Under the Thatch Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Under the Thatch Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Under the Thatch Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Under the Thatch Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Under the Thatch Limited. You consider that Under the Thatch Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Under the Thatch Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

PJE Chartered Accountants
23, College Street
Lampeter
Ceredigion
SA48 7DY

8 October 2014

Under the Thatch Limited
(Registration number: 06483428)
Abbreviated Balance Sheet at 31 March 2014

		Note			2014 £			2013 £
Fixed assets
Tangible fixed assets					-			43,780
Current assets
Debtors		3			14,183			10,958
Cash at bank and in hand					389,979			598,177
					404,162			609,135
Creditors: Amounts falling due within one year					(36,405)			(227,627)
Net current assets					367,757			381,508
Net assets					367,757			425,288
Capital and reserves
Called up share capital		4			1,000			1,000
Profit and loss account					366,757			424,288
Shareholders' funds					367,757			425,288

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 director acknowledges his 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 director on 8 October 2014

.........................................
Dr G Stevenson
Director

The notes on pages 4 to 5 form an integral part of these financial statements.
Page 3

Under the Thatch Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 net invoiced sales of services, excluding value added tax.

Depreciation

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

Asset class	Depreciation method and rate
Motor Vehicles	25% on cost
Fixtures and fittings	25% on reducing balance
Office equipment	33% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reverced at the balance sheet date.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 4

Under the Thatch Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2014
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 April 2013		50,380			50,380
Additions		885			885
Disposals		(51,265)			(51,265)
At 31 March 2014		-			-
Depreciation
At 1 April 2013		6,600			6,600
Charge for the year		281			281
Eliminated on disposals		(6,881)			(6,881)
At 31 March 2014		-			-
Net book value
At 31 March 2014		-			-
At 31 March 2013		43,780			43,780

3

Debtors

Debtors includes £nil (2013 - £10,958) receivable after more than one year.

 

4	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary of £1 each		1,000			1,000			1,000			1,000

5

Control

The company is controlled by Dr G Stevenson, a director of the company.

Page 5