Towing & Trailers Limited - Limited company - abbreviated

REGISTERED NUMBER: 05738426 (England and Wales)

TOWING & TRAILERS LIMITED

ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 30 APRIL 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

A D Burrows

D G Nunn

Mrs J A Burrows

REGISTERED OFFICE:

33 Chatsworth Road

Worksop

Nottinghamshire

S81 0LD

REGISTERED NUMBER:

05738426 (England and Wales)

ACCOUNTANTS:

Duncan Chartered Accountants

5 Cherrytree

Union Road

Sheffield

South Yorkshire

S11 9EF

FIXED ASSETS

Tangible assets

2

10,588

10,409

CURRENT ASSETS

Stocks

161,343

127,484

Debtors

14,191

9,199

Cash at bank and in hand

14,364

19,933

189,898

156,616

CREDITORS

Amounts falling due within one year

198,316

164,980

NET CURRENT LIABILITIES

(8,418

)

(8,364

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,170

2,045

PROVISIONS FOR LIABILITIES

1,825

1,725

NET ASSETS

345

320

CAPITAL AND RESERVES

Called up share capital

3

6

Profit and loss account

339

314

SHAREHOLDERS' FUNDS

345

320

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2014 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 11 December 2014 and were signed on its behalf
by:

D G Nunn - 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 April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

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

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

33% on cost and 15% 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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2013

35,266

Additions

3,297

At 30 April 2014

38,563

DEPRECIATION

At 1 May 2013

24,857

Charge for year

3,118

At 30 April 2014

27,975

NET BOOK VALUE

At 30 April 2014

10,588

At 30 April 2013

10,409

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30/4/14

30/4/13

value:

£

3

Ordinary

£1

3

Ordinary "A"

£1

3

6

Towing & Trailers Limited - Limited company - abbreviated - 11.0.0

Towing & Trailers Limited - Limited company - abbreviated - 11.0.0