Tranter Lowe (Oakengates) Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 06537462 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2014

for

Tranter Lowe (Oakengates) Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

A J Poole

J Tranter

SECRETARY:

A J Poole

REGISTERED OFFICE:

International House

6 Market Street

Oakengates

Telford

Shropshire

TF2

6EF

REGISTERED NUMBER:

06537462 (England and Wales)

ACCOUNTANTS:

Tranter Lowe (Oakengates) Limited

Chartered Accountants

International House

6 Market Street

Oakengates

Telford

Shropshire

TF2 6EF

FIXED ASSETS

Intangible assets

2

374,958

401,740

Tangible assets

3

785

985

375,743

402,725

CURRENT ASSETS

Stocks

26,291

33,801

Debtors

104,200

105,727

Cash at bank and in hand

47,771

56,719

178,262

196,247

CREDITORS

Amounts falling due within one year

517,451

542,489

NET CURRENT LIABILITIES

(339,189

)

(346,242

)

TOTAL ASSETS LESS CURRENT LIABILITIES

36,554

56,483

CAPITAL AND RESERVES

Called up share capital

4

107

107

Profit and loss account

36,447

56,376

SHAREHOLDERS' FUNDS

36,554

56,483

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 19 December 2014 and were signed on its behalf by:

A J Poole - 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets

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

Office equipment

-

20% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

50% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

and 31 March 2014

535,650

AMORTISATION

At 1 April 2013

133,910

Amortisation for year

26,782

At 31 March 2014

160,692

NET BOOK VALUE

At 31 March 2014

374,958

At 31 March 2013

401,740

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

9,065

Additions

297

At 31 March 2014

9,362

DEPRECIATION

At 1 April 2013

8,080

Charge for year

497

At 31 March 2014

8,577

NET BOOK VALUE

At 31 March 2014

785

At 31 March 2013

985

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.14

31.3.13

value:

£

£

100

Ordinary "A" Shares

£1

100

100

1

Ordinary "B" Shares

£1

1

1

1

Ordinary "C" Shares

£1

1

1

1

Ordinary "D" Shares

£1

1

1

1

Ordinary "E" Shares

£1

1

1

1

Ordinary "F" Shares

£1

1

1

1

Ordinary "G" Shares

£1

1

1

1

Ordinary "H" Shares

£1

1

1

107

107