Abbreviated Company Accounts - TEW BROTHERS LIMITED

Abbreviated Company Accounts - TEW BROTHERS LIMITED

TEW BROTHERS LIMITED - Company Information

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Registered Number 02799751

TEW BROTHERS LIMITED

Abbreviated Accounts

31 March 2014

TEW BROTHERS LIMITED Registered Number 02799751

Abbreviated Balance Sheet as at 31 March 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 187,040 109,650
187,040 109,650
Current assets
Stocks 21,000 21,000
Debtors 1,462,535 1,574,579
Cash at bank and in hand 10,796 11,080
1,494,331 1,606,659
Creditors: amounts falling due within one year (900,232) (1,033,210)
Net current assets (liabilities) 594,099 573,449
Total assets less current liabilities 781,139 683,099
Creditors: amounts falling due after more than one year (73,927) (6,667)
Provisions for liabilities (27,934) (19,674)
Total net assets (liabilities) 679,278 656,758
Capital and reserves
Called up share capital 10,000 10,000
Profit and loss account 669,278 646,758
Shareholders' funds 679,278 656,758
  • 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 19 December 2014

And signed on their behalf by:
Mr S Tew, Director

TEW BROTHERS LIMITED Registered Number 02799751

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
Turnover is based on invoiced sales net of VAT

Tangible assets depreciation policy
Assets are depreciated, vehicles at 25% reducing balance and plant & equipment 10-25£ straight line

2Tangible fixed assets
£
Cost
At 1 April 2013 287,924
Additions 128,189
Disposals (38,947)
Revaluations -
Transfers -
At 31 March 2014 377,166
Depreciation
At 1 April 2013 178,274
Charge for the year 48,668
On disposals (36,816)
At 31 March 2014 190,126
Net book values
At 31 March 2014 187,040
At 31 March 2013 109,650