Abbreviated Company Accounts - TIM DAVIDSON (AUCTIONS) LIMITED

TIM DAVIDSON (AUCTIONS) LIMITED - Company Information

07187890 TIM DAVIDSON (AUCTIONS) LIMITED 2014-03-31 false 2013-04-01 2014-03-31 true 07187890 2013-04-01 2014-03-31 07187890 2014-03-31 07187890 2013-03-31 07187890 uk-gaap-cd-bus:Director1 2013-04-01 2014-03-31 07187890 uk-gaap-cd-bus:Director2 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-03-31 iso4217:GBP shares

Registered Number 07187890

TIM DAVIDSON (AUCTIONS) LIMITED

Abbreviated Accounts

31 March 2014

TIM DAVIDSON (AUCTIONS) LIMITED Registered Number 07187890

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	8,981	11,975
		8,981	11,975
Current assets
Stocks		130	560
Debtors		19,379	19,609
Cash at bank and in hand		7,171	694
		26,680	20,863
Creditors: amounts falling due within one year		(28,160)	(21,544)
Net current assets (liabilities)		(1,480)	(681)
Total assets less current liabilities		7,501	11,294
Creditors: amounts falling due after more than one year		(3,583)	(6,996)
Provisions for liabilities		(1,796)	(2,395)
Total net assets (liabilities)		2,122	1,903
Capital and reserves
Called up share capital	3	2	2
Profit and loss account		2,120	1,901
Shareholders' funds		2,122	1,903

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 29 December 2014

And signed on their behalf by:
T N Davidson, Director

TIM DAVIDSON (AUCTIONS) LIMITED Registered Number 07187890

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 represents amounts receivable for goods and services net of VAT.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life as follows:

Office equipment 25% reducing balance
Motor vehicles 25% reducing balance

2Tangible fixed assets

	£
Cost
At 1 April 2013	13,874
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	13,874
Depreciation
At 1 April 2013	1,899
Charge for the year	2,994
On disposals	-
At 31 March 2014	4,893
Net book values
At 31 March 2014	8,981
At 31 March 2013	11,975

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
2 Ordinary shares of £1 each	2	2