Abbreviated Company Accounts - TALISMAN ENERGY LIMITED

TALISMAN ENERGY LIMITED - Company Information

07785768 TALISMAN ENERGY LIMITED 2013-11-30 false 2012-12-01 2013-11-30 true 07785768 2012-12-01 2013-11-30 07785768 2013-11-30 07785768 2012-11-30 07785768 uk-gaap-cd-bus:Director1 2012-12-01 2013-11-30 07785768 uk-gaap-cd-bus:Director2 2012-12-01 2013-11-30 uk-gaap-cd-bus:OrdinaryShareClass1 2012-12-01 2013-11-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-11-30 uk-gaap-cd-bus:OrdinaryShareClass1 2012-11-30 iso4217:GBP shares

Registered Number 07785768

TALISMAN ENERGY LIMITED

Abbreviated Accounts

30 November 2013

TALISMAN ENERGY LIMITED Registered Number 07785768

Abbreviated Balance Sheet as at 30 November 2013

	Notes	2013	2012
		£	£
Fixed assets
Tangible assets	2	216,415	107,755
		216,415	107,755
Current assets
Debtors		5,230	4,336
Cash at bank and in hand		17,823	14,907
		23,053	19,243
Creditors: amounts falling due within one year		(18,051)	(4,074)
Net current assets (liabilities)		5,002	15,169
Total assets less current liabilities		221,417	122,924
Creditors: amounts falling due after more than one year		(256,837)	(155,200)
Total net assets (liabilities)		(35,420)	(32,276)
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		(35,520)	(32,376)
Shareholders' funds		(35,420)	(32,276)

For the year ending 30 November 2013 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 20 August 2014

And signed on their behalf by:
R.P.Hensman, Director

TALISMAN ENERGY LIMITED Registered Number 07785768

Notes to the Abbreviated Accounts for the period ended 30 November 2013

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 the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and machinery 4% straight line

Other accounting policies
Leasing and hire purchase commitments

Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability.

The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.

Rentals paid under operating leases are charged to income on a straight line basis over the lease term.

2Tangible fixed assets

	£
Cost
At 1 December 2012	126,772
Additions	104,459
Disposals	-
Revaluations	-
Transfers	-
At 30 November 2013	231,231
Depreciation
At 1 December 2012	19,017
Charge for the year	-
On disposals	(4,201)
At 30 November 2013	14,816
Net book values
At 30 November 2013	216,415
At 30 November 2012	107,755

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

	2013 £	2012 £
100 Ordinary shares of £1 each	100	100