Abbreviated Company Accounts - TRACY MCGREGOR LIMITED

TRACY MCGREGOR LIMITED - Company Information

06926015 TRACY MCGREGOR LIMITED 2014-06-30 false 2013-07-01 2014-06-30 true 06926015 2013-07-01 2014-06-30 06926015 2014-06-30 06926015 2013-06-30 06926015 uk-gaap-cd-bus:Director1 2013-07-01 2014-06-30 06926015 uk-gaap-cd-bus:Director2 2013-07-01 2014-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-07-01 2014-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-06-30 iso4217:GBP shares

Registered Number 06926015

TRACY MCGREGOR LIMITED

Abbreviated Accounts

30 June 2014

TRACY MCGREGOR LIMITED Registered Number 06926015

Abbreviated Balance Sheet as at 30 June 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	592	2,530
		592	2,530
Current assets
Debtors		1,432	-
Cash at bank and in hand		56,504	29,488
		57,936	29,488
Creditors: amounts falling due within one year		(25,236)	(16,636)
Net current assets (liabilities)		32,700	12,852
Total assets less current liabilities		33,292	15,382
Total net assets (liabilities)		33,292	15,382
Capital and reserves
Called up share capital	3	1	1
Profit and loss account		33,291	15,381
Shareholders' funds		33,292	15,382

For the year ending 30 June 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 20 February 2015

And signed on their behalf by:
Miss T McGregor, Director

TRACY MCGREGOR LIMITED Registered Number 06926015

Notes to the Abbreviated Accounts for the period ended 30 June 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 sales to outside customers at invoiced amounts.

Tangible assets depreciation policy
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:
Sewing equipment 20% per annum
Office equipment 20% per annum

Other accounting policies
Assets and liabilities in foreign currencies are translated into sterling at the rate of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2Tangible fixed assets

	£
Cost
At 1 July 2013	9,065
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 June 2014	9,065
Depreciation
At 1 July 2013	6,535
Charge for the year	1,938
On disposals	-
At 30 June 2014	8,473
Net book values
At 30 June 2014	592
At 30 June 2013	2,530

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

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