T C S Dunoon Limited - Limited company - abbreviated

REGISTERED NUMBER: SC342595 (Scotland)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MAY 2014

FOR

T C S DUNOON LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

K Grogans

Mrs L L Grogans

REGISTERED OFFICE:

6th Floor Gordon Chambers

90 Mitchell Street

Glasgow

G1 3NQ

REGISTERED NUMBER:

SC342595 (Scotland)

ACCOUNTANTS:

Henderson Loggie

90 Mitchell Street

Glasgow

Lanarkshire

G1 3NQ

FIXED ASSETS

Tangible assets

2

3,917

2,606

CURRENT ASSETS

Stocks

36,177

38,677

Debtors

41,834

42,524

Cash at bank and in hand

17,596

10,110

95,607

91,311

CREDITORS

Amounts falling due within one year

26,196

12,877

NET CURRENT ASSETS

69,411

78,434

TOTAL ASSETS LESS CURRENT
LIABILITIES

73,328

81,040

PROVISIONS FOR LIABILITIES

477

-

NET ASSETS

72,851

81,040

CAPITAL AND RESERVES

Called up share capital

3

102

Profit and loss account

72,749

80,938

SHAREHOLDERS' FUNDS

72,851

81,040

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 20 February 2015 and were signed on its behalf
by:

K Grogans - 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.

Tangible fixed assets

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

Fixtures and fittings

-

20% on a reducing balance basis

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

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

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2013

5,669

Additions

2,290

At 31 May 2014

7,959

DEPRECIATION

At 1 June 2013

3,063

Charge for year

979

At 31 May 2014

4,042

NET BOOK VALUE

At 31 May 2014

3,917

At 31 May 2013

2,606

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

1

Ordinary

£1

100

2

Ordinary A-J

£1

2

102

T C S Dunoon Limited - Limited company - abbreviated - 11.6

T C S Dunoon Limited - Limited company - abbreviated - 11.6