Company Registration No. 08344772 (England and Wales)
TT LAW LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2014
TT LAW LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
TT LAW LIMITED
ABBREVIATED BALANCE SHEET
- 1 -
2014
2013
Notes
£
£
£
£
Fixed assets
Tangible assets
2
1,938
Current assets
Debtors
32,308
100
Cash at bank and in hand
8,883
41,191
100
Creditors: amounts falling due within one year
(37,595)
Net current assets
3,596
100
Total assets less current liabilities
5,534
100
Provisions for liabilities
(388)
5,146
100
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
5,046
Shareholders' funds
5,146
100
For the financial year ended 31 July 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 6 March 2015
Mr N Takiar
Director
Company Registration No. 08344772
TT LAW LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JULY 2014
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable in connection with legal services net of VAT. in connection with legal services net of VAT.
1.4
Tangible fixed assets and depreciation
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:
Fixtures, fittings & equipment
33% Reducing balance
2
Fixed assets
Tangible assets
£
Cost
At 1 August 2013
-
Additions
2,238
At 31 July 2014
2,238
Depreciation
At 1 August 2013
-
Charge for the year
300
At 31 July 2014
300
Net book value
At 31 July 2014
1,938
3
Share capital
2014
2013
£
£
Allotted, called up and fully paid
100 Ordinary Shares of £1 each
100
100
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