Textiles Fibres Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 04456161 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 June 2014

for

Textiles Fibres Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

Report of the Accountants

4

DIRECTOR:

D R Minnett

SECRETARY:

Cambridge Heath Secretaries Ltd

REGISTERED OFFICE:

50 Jermyn Street

London

SW1Y 6LX

REGISTERED NUMBER:

04456161 (England and Wales)

ACCOUNTANTS:

Lextray UK Limited

1ST FLOOR VICTORY HOUSE

99-101 REGENT STREET

London

W1B 4EZ

CURRENT ASSETS

Debtors

4,508,752

2,918,709

Cash at bank

236,478

51,832

4,745,230

2,970,541

CREDITORS

Amounts falling due within one year

570,120

(1,177,491

)

NET CURRENT ASSETS

4,175,110

4,148,032

TOTAL ASSETS LESS CURRENT LIABILITIES

4,175,110

4,148,032

CREDITORS

Amounts falling due after more than one year

4,099,000

4,099,000

NET ASSETS

76,110

49,032

CAPITAL AND RESERVES

Called up share capital

2

16,000

16,000

Profit and loss account

60,110

33,032

SHAREHOLDERS' FUNDS

76,110

49,032

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 25 March 2015 and were signed by:

D R Minnett - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

Partner's profit share

Under a partnership agreement dated 01 July 2002 Fineforce Limited of Wickhams Cay, Road Town, tortola,

British Virgin Islands, is entitled to receive a profit share amounting to 95% of the net profit on all transactions

administered on behalf of the partnership by Textiles Connections Limited.

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.

Deferred tax

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

sheet date.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates 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 transaction. Exchange differences are taken into account in arriving at the operating result.

2.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.14

30.6.13

value:

€

€

10,000

Ordinary

£ 1

16,000

16,000

3.	ULTIMATE PARENT COMPANY

The ultimate parent companies are Lloyd (Andrews) Nominees, a company incorporated in the British Virgin

Islands and Offshore capital Corp., a company incorporated in the Republic of Panama.

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to three)

have been prepared.

As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended

30 June 2014 set out on pages nil to nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to

fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Lextray UK Limited

1ST FLOOR VICTORY HOUSE

99-101 REGENT STREET

London

W1B 4EZ

25 March 2015