Abbreviated Company Accounts - BUTTERFIELD TAYLOR & CO LIMITED

Abbreviated Company Accounts - BUTTERFIELD TAYLOR & CO LIMITED


Registered Number 08315202

BUTTERFIELD TAYLOR & CO LIMITED

Abbreviated Accounts

31 May 2014

BUTTERFIELD TAYLOR & CO LIMITED Registered Number 08315202

Abbreviated Balance Sheet as at 31 May 2014

Notes 31/05/2014 31/12/2013
£ £
Fixed assets
Tangible assets 2 11,664 14,734
11,664 14,734
Current assets
Debtors 3,176 12,063
Cash at bank and in hand 267 4,861
3,443 16,924
Creditors: amounts falling due within one year (13,365) (20,146)
Net current assets (liabilities) (9,922) (3,222)
Total assets less current liabilities 1,742 11,512
Creditors: amounts falling due after more than one year (30,000) (30,000)
Provisions for liabilities (2,333) (3,094)
Total net assets (liabilities) (30,591) (21,582)
Capital and reserves
Called up share capital 3 100 100
Profit and loss account (30,691) (21,682)
Shareholders' funds (30,591) (21,582)
  • For the year ending 31 May 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 27 June 2015

And signed on their behalf by:
J Fossey Taylor, Director

BUTTERFIELD TAYLOR & CO LIMITED Registered Number 08315202

Notes to the Abbreviated Accounts for the period ended 31 May 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 the total invoice value, excluding value added tax, of sales made during the period and derives from the provision of goods falling within the company's ordinary activities.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its
expected useful life, as follows:
Fixtures, fittings and equipment - 25% reducing balance

Other accounting policies
Leasing
Rentals payable under operating leases are charged against income on a straight line basis over the lease term

2Tangible fixed assets
£
Cost
At 1 January 2014 17,103
Additions 643
Disposals -
Revaluations -
Transfers -
At 31 May 2014 17,746
Depreciation
At 1 January 2014 2,369
Charge for the year 3,713
On disposals -
At 31 May 2014 6,082
Net book values
At 31 May 2014 11,664
At 31 December 2013 14,734
3Called Up Share Capital
Allotted, called up and fully paid:
31/05/2014
£
31/12/2013
£
100 Ordinary shares of £1 each 100 100