Abbreviated Company Accounts - TILLY CONFECTIONERY LIMITED

Abbreviated Company Accounts - TILLY CONFECTIONERY LIMITED


Registered Number SC346717

TILLY CONFECTIONERY LIMITED

Abbreviated Accounts

31 October 2014

TILLY CONFECTIONERY LIMITED Registered Number SC346717

Abbreviated Balance Sheet as at 31 October 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 950,873 970,858
950,873 970,858
Current assets
Stocks 53,705 52,522
Debtors 331,191 386,184
Cash at bank and in hand 118,961 230,046
503,857 668,752
Creditors: amounts falling due within one year 3 (407,590) (748,404)
Net current assets (liabilities) 96,267 (79,652)
Total assets less current liabilities 1,047,140 891,206
Creditors: amounts falling due after more than one year 3 (744,856) (636,959)
Provisions for liabilities (40,722) (36,216)
Total net assets (liabilities) 261,562 218,031
Capital and reserves
Called up share capital 4 100 100
Profit and loss account 261,462 217,931
Shareholders' funds 261,562 218,031
  • For the year ending 31 October 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 22 July 2015

And signed on their behalf by:
Elisabeth Paterson, Director
Blair Paterson, Director

TILLY CONFECTIONERY LIMITED Registered Number SC346717

Notes to the Abbreviated Accounts for the period ended 31 October 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Tangible assets depreciation policy
Tangible fixed assets other than freehold property 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:
Plant & machinery 10 or 3 years straight line
Motor vehicles 20% reducing balance
Land & buildings 50 years straight line

Other accounting policies
Government grants:
Government grants in respect of capital expenditure are credited to a deferred income account and are released to profit over the expected useful lives of the relevant assets by equal annual instalments. Grants of a revenue nature are credited to income so as to match them with the expenditure to which they relate.

2Tangible fixed assets
£
Cost
At 1 November 2013 1,127,723
Additions 44,893
Disposals (5,130)
Revaluations -
Transfers -
At 31 October 2014 1,167,486
Depreciation
At 1 November 2013 156,865
Charge for the year 59,748
On disposals -
At 31 October 2014 216,613
Net book values
At 31 October 2014 950,873
At 31 October 2013 970,858
3Creditors
2014
£
2013
£
Secured Debts 550,554 865,000
Instalment debts due after 5 years 399,554 390,500
Non-instalment debts due after 5 years 61,890 0
4Called Up Share Capital
Allotted, called up and fully paid:
2014
£
2013
£
100Ordinary shares of £1 each 100 100