Abbreviated Company Accounts - TOWNLEY DYESTUFFS LIMITED

TOWNLEY DYESTUFFS LIMITED - Company Information

Registered Number 02694271

TOWNLEY DYESTUFFS LIMITED

Abbreviated Accounts

30 November 2013

TOWNLEY DYESTUFFS LIMITED Registered Number 02694271

Abbreviated Balance Sheet as at 30 November 2013

	Notes	2013	2012
		£	£
Fixed assets
Intangible assets	2	86,667	-
Tangible assets	3	7,204	-
		93,871	-
Current assets
Debtors		207,353	-
Cash at bank and in hand		-	456
		207,353	456
Creditors: amounts falling due within one year		(300,845)	(424)
Net current assets (liabilities)		(93,492)	32
Total assets less current liabilities		379	32
Total net assets (liabilities)		379	32
Capital and reserves
Called up share capital		104	104
Profit and loss account		275	(72)
Shareholders' funds		379	32

For the year ending 30 November 2013 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 31 August 2014

And signed on their behalf by:
Roger Cockhill, Director

TOWNLEY DYESTUFFS LIMITED Registered Number 02694271

Notes to the Abbreviated Accounts for the period ended 30 November 2013

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 invoiced value of goods and services provided, net of value added tax and trade discounts.

Tangible assets depreciation policy
Deprecation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant and machinery straight line 25%

Intangible assets amortisation policy
Goodwill arising in connection with the acquisition of a business is capitalised and amortised over its estimated economic life to a maximum of 20 years.

2Intangible fixed assets

	£
Cost
At 1 December 2012	-
Additions	100,000
Disposals	-
Revaluations	-
Transfers	-
At 30 November 2013	100,000
Amortisation
At 1 December 2012	-
Charge for the year	13,333
On disposals	-
At 30 November 2013	13,333
Net book values
At 30 November 2013	86,667
At 30 November 2012	-

3Tangible fixed assets

	£
Cost
At 1 December 2012	-
Additions	8,645
Disposals	-
Revaluations	-
Transfers	-
At 30 November 2013	8,645
Depreciation
At 1 December 2012	-
Charge for the year	1,441
On disposals	-
At 30 November 2013	1,441
Net book values
At 30 November 2013	7,204
At 30 November 2012	-