Abbreviated Company Accounts - TRACY MCGREGOR LIMITED

TRACY MCGREGOR LIMITED - Company Information

06926015 TRACY MCGREGOR LIMITED 2015-06-30 false 2014-07-01 2015-06-30 true 06926015 2014-07-01 2015-06-30 06926015 2015-06-30 06926015 2014-06-30 06926015 uk-gaap-cd-bus:Director1 2014-07-01 2015-06-30 06926015 uk-gaap-cd-bus:Director2 2014-07-01 2015-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-07-01 2015-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-06-30 iso4217:GBP shares

Registered Number 06926015

TRACY MCGREGOR LIMITED

Abbreviated Accounts

30 June 2015

TRACY MCGREGOR LIMITED Registered Number 06926015

Abbreviated Balance Sheet as at 30 June 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	362	592
		362	592
Current assets
Debtors		-	1,432
Cash at bank and in hand		69,124	56,504
		69,124	57,936
Creditors: amounts falling due within one year		(32,317)	(25,236)
Net current assets (liabilities)		36,807	32,700
Total assets less current liabilities		37,169	33,292
Total net assets (liabilities)		37,169	33,292
Capital and reserves
Called up share capital	3	1	1
Profit and loss account		37,168	33,291
Shareholders' funds		37,169	33,292

For the year ending 30 June 2015 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 28 January 2016

And signed on their behalf by:
Miss T McGregor, Director

TRACY MCGREGOR LIMITED Registered Number 06926015

Notes to the Abbreviated Accounts for the period ended 30 June 2015

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 sales to outside customers at invoiced amounts.

Tangible assets depreciation policy
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:
Sewing equipment 20% per annum
Office equipment 20% per annum.

Other accounting policies
Assets and liabilities in foreign currencies are translated into sterling at the rate of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2Tangible fixed assets

	£
Cost
At 1 July 2014	9,065
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 June 2015	9,065
Depreciation
At 1 July 2014	8,473
Charge for the year	230
On disposals	-
At 30 June 2015	8,703
Net book values
At 30 June 2015	362
At 30 June 2014	592

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
1 Ordinary shares of £1 each	1	1