Trail Perfection Limited - Period Ending 2015-05-31

Registration number: SC400471

Trail Perfection Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 May 2015
 

Deans Accountants And Business Advisors Ltd
Chartered Accountants and Business Advisors
27 North Bridge Street
Hawick
Borders
TD9 9BD

Trail Perfection Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2

Trail Perfection Limited
(Registration number: SC400471)
at 31 May 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets					4,583			6,167
Creditors: Amounts falling due within one year					(3,673)			(20,121)
Net assets/(liabilities)					910			(13,954)
Capital and reserves
Called up share capital		3			1			1
Profit and loss account					909			(13,955)
Shareholders' funds/(deficit)					910			(13,954)

For the year ending 31 May 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 director acknowledges his 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 director on 28 January 2016

.........................................
Mr Scott Arden Gourlay
Director

The notes on page 2 form an integral part of these financial statements.
Page 1

Trail Perfection Limited
Notes to the Abbreviated Accounts for the Year Ended 31 May 2015

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Motor vehicles	20% straight line
Equipment and fixtures	20% straight line

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 June 2014		8,920			8,920
At 31 May 2015		8,920			8,920
Depreciation
At 1 June 2014		2,753			2,753
Charge for the year		1,584			1,584
At 31 May 2015		4,337			4,337
Net book value
At 31 May 2015		4,583			4,583
At 31 May 2014		6,167			6,167

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary shares of £1 each		1			1			1			1

Page 2