2014-08-01
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Private Limited Company
06344975
2015-07-31
06344975
2014-08-01
2015-07-31
06344975
2014-07-31
06344975
2013-08-01
2014-07-31
06344975
uk-bus:Director1
2014-08-01
2015-07-31
06344975
uk-gaap:Buildings
2014-08-01
2015-07-31
06344975
uk-gaap:PlantMachinery
2014-08-01
2015-07-31
06344975
uk-gaap:ComputerEquipment
2014-08-01
2015-07-31
06344975
uk-gaap:FixturesFittings
2014-08-01
2015-07-31
06344975
uk-gaap:WithinOneYear
2015-07-31
06344975
uk-gaap:WithinOneYear
2014-07-31
06344975
uk-gaap:AfterOneYear
2015-07-31
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uk-gaap:AfterOneYear
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uk-bus:OrdinaryShareClass1
2015-07-31
iso4217:GBP
For the year ended 31 July 2015
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 06344975
2
Tic Trading Limited
For the year ended 31 July 2015
1
Balance Sheet
2 to 4
Notes to the Abbreviated Financial Statements
3
| Abbreviated Balance Sheet |
Tic Trading Limited
2015
2014
2
13,330
11,515
3
158,282
80,174
171,612
91,689
65,738
112,980
4
4,623
33,526
609
2,194
147,115
72,555
| Creditors: amounts falling due within one year |
5
(86,408)
(202,275)
(13,853)
(55,160)
Net current liabilities
| Total assets less current liabilities |
116,452
77,836
| Creditors: amounts falling due after more than one year |
6
(33,471)
(91,760)
24,692
Net assets
44,365
100
7
100
34,970
34,970
-
41,362
(51,740)
9,295
24,692
44,365
Shareholders funds
| For the year ended 31 July 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. |
| Director responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; |
| 2) 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. |
| Date approved by the board: 09 March 2016 |
| Signed on behalf of the board of directors |
1 of 4
4
| Notes to the Abbreviated Financial Statements |
For the year ended 31 July 2015
Tic Trading Limited
| The financial statements are prepared under the historical cost convention, as modified by the revaluation of certain fixed assets, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). |
| Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
| Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred. |
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Planning and operating costs for the company's website are charged to the profit and loss account as incurred.
| Proposed dividends are only included as liabilities in the financial statements when their payment has been approved |
| by the shareholders prior to the balance sheet date. |
| Licences and patents are stated at cost less amortisation. Amortisation of licences is calculated on a straight line |
| basis over the life of the licence. Amortisation of patents is calculated on a straight line basis over the estimated |
| expected useful economic life of the patents of 0 years. |
| Computer software development costs |
| Development costs of computer software are capitalised once a detailed program design has been established and |
| are amortised on a straight line basis over 3 years. |
| Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Land and Buildings
Plant and Machinery
2 of 4
5
| Notes to the Abbreviated Financial Statements |
For the year ended 31 July 2015
Tic Trading Limited
Computer Equipment
Fixtures and Fittings
| The company's freehold properties were professionally valued in . This valuation has been reduced by subsequent |
| depreciation. Under the transitional provisions of the Financial Reporting Standard for Smaller Entities (effective April |
| 2008) the properties continue to be stated at that valuation less accumulated depreciation to date and that valuation |
| has not been updated. |
| The company's freehold properties are revalued in full every five years. Interim valuations are carried out when it is |
| likely that there has been a material change in value. |
| No depreciation is provided on the company's freehold properties since in the opinion of the directors the expected |
| useful lives are sufficiently long and the estimated residual values are sufficiently high that any such depreciation |
| would be immaterial. The directors undertake an annual impairment review of these properties. |
| Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. |
| 2 Intangible fixed assets |
39,434
8,552
47,986
27,919
6,737
Charge for year
34,656
13,330
11,515
3 of 4
6
| Notes to the Abbreviated Financial Statements |
For the year ended 31 July 2015
Tic Trading Limited
84,291
37,911
41,361
163,563
4,117
1,164
Charge for year
5,281
158,282
80,174
| Debtors include an amount of £4612 (2014: £0) falling due after more than one year |
2015
| 5 Creditors: amounts falling due within one year |
2014
6,171
3,491
Bank loans and overdrafts (secured)
2014
2015
| 6 Creditors due after more than one year |
57,492
31,921
Bank loans and overdrafts (secured)
34,268
1,550
91,760
33,471
| Allotted called up and fully paid |
2015
2014
| 100 Class A shares of £1.00 each |
100
100
100
100
4 of 4
