Timpton Limited - Period Ending 2015-08-31

Registration number: 07372726

Timpton Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 August 2015
 

Thompson Jenner LLP
Chartered Accountants
28 Alexandra Terrace
Exmouth
Devon
EX8 1BD

Timpton Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Timpton Limited
(Registration number: 07372726)
Abbreviated Balance Sheet at 31 August 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets					358,626			358,626
Current assets
Debtors					3,400			2,250
Cash at bank and in hand					25,636			13,045
					29,036			15,295
Creditors: Amounts falling due within one year					(34,789)			(23,619)
Net current liabilities					(5,753)			(8,324)
Total assets less current liabilities					352,873			350,302
Creditors: Amounts falling due after more than one year					(279,223)			(298,427)
Net assets					73,650			51,875
Capital and reserves
Called up share capital		4			90			90
Profit and loss account					73,560			51,785
Shareholders' funds					73,650			51,875

For the year ending 31 August 2015 the company was entitled to exemption from audit 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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

Approved by the Board on 27 May 2016 and signed on its behalf by:

Mr S J Retter
 Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Timpton Limited
Notes to the Abbreviated Accounts for the Year Ended 31 August 2015
......... continued

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
Freehold property	Not depreciated

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 September 2014		358,626			358,626
At 31 August 2015		358,626			358,626
Depreciation
At 31 August 2015		-			-
Net book value
At 31 August 2015		358,626			358,626
At 31 August 2014		358,626			358,626

Page 2

Timpton Limited
Notes to the Abbreviated Accounts for the Year Ended 31 August 2015
......... continued

3

Creditors

Creditors includes the following liabilities, on which security has been given by the company:

		2015 £			2014 £
Amounts falling due within one year		14,664			14,664
Amounts falling due after more than one year		138,114			152,781
Total secured creditors		152,778			167,445

Included in the creditors are the following amounts due after more than five years:

		2015 £			2014 £
After more than five years by instalments		152,778			94,125

4	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary shares of £1 each		90			90			90			90

Page 3