Abbreviated Company Accounts - T.A.S.O LTD

08581655 T.A.S.O LTD 2015-10-31 false 2014-11-01 2015-10-31 true 08581655 2014-11-01 2015-10-31 08581655 2015-10-31 08581655 2014-10-31 08581655 uk-gaap-cd-bus:Director1 2014-11-01 2015-10-31 08581655 uk-gaap-cd-bus:Director2 2014-11-01 2015-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-11-01 2015-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-10-31 iso4217:GBP shares

Registered Number 08581655

T.A.S.O LTD

Abbreviated Accounts

31 October 2015

T.A.S.O LTD Registered Number 08581655

Abbreviated Balance Sheet as at 31 October 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	4,296	5,728
		4,296	5,728
Current assets
Cash at bank and in hand		638	784
		638	784
Creditors: amounts falling due within one year	3	(981)	(739)
Net current assets (liabilities)		(343)	45
Total assets less current liabilities		3,953	5,773
Creditors: amounts falling due after more than one year	3	(1,923)	(3,083)
Total net assets (liabilities)		2,030	2,690
Capital and reserves
Called up share capital	4	100	100
Profit and loss account		1,930	2,590
Shareholders' funds		2,030	2,690

For the year ending 31 October 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 30 June 2016

And signed on their behalf by:
S O Oludairo, Director

T.A.S.O LTD Registered Number 08581655

Notes to the Abbreviated Accounts for the period ended 31 October 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 comprises the invoiced value of services provided by the company, net of Value Added Tax and trade discounts.

Tangible assets depreciation policy
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:
Plant and Machinery 20% Straight Line
Motor Car 20% Straight Line
Furniture and Fittings 20% Straight Line
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 those properties.

2Tangible fixed assets

	£
Cost
At 1 November 2014	7,160
Additions	0
Disposals	-
Revaluations	-
Transfers	-
At 31 October 2015	7,160
Depreciation
At 1 November 2014	1,432
Charge for the year	1,432
On disposals	-
At 31 October 2015	2,864
Net book values
At 31 October 2015	4,296
At 31 October 2014	5,728

3Creditors

	2015 £	2014 £
Secured Debts	2,904	3,822

4Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
100 Ordinary shares of £1 each	100	100