Tyne Tees Crushing & Screening Limited - Abbreviated accounts 16.1
Tyne Tees Crushing & Screening Limited - Abbreviated accounts 16.1
DRAFT |
REGISTERED NUMBER: |
Abbreviated Accounts |
for the Year Ended 31 May 2016 |
for |
Tyne Tees Crushing & Screening Limited |
Tyne Tees Crushing & Screening Limited (Registered number: 05419806) |
Contents of the Abbreviated Accounts |
for the Year Ended 31 May 2016 |
DRAFT |
Page |
Company Information | 1 |
Abbreviated Balance Sheet | 2 |
Notes to the Abbreviated Accounts | 4 |
Tyne Tees Crushing & Screening Limited |
Company Information |
for the Year Ended 31 May 2016 |
DRAFT |
DIRECTOR: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Tyne Tees Crushing & Screening Limited (Registered number: 05419806) |
Abbreviated Balance Sheet |
31 May 2016 |
2016 | 2015 |
Notes | £ | £ | £ | £ |
DRAFT |
FIXED ASSETS |
Tangible assets | 2 |
CURRENT ASSETS |
Stocks |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 3 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year | 3 | ( |
) | ( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
ACCRUALS AND DEFERRED INCOME | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 4 |
Profit and loss account |
SHAREHOLDERS' FUNDS |
The director acknowledges his responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
Tyne Tees Crushing & Screening Limited (Registered number: 05419806) |
Abbreviated Balance Sheet - continued |
31 May 2016 |
DRAFT |
The financial statements were approved by the director on |
Tyne Tees Crushing & Screening Limited (Registered number: 05419806) |
Notes to the Abbreviated Accounts |
for the Year Ended 31 May 2016 |
DRAFT |
1. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The financial statements are prepared on the going concern basis which assumes that the company will continue to trade. |
However, the validity of the going concern basis is dependent upon the continued support of the director. If the company is |
unable to continue to trade, adjustments would be required to reduce the value of assets to their recoverable amounts, to |
provide for any further liabilities that might arise and to analyse both fixed assets and long term liabilities as current assets |
and liabilities. |
Accounting convention |
The financial statements have been prepared under the historical cost convention and in accordance with the Financial |
Reporting Standard for Smaller Entities (effective January 2015). |
Turnover |
Turnover represents net invoiced sales of goods and services, excluding value added tax. |
Tangible fixed assets |
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held |
under finance lease, over the lease term, whichever is the shorter. |
Plant and machinery - 10% on cost |
Fixtures and fittings - 25% on cost and 15% on cost |
Motor vehicles - 25% on cost |
Stocks |
Stock is valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving |
items. |
Work in progress is valued at a percentage of total contract income based on an estimate of the stage of completion of the |
contract at the year end. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
Hire purchase and leasing commitments |
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire |
purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over |
their estimated useful lives or the lease term, whichever is the shorter. |
The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital |
element of the future payments is treated as a liability. |
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the |
lease. |
Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are |
charged to the profit and loss account in the period to which they relate. |
Grants are credited to deferred revenue. Grants towards capital expenditure are released to the profit and loss account over |
the expected useful life of the assets. Grants towards revenue expenditure are released to the profit and loss account as the |
related expenditure is incurred. |
Tyne Tees Crushing & Screening Limited (Registered number: 05419806) |
Notes to the Abbreviated Accounts - continued |
for the Year Ended 31 May 2016 |
1. | ACCOUNTING POLICIES - continued |
DRAFT |
The invoice financing creditor represents amounts received in respect of financed debts. There is full recourse to the |
company for losses on debts, and so the financed debts continue to be recognised on the balance sheet. Interest and other |
charges relating to invoice financing are recognised in the profit and loss account over the relevant period. |
2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 June 2015 |
Additions |
Disposals | ( |
) |
At 31 May 2016 |
DEPRECIATION |
At 1 June 2015 |
Charge for year |
Eliminated on disposal | ( |
) |
At 31 May 2016 |
NET BOOK VALUE |
At 31 May 2016 |
At 31 May 2015 |
3. | CREDITORS |
Creditors include an amount of £ |
4. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2016 | 2015 |
value: | £ | £ |
Ordinary | £1 |
5. | ULTIMATE PARENT COMPANY |