T M Wind Energy Limited Small abbreviated accounts

T M Wind Energy Limited Small abbreviated accounts

T M WIND ENERGY LIMITED - Company Information

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FY Private Limited Company Company accounts 2016-10-26 2016-10-26 false true false false false false false false false false false false true true 2015-04-01 true xbrli:pure xbrli:shares iso4217:GBP NI624834 2015-04-01 2016-03-31 NI624834 2016-03-31 NI624834 2015-03-31 NI624834 2015-03-31 NI624834 uk-gaap:PlantMachinery 2015-04-01 2016-03-31 NI624834 uk-bus:EntityAccountantsOrAuditors uk-bus:PrincipalAgent 2015-04-01 2016-03-31 NI624834 uk-bus:OrdinaryShareClass1 2015-04-01 2016-03-31 NI624834 uk-bus:Director1 2015-04-01 2016-03-31 NI624834 uk-gaap:AllSubsidiaries 2015-04-01 2016-03-31 NI624834 uk-bus:OrdinaryShareClass1 2016-03-31 NI624834 uk-bus:OrdinaryShareClass1 2015-03-31 NI624834 uk-lang:English 2015-04-01 2016-03-31 NI624834 uk-curr:PoundSterling 2015-04-01 2016-03-31
COMPANY REGISTRATION NUMBER NI624834
T M WIND ENERGY LIMITED
UNAUDITED ABBREVIATED ACCOUNTS
31 March 2016
T M WIND ENERGY LIMITED
INDEPENDENT ACCOUNTANTS' REPORT TO THE DIRECTOR OF T M
WIND ENERGY LIMITED
YEAR ENDED 31 MARCH 2016
In accordance with our terms of engagement, and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company which comprise the Balance Sheet and the related notes from the accounting records and information and explanations you have given to us.
This report is made to the Company's Director, in accordance with the terms of our engagement. Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the Company's Director that we have done so, and state those matters that we have agreed to state to him in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's Director, for our work or for this report.
We have carried out this engagement in accordance with technical guidance issued by the Institute of Chartered Accountants in Ireland and have complied with the ethical guidance laid down by the Institute relating to members undertaking the compilation of financial statements.
You have acknowledged on the balance sheet as at 31 March 2016 your duty to ensure that the company has kept adequate accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.
We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
BMK ACCOUNTING LIMITED Chartered Accountants
43 Lockview Road Stranmillis Belfast BT9 5FJ
21 October 2016
T M WIND ENERGY LIMITED
ABBREVIATED BALANCE SHEET
31 March 2016
2016
2015
Note
£
£
£
FIXED ASSETS
2
Tangible assets
181,352
113,136
----------
----------
CURRENT ASSETS
Debtors
10,306
1,757
Cash at bank and in hand
13,518
13,595
---------
---------
23,824
15,352
CREDITORS: Amounts falling due within one year
226,046
140,192
----------
----------
NET CURRENT LIABILITIES
( 202,222)
( 124,840)
----------
----------
TOTAL ASSETS LESS CURRENT LIABILITIES
( 20,870)
( 11,704)
----------
----------
CAPITAL AND RESERVES
Called up equity share capital
3
4
4
Profit and loss account
( 20,874)
( 11,708)
---------
---------
DEFICIT
( 20,870)
( 11,704)
---------
---------
For the year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These abbreviated accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime.
These abbreviated accounts were approved and signed by the director and authorised for issue on 20 October 2016 .
Terry Grant Director
Company Registration Number: NI624834
T M WIND ENERGY LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
YEAR ENDED 31 MARCH 2016
1. ACCOUNTING POLICIES
Basis of accounting
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
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.
Fixed assets
All fixed assets are initially recorded at cost.
Depreciation
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Plant & Machinery-10% Reducing balance
Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.
2. FIXED ASSETS
Tangible Assets
£
COST
At 1 April 2015
123,563
Additions
88,366
----------
At 31 March 2016
211,929
----------
DEPRECIATION
At 1 April 2015
10,427
Charge for year
20,150
---------
At 31 March 2016
30,577
---------
NET BOOK VALUE
At 31 March 2016
181,352
----------
At 31 March 2015
113,136
----------
3. SHARE CAPITAL
Allotted, called up and fully paid:
2016
2015
No.
£
No.
£
Ordinary shares of £ 1 each
4
4
4
4
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