Taylormade Mats Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 08905248 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 29th February 2016

for

Taylormade Mats Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

I Kinnear

P Kinnear

REGISTERED OFFICE:

Adelphi Chambers

30 Hoghton Street

Southport

Merseyside

PR9 0NZ

REGISTERED NUMBER:

08905248 (England and Wales)

ACCOUNTANTS:

Hadley & Co

Chartered Accountants

Adelphi Chambers

30 Hoghton Street

Southport

PR9 0NZ

FIXED ASSETS

Tangible assets

2

1,739

775

CURRENT ASSETS

Stocks

4,800

700

Debtors

2,928

4,964

Cash at bank

6,747

865

14,475

6,529

CREDITORS

Amounts falling due within one year

14,558

7,160

NET CURRENT LIABILITIES

(83

)

(631

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,656

144

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

1,556

44

SHAREHOLDERS' FUNDS

1,656

144

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29th February 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 29th February 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 22nd November 2016 and were signed
on its behalf by:

I Kinnear - Director

1.	ACCOUNTING POLICIES

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, 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.

Plant and machinery

-

15% on reducing balance

Stocks

Stocks and work in progress 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 expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st March 2015

912

Additions

1,200

At 29th February 2016

2,112

DEPRECIATION

At 1st March 2015

137

Charge for year

236

At 29th February 2016

373

NET BOOK VALUE

At 29th February 2016

1,739

At 28th February 2015

775

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

29.2.16

28.2.15

value:

£

100

Ordinary

£1

100