Team Decorating Company Limited Accounts

TEAM DECORATING COMPANY LIMITED - Company Information






Team Decorating Company Limited
	Company No. 04384286
		Abbreviated Accounts
		29 February 2016

at	29 February 2016

Company No.		04384286	Notes	2016	2015
				£	£
Fixed assets

	Tangible assets		2	182	699

				182	699
Current assets
	Stocks			14,201	14,570
	Debtors			52,738	40,145

	Cash at bank and in hand			12,752	19,618
				79,691	74,333
Creditors: Amounts falling due within one year				(79,625)	(74,351)
Net current assets/(liabilities)				66	(18)
Total assets less current liabilities				248	681




Net assets				248	681

Capital and reserves
	Called up share capital		3	4	2



	Profit and loss account			244	679

Shareholder's funds				248	681

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in part 15 of the Companies Act 2006 and with the Financial Reporting Standard for Smaller Entities (effective January 2015).

For the year ended 29 February 2016 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
Approved by the board on 25 November 2016

And signed on its behalf by:

N.K. Millington
Director
25 November 2016

for the year ended 29 February 2016

Accounting policies

Basis of preparation

The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) ["the FRSSE"].

Turnover

Turnover represents the amounts (excluding value added tax) derived from the provision of goods and services to customers.

Tangible fixed assets and depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Plant and machinery

25% on cost

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.

Foreign currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date.
Transactions in foreign currencies are recorded in sterling using the exchange rate ruling at the date of the transaction.
Exchange differences are are taken into account in arriving at the operating profit.

2	Fixed assets
		Tangible fixed assets	Total
		£	£
	Cost or revaluation
	At 1 March 2015	22,782	22,782




	At 29 February 2016	22,782	22,782
	Amortisation
	At 1 March 2015	22,083	22,083
	Charge for the year	517	517



	At 29 February 2016	22,600	22,600
	Net book values
	At 29 February 2016	182	182
	At 28 February 2015	699	699

3	Share Capital
		Nominal value	2016	2016	2015
		£	Number	£	£
	Allotted, called up and fully paid:
	Ordinary A	1.00	2	2	1
	Ordinary B	1.00	2	2	1



				4	2

		Nominal value	2016	2016
		£	Number	£
	Shares issued during the period:
	Ordinary A	1.00	1	1
	Ordinary B	1.00	1	1



				2

	Shares were issued during the year to increase the issued share capital