Abbreviated Company Accounts - TG FALCONRY LTD
Abbreviated Company Accounts - TG FALCONRY LTD
Registered Number 07832188
TG FALCONRY LTD
Abbreviated Accounts
31 October 2013
TG FALCONRY LTD Registered Number 07832188
Abbreviated Balance Sheet as at 31 October 2013
Notes | 2013 | 2012 | |
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£ | £ | ||
Fixed assets | |||
Intangible assets | 2 |
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Tangible assets | 3 |
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Current assets | |||
Stocks |
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Debtors |
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Creditors: amounts falling due within one year |
( |
( |
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Net current assets (liabilities) |
( |
( |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
( |
( |
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Provisions for liabilities |
( |
( |
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Total net assets (liabilities) |
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Capital and reserves | |||
Called up share capital | 4 |
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Profit and loss account |
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Shareholders' funds |
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For the year ending 31 October 2013 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
And signed on their behalf by:
TG FALCONRY LTD Registered Number 07832188
Notes to the Abbreviated Accounts for the period ended 31 October 2013
1Accounting Policies
Basis of measurement and preparation of accounts
Turnover policy
Tangible assets depreciation policy
Plant and Machinery 25% reducing balance
Motor Vehicles 25% reducing balance
Valuation information and policy
Other accounting policies
Full Provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.
Leasing and hire purchase commitments
Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability.
The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.
Rentals paid under operating leases are charged to income on a straight line basis over the lease term.
£ | |
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Cost | |
At 1 November 2012 |
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Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 31 October 2013 |
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Amortisation | |
At 1 November 2012 |
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Charge for the year |
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On disposals |
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At 31 October 2013 |
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Net book values | |
At 31 October 2013 | 6,335 |
At 31 October 2012 | 8,447 |
£ | |
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Cost | |
At 1 November 2012 |
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Additions |
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Disposals |
( |
Revaluations |
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Transfers |
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At 31 October 2013 |
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Depreciation | |
At 1 November 2012 |
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Charge for the year |
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On disposals |
( |
At 31 October 2013 |
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Net book values | |
At 31 October 2013 | 33,397 |
At 31 October 2012 | 24,126 |