Abbreviated Company Accounts - TAYLOR LONG 2008 LIMITED

TAYLOR LONG 2008 LIMITED - Company Information

06514705 TAYLOR LONG 2008 LIMITED 2016-03-31 false 2015-04-01 2016-03-31 true 06514705 2015-04-01 2016-03-31 06514705 2016-03-31 06514705 2015-03-31 06514705 uk-gaap-cd-bus:Director1 2015-04-01 2016-03-31 06514705 uk-gaap-cd-bus:Director2 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 iso4217:GBP shares

Registered Number 06514705

TAYLOR LONG 2008 LIMITED

Abbreviated Accounts

31 March 2016

TAYLOR LONG 2008 LIMITED Registered Number 06514705

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Intangible assets	2	7,200	10,800
Tangible assets	3	536	714
		7,736	11,514
Current assets
Stocks		9,480	7,480
Debtors		49,077	56,763
Cash at bank and in hand		1,663	2,656
		60,220	66,899
Creditors: amounts falling due within one year		(65,550)	(75,443)
Net current assets (liabilities)		(5,330)	(8,544)
Total assets less current liabilities		2,406	2,970
Total net assets (liabilities)		2,406	2,970
Capital and reserves
Called up share capital	4	100	100
Profit and loss account		2,306	2,870
Shareholders' funds		2,406	2,970

For the year ending 31 March 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 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 31 December 2016

And signed on their behalf by:
P.E. Taylor, Director

TAYLOR LONG 2008 LIMITED Registered Number 06514705

Notes to the Abbreviated Accounts for the period ended 31 March 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents net invoiced sales of services excluding VAT.

Tangible assets depreciation policy
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 reducing balance.

Intangible assets amortisation policy
Goodwill being the amount paid in connection with the acquisition of a business in 2008 is being amortised evenly over its estimated useful life of ten years.
Goodwill being the amount paid in connection with the acquisition of a business in 2012 has been amortised in full in the year of acquisition.

Valuation information and policy
Work in progress is valued at the lower of cost and net realisable value.
Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

2Intangible fixed assets

	£
Cost
At 1 April 2015	43,500
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	43,500
Amortisation
At 1 April 2015	32,700
Charge for the year	3,600
On disposals	-
At 31 March 2016	36,300
Net book values
At 31 March 2016	7,200
At 31 March 2015	10,800

3Tangible fixed assets

	£
Cost
At 1 April 2015	2,631
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	2,631
Depreciation
At 1 April 2015	1,917
Charge for the year	178
On disposals	-
At 31 March 2016	2,095
Net book values
At 31 March 2016	536
At 31 March 2015	714

4Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
100 Ordinary shares of £1 each	100	100