TIMMY_ASSOCIATES_LIMITED - Accounts

TIMMY ASSOCIATES LIMITED - Company Information

Print Friendly Version

Company Registration No. 09579714 (England and Wales)

TIMMY ASSOCIATES LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MAY 2016

TIMMY ASSOCIATES LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

TIMMY ASSOCIATES LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MAY 2016

- 1 -

2016

Notes

Current assets

Debtors

164

Cash at bank and in hand

21,404

21,568

Creditors: amounts falling due within one year

(21,461)

Total assets less current liabilities

107

Capital and reserves

Called up share capital

100

Profit and loss account

Shareholders' funds

107

For the financial period ended 31 May 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 financial statements for the period in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 19 January 2017

Dr B S Kathuria

Director

Company Registration No. 09579714

TIMMY ASSOCIATES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE PERIOD ENDED 31 MAY 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

The director is not aware of any material uncertainties affecting the company and considers that the company will have sufficient resources to continue trading for the foreseeable future. As a result the director has adopted the going concern basis in preparing the financial statements.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for services provided. services provided.

Share capital

2016

Allotted, called up and fully paid

40 A ordinary shares of £1 each

40 B ordinary shares of £1 each

20 C ordinary shares of £1 each

100

Related party relationships and transactions

Loan from director

Transactions in relation to a loan from the director during the period are outlined in the table below:

Description

% Rate

Opening Balance

Amounts Advanced

Interest Charged

Amounts Repaid

Closing Balance

Dr B S Kathuria - Director's loan

16,014

100

15,914

16,014

100

15,914