TM Contractors Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 06223807 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2016

FOR

TM CONTRACTORS LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

T L Souza

REGISTERED OFFICE:

Suite 011

Howard Way

Interchange Park

Newport Pagnell

Buckinghamshire

MK16 9PY

REGISTERED NUMBER:

06223807 (England and Wales)

ACCOUNTANTS:

Venitt and Greaves

Chartered Accountants

115 Craven Park Road

South Tottenham

London

N15 6BL

FIXED ASSETS

Tangible assets

2

11,754

6,316

CURRENT ASSETS

Stocks

150,219

145,943

Debtors

209,204

290,064

Cash at bank

-

4,331

359,423

440,338

CREDITORS

Amounts falling due within one year

364,119

435,899

NET CURRENT (LIABILITIES)/ASSETS

(4,696

)

4,439

TOTAL ASSETS LESS CURRENT
LIABILITIES

7,058

10,755

CREDITORS

Amounts falling due after more than one
year

-

3,236

NET ASSETS

7,058

7,519

CAPITAL AND RESERVES

Called up share capital

3

1

Profit and loss account

7,057

7,518

SHAREHOLDERS' FUNDS

7,058

7,519

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 27 January 2017 and were signed by:

T L Souza - 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 services, 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

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

Stocks

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.

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 1 May 2015

25,209

Additions

9,241

At 30 April 2016

34,450

DEPRECIATION

At 1 May 2015

18,893

Charge for year

3,803

At 30 April 2016

22,696

NET BOOK VALUE

At 30 April 2016

11,754

At 30 April 2015

6,316

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.16

30.4.15

value:

£

1

Ordinary

£1

1