TINSDILLS_LIMITED - Accounts

TINSDILLS LIMITED - Company Information

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Company Registration No. 04248692 (England and Wales)

TINSDILLS LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2016

TINSDILLS LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

TINSDILLS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 APRIL 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

215,203

Current assets

Debtors

1,559,956

276,037

Cash at bank and in hand

188,769

4,554

1,748,725

280,591

Creditors: amounts falling due within one year

(1,421,753)

(166,046)

Net current assets

326,972

114,545

Total assets less current liabilities

542,175

114,545

Creditors: amounts falling due after more than one year

(401,041)

141,134

114,545

Capital and reserves

Called up share capital

100

Profit and loss account

141,034

114,544

Shareholders' funds

141,134

114,545

For the financial year ended 30 April 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their 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 30 January 2017

Mr A T Cogan

Mr M W Roberts

Director

Company Registration No. 04248692

TINSDILLS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 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).

1.2

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.3

Goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Land and buildings Leasehold

No depreciation

Books and library

No depreciation

Computer equipment

25% per annum on cost

Fixtures, fittings and equipment

10% per annum on net book value

1.5

Leasing

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

1.6

Pensions

The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.

1.7

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes.

TINSDILLS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 APRIL 2016

- 3 -

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 May 2015

Additions

23,237

265,532

288,769

At 30 April 2016

23,237

265,532

288,769

Depreciation

At 1 May 2015

Charge for the period

23,237

50,329

73,566

At 30 April 2016

23,237

50,329

73,566

Net book value

At 30 April 2016

215,203

Creditors: amounts falling due within one year

The aggregate amount of creditors for which security has been given amounted to £459,419 (2015 - £0).

Share capital

2016

2015

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100

During the year 99 Ordinary shares of £1 each were allotted and fully paid at par for cash consideration to provide additional working capital.