Abbreviated Company Accounts - TG DESIGNER HOMES LIMITED

TG DESIGNER HOMES LIMITED - Company Information

05495474 TG DESIGNER HOMES LIMITED 2016-06-30 false 2015-07-01 2016-06-30 true 05495474 2015-07-01 2016-06-30 05495474 2016-06-30 05495474 2015-06-30 05495474 uk-gaap-cd-bus:Director1 2015-07-01 2016-06-30 05495474 uk-gaap-cd-bus:Director2 2015-07-01 2016-06-30 uk-gaap-cd-bus:Director3 2015-07-01 2016-06-30 uk-gaap-cd-bus:Director3 2016-06-30 uk-gaap-cd-bus:Director3 2015-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-07-01 2016-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2016-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-06-30 iso4217:GBP shares

Registered Number 05495474

TG DESIGNER HOMES LIMITED

Abbreviated Accounts

30 June 2016

TG DESIGNER HOMES LIMITED Registered Number 05495474

Abbreviated Balance Sheet as at 30 June 2016

	Notes	2016	2015
		£	£
Current assets
Stocks		600,760	119,324
Debtors		37,528	200,816
Cash at bank and in hand		230,671	71,487
		868,959	391,627
Creditors: amounts falling due within one year	2	(711,888)	(295,704)
Net current assets (liabilities)		157,071	95,923
Total assets less current liabilities		157,071	95,923
Total net assets (liabilities)		157,071	95,923
Capital and reserves
Called up share capital	3	1	1
Profit and loss account		157,070	95,922
Shareholders' funds		157,071	95,923

For the year ending 30 June 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 24 March 2017

And signed on their behalf by:
Mrs T Ralph, Director
Mr A S Ralph, Director

TG DESIGNER HOMES LIMITED Registered Number 05495474

Notes to the Abbreviated Accounts for the period ended 30 June 2016

1Accounting Policies

Basis of measurement and preparation of accounts
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 policy
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

Other accounting policies
Work in progress

Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

2Creditors

	2016 £	2015 £
Secured Debts	371,639	-

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
1 Ordinary share of £1 each	1	1

ULTIMATE PARENT COMPANY

The parent company is T G Corporate Limited who holds 100% of the company's share capital.

4Transactions with directors

Name of director receiving advance or credit:	Mr A S and Mrs T Ralph
Description of the transaction:	Advances
Balance at 1 July 2015:	£ 185,807
Advances or credits made:	£ 13,917
Advances or credits repaid:	£ 199,724
Balance at 30 June 2016:	£ 0

During the year, the company advanced £9,293, were repaid £199,724 and charged interest of £4,624 to Mr A and Mrs T Ralph. At the year end, Mr A and Mrs T Ralph jointly owed the company £nil (2015: company owed £185,807).

At the year end, the company owed £97,322 to T G Corporate Limited (2015: £44,070).