Abbreviated Company Accounts - ALAN TYNDALL LIMITED

ALAN TYNDALL LIMITED - Company Information

Registered Number 01860713

ALAN TYNDALL LIMITED

Abbreviated Accounts

28 February 2014

ALAN TYNDALL LIMITED Registered Number 01860713

Abbreviated Balance Sheet as at 28 February 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	142,288	233,822
		142,288	233,822
Current assets
Stocks		820,095	802,726
Debtors	3	295,000	295,000
Cash at bank and in hand		13,694	12,283
		1,128,789	1,110,009
Prepayments and accrued income		64,305	55,149
Creditors: amounts falling due within one year		(513,898)	(577,744)
Net current assets (liabilities)		679,196	587,414
Total assets less current liabilities		821,484	821,236
Creditors: amounts falling due after more than one year		(5,094)	-
Total net assets (liabilities)		816,390	821,236
Capital and reserves
Called up share capital		100	100
Profit and loss account		816,290	821,136
Shareholders' funds		816,390	821,236

For the year ending 28 February 2014 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 26 November 2014

And signed on their behalf by:
A H Tyndall, Director

ALAN TYNDALL LIMITED Registered Number 01860713

Notes to the Abbreviated Accounts for the period ended 28 February 2014

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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation
Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Land and buildings - 2% per annum of cost
Plant and Machinery - 25% per annum of reducing balance
Fixtures and Fittings - 25% per annum of reducing balance
Motor Vehicles - 25% per annum of reducing balance

Valuation information and policy
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving stocks.

2Tangible fixed assets

	£
Cost
At 1 March 2013	520,158
Additions	10,974
Disposals	(92,139)
Revaluations	-
Transfers	-
At 28 February 2014	438,993
Depreciation
At 1 March 2013	286,336
Charge for the year	15,153
On disposals	(4,784)
At 28 February 2014	296,705
Net book values
At 28 February 2014	142,288
At 28 February 2013	233,822

3Debtors

A loan of £295,000 (2013 -£295,000) is due from Rooksmoor Mills Ltd, a company in which Alan Tyndall is a director and shareholder. Interest is due on the loan on normal commercial terms.