Abbreviated Company Accounts - TEAL SIGNS LIMITED

TEAL SIGNS LIMITED - Company Information

Registered Number 04516784

TEAL SIGNS LIMITED

Abbreviated Accounts

30 September 2014

TEAL SIGNS LIMITED Registered Number 04516784

Abbreviated Balance Sheet as at 30 September 2014

	Notes	2014	2013
		£	£
Fixed assets
Intangible assets	2	-	-
Tangible assets	3	7,003	6,723
		7,003	6,723
Current assets
Stocks		3,000	3,000
Debtors		18,611	21,802
Cash at bank and in hand		63,358	30,417
		84,969	55,219
Creditors: amounts falling due within one year		(91,070)	(60,672)
Net current assets (liabilities)		(6,101)	(5,453)
Total assets less current liabilities		902	1,270
Provisions for liabilities		(621)	(441)
Total net assets (liabilities)		281	829
Capital and reserves
Called up share capital		100	100
Profit and loss account		181	729
Shareholders' funds		281	829

For the year ending 30 September 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 27 October 2014

And signed on their behalf by:
A Teal, Director
L K Teal, Director

TEAL SIGNS LIMITED Registered Number 04516784

Notes to the Abbreviated Accounts for the period ended 30 September 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 represents the net invoiced sales of goods, excluding value added tax

Tangible assets depreciation policy
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
Fixtures and Fittings - 15% on reducing balance
Motor Vehicles - 25% on reducing balance
Computer Equipment - 33% on cost

2Intangible fixed assets

	£
Cost
At 1 October 2013	30,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 September 2014	30,000
Amortisation
At 1 October 2013	30,000
Charge for the year	-
On disposals	-
At 30 September 2014	30,000
Net book values
At 30 September 2014	0
At 30 September 2013	0

3Tangible fixed assets

	£
Cost
At 1 October 2013	19,376
Additions	2,447
Disposals	-
Revaluations	-
Transfers	-
At 30 September 2014	21,823
Depreciation
At 1 October 2013	12,653
Charge for the year	2,167
On disposals	-
At 30 September 2014	14,820
Net book values
At 30 September 2014	7,003
At 30 September 2013	6,723