TempleReid Limited Small abridged accounts
TempleReid Limited Small abridged accounts
Statement of Consent to Prepare Abridged Financial Statements |
COMPANY REGISTRATION NUMBER:
08498456
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Abridged Financial Statements |
Year ended 30 April 2017
Contents |
Page |
Abridged statement of financial position |
1 |
Notes to the abridged financial statements |
3 |
The following pages do not form part of the abridged financial statements
Chartered accountant's report to the board of directors on the preparation of the unaudited statutory abridged financial statements |
7 |
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Abridged Statement of Financial Position |
2017 |
2016 |
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Note |
£ |
£ |
£ |
Fixed assets
Tangible assets |
4 |
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Current assets
Debtors |
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Cash at bank and in hand |
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-------- |
-------- |
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Creditors: amounts falling due within one year |
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-------- |
-------- |
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Net current assets |
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--------- |
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Total assets less current liabilities |
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--------- |
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Net assets |
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Capital and reserves
Called up share capital |
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Profit and loss account |
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--------- |
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Shareholders funds |
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In accordance with section 444 of the Companies Act 2006, the abridged statement of comprehensive income has not been delivered.
Directors' responsibilities:
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The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476
;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements
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Abridged Statement of Financial Position (continued) |
These abridged financial statements were approved by the
board of directors
and authorised for issue on
15 January 2018
, and are signed on behalf of the board by:
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Director |
Company registration number:
08498456
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Notes to the Abridged Financial Statements |
Year ended 30 April 2017
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 1 George Street, Snow Hill, Wolverhampton, WV2 4DG.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Transition to FRS 102
The entity transitioned from previous UK GAAP to FRS 102 as at 1 May 2015. Details of how FRS 102 has affected the reported financial position and financial performance is given in note 7.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Income tax
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment |
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Impairment of fixed assets
Financial instruments
4.
Tangible assets
£ |
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Cost |
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At 1 May 2016 and 30 April 2017 |
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Depreciation |
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At 1 May 2016 |
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Charge for the year |
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At 30 April 2017 |
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--------- |
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Carrying amount |
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At 30 April 2017 |
119,391 |
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At 30 April 2016 |
119,411 |
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5.
Financial instruments at fair value
Financial instruments such as trade debtors, cash and trade creditors arise from the company's operations.
6.
Related party transactions
The company was under the control of D R and J S Temple as directors and joint majority shareholders throughout the current and previous year. No transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standards.
7.
Transition to FRS 102
These are the first abridged financial statements that comply with FRS 102. The company transitioned to FRS 102 on 1 May 2015.
No transitional adjustments were required in equity or profit or loss for the year.
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Management Information |
Year ended 30 April 2017
The following pages do not form part of the abridged financial statements.
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Chartered Accountant's Report to the Board of Directors on the Preparation of the Unaudited Statutory Abridged Financial Statements of
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Year ended 30 April 2017
1 George Street
Snow Hill
Wolverhampton
WV2 4DG