Turley & Turley Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 04541486 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

FOR

TURLEY & TURLEY LIMITED

T/A

JOHN DAMIEN

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

D Turley

Mrs E Turley

SECRETARY:

D Turley

REGISTERED OFFICE:

Cambridge House

16 High Street

Saffron Walden

Essex

CB10 1AX

REGISTERED NUMBER:

04541486 (England and Wales)

ACCOUNTANTS:

Tayler Bradshaw

Cambridge House

16 High Street

Saffron Walden

Essex

CB10 1AX

FIXED ASSETS

Intangible assets

2

1

1

Tangible assets

3

4,776

4,057

4,777

4,058

CURRENT ASSETS

Debtors

13,835

12,910

Cash at bank

1,003

1,074

14,838

13,984

CREDITORS

Amounts falling due within one year

19,121

8,265

NET CURRENT (LIABILITIES)/ASSETS

(4,283

)

5,719

TOTAL ASSETS LESS CURRENT LIABILITIES

494

9,777

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

394

9,677

SHAREHOLDERS' FUNDS

494

9,777

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 22 December 2014 and were signed on its behalf by:

D Turley - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in

accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not

reversed at the balance sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

and 31 March 2014

7,995

AMORTISATION

At 1 April 2013

and 31 March 2014

7,994

NET BOOK VALUE

At 31 March 2014

1

At 31 March 2013

1

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

14,890

Additions

2,310

At 31 March 2014

17,200

DEPRECIATION

At 1 April 2013

10,833

Charge for year

1,591

At 31 March 2014

12,424

NET BOOK VALUE

At 31 March 2014

4,776

At 31 March 2013

4,057

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.14

31.3.13

value:

£

£

60

Ordinary 'A'

£1

60

60

40

Ordinary 'B'

£1

40

40

100

100