Abbreviated Company Accounts - T K S TRADE SOURCING COMPANY LIMITED

Abbreviated Company Accounts - T K S TRADE SOURCING COMPANY LIMITED


Registered Number 02823497

T K S TRADE SOURCING COMPANY LIMITED

Abbreviated Accounts

30 June 2015

T K S TRADE SOURCING COMPANY LIMITED Registered Number 02823497

Abbreviated Balance Sheet as at 30 June 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 19,198 24,911
19,198 24,911
Current assets
Stocks 40,806 35,457
Debtors 61,716 68,931
Cash at bank and in hand 4,481 5,011
107,003 109,399
Creditors: amounts falling due within one year 3 (89,442) (89,019)
Net current assets (liabilities) 17,561 20,380
Total assets less current liabilities 36,759 45,291
Creditors: amounts falling due after more than one year 3 (31,817) (42,821)
Total net assets (liabilities) 4,942 2,470
Capital and reserves
Called up share capital 4 2 2
Profit and loss account 4,940 2,468
Shareholders' funds 4,942 2,470
  • For the year ending 30 June 2015 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 19 August 2015

And signed on their behalf by:
Mr Colin Dixon, Director
Mrs Tina Dixon, Director

T K S TRADE SOURCING COMPANY LIMITED Registered Number 02823497

Notes to the Abbreviated Accounts for the period ended 30 June 2015

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 amounts receivable for goods and services net of VAT 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 less estimated residual value of each asset over its expected useful life, as follows:
Fixtures, fittings & equipment - 25% reducing balance per annum.
Motor vehicles - 25% reducing balance per annum.

Other accounting policies
Compliance with accounting standards:
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

2Tangible fixed assets
£
Cost
At 1 July 2014 56,121
Additions 688
Disposals -
Revaluations -
Transfers -
At 30 June 2015 56,809
Depreciation
At 1 July 2014 31,210
Charge for the year 6,401
On disposals -
At 30 June 2015 37,611
Net book values
At 30 June 2015 19,198
At 30 June 2014 24,911
3Creditors
2015
£
2014
£
Instalment debts due after 5 years 1,576 7,704
4Called Up Share Capital
Allotted, called up and fully paid:
2015
£
2014
£
2 Ordinary shares of £1 each 2 2