Abbreviated Company Accounts - T K S TRADE SOURCING COMPANY LIMITED

T K S TRADE SOURCING COMPANY LIMITED - Company Information

02823497 T K S TRADE SOURCING COMPANY LIMITED 2014-06-30 false 2013-07-01 2014-06-30 true 02823497 2013-07-01 2014-06-30 02823497 2014-06-30 02823497 2013-06-30 02823497 uk-gaap-cd-bus:Director1 2013-07-01 2014-06-30 02823497 uk-gaap-cd-bus:Director2 2013-07-01 2014-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-07-01 2014-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-06-30 iso4217:GBP shares

Registered Number 02823497

T K S TRADE SOURCING COMPANY LIMITED

Abbreviated Accounts

30 June 2014

T K S TRADE SOURCING COMPANY LIMITED Registered Number 02823497

Abbreviated Balance Sheet as at 30 June 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	24,911	11,895
		24,911	11,895
Current assets
Stocks		35,457	46,264
Debtors		68,931	36,794
Cash at bank and in hand		5,011	16
		109,399	83,074
Creditors: amounts falling due within one year	3	(89,019)	(72,618)
Net current assets (liabilities)		20,380	10,456
Total assets less current liabilities		45,291	22,351
Creditors: amounts falling due after more than one year	3	(42,821)	(21,428)
Total net assets (liabilities)		2,470	923
Capital and reserves
Called up share capital	4	2	2
Profit and loss account		2,468	921
Shareholders' funds		2,470	923

For the year ending 30 June 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 5 December 2014

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

T K S TRADE SOURCING COMPANY LIMITED Registered Number 02823497

Notes to the Abbreviated Accounts for the period ended 30 June 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 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 2013	34,802
Additions	21,319
Disposals	-
Revaluations	-
Transfers	-
At 30 June 2014	56,121
Depreciation
At 1 July 2013	22,907
Charge for the year	8,303
On disposals	-
At 30 June 2014	31,210
Net book values
At 30 June 2014	24,911
At 30 June 2013	11,895

3Creditors

	2014 £	2013 £
Instalment debts due after 5 years	7,704	5,374

4Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
2 Ordinary shares of £1 each	2	2