Company Registration No. 1274965 (England and Wales)
T R SHOP LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2016
T R SHOP LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
T R SHOP LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 OCTOBER 2016
31 October 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
205,118
205,130
Current assets
Stocks
75,000
75,000
Debtors
26,678
22,955
Cash at bank and in hand
14,026
3,144
115,704
101,099
Creditors: amounts falling due within one year
(92,805)
(179,334)
Net current assets/(liabilities)
22,899
(78,235)
Total assets less current liabilities
228,017
126,895
Capital and reserves
Called up share capital
3
1,000
1,000
Profit and loss account
227,017
125,895
Shareholders' funds
228,017
126,895
For the financial year ended 31 October 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 9 February 2017
G Louki
Director
Company Registration No. 1274965
T R SHOP LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
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).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets other than freehold land 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:
Land and buildings - freehold
5% on cost
Fixtures, fittings & equipment
15% on net book value
2
Fixed assets
Tangible assets
£
Cost
At 1 November 2015 & at 31 October 2016
217,572
Depreciation
At 1 November 2015
12,442
Charge for the year
12
At 31 October 2016
12,454
Net book value
At 31 October 2016
205,118
At 31 October 2015
205,130
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
1,000 Ordinary of £1 each
1,000
1,000