Company Registration No. 03008420 (England and Wales)
TELEBASE LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2016
TELEBASE LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
TELEBASE LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2016
31 March 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
166,252
156,959
Current assets
Debtors
1,248
19,487
Cash at bank and in hand
41,400
30,875
42,648
50,362
Creditors: amounts falling due within one year
(66,931)
(30,796)
Net current liabilities/(assets)
(24,283)
19,566
Total assets less current liabilities
141,969
176,525
Creditors: amounts falling due after more than one year
(38,970)
(42,936)
Provisions for liabilities
(52)
(71)
102,947
133,518
Capital and reserves
Called up share capital
3
2
2
Profit and loss account
102,945
133,516
Shareholders' funds
102,947
133,518
For the financial year ended 31 March 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 23 September 2016
Mr P Rogers
Director
Company Registration No. 03008420
TELEBASE LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 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
0%
Fixtures, fittings & equipment
25% on reducing balance (10% on property equipment)
2
Fixed assets
Tangible assets
£
Cost
At 1 April 2015
239,430
Additions
2,168
Revaluation
(1,664)
At 31 March 2016
239,934
Depreciation
At 1 April 2015
82,471
On disposals
(10,785)
Charge for the year
1,996
At 31 March 2016
73,682
Net book value
At 31 March 2016
166,252
At 31 March 2015
156,959
TELEBASE LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2016
- 3 -
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
2 Ordinary Shares of £1 each
2
2