Company Registration No. 06555748 (England and Wales)
Thugg Carbon Composites Limited
Unaudited accounts
for the year ended 30 April 2017
Thugg Carbon Composites Limited
Unaudited accounts
Contents
Thugg Carbon Composites Limited
Company Information
for the year ended 30 April 2017
Director
Peter Hazlehurst
Company Number
06555748 (England and Wales)
Registered Office
22 Dayslondon Road
Purbrook
Waterlooville
Hampshire
PO7 5NN
Accountants
TaxSense Accountants Ltd
203 West Street
Fareham
Hants
PO16 0EN
Thugg Carbon Composites Limited
Statement of financial position
as at
30 April 2017
Tangible assets
2,126
2,081
Cash at bank and in hand
262
1,560
Creditors: amounts falling due within one year
(1,979)
(3,524)
Net current liabilities
(1,717)
(1,959)
Called up share capital
100
100
Profit and loss account
309
22
Shareholders' funds
409
122
For the year ending 30 April 2017 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 6 June 2017.
Peter Hazlehurst
Director
Company Registration No. 06555748
Thugg Carbon Composites Limited
Notes to the Accounts
for the year ended 30 April 2017
Thugg Carbon Composites Limited is a private company, limited by shares, registered in England and Wales, registration number 06555748. The registered office and principal place of business is 22 Dayslondon Road, Purbrook, Waterlooville, Hampshire, PO7 5NN.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 30 April 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 May 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
15% reducing balance
Computer equipment
15% reducing balance
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Thugg Carbon Composites Limited
Notes to the Accounts
for the year ended 30 April 2017
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 May 2016
610
3,149
3,759
At 30 April 2017
610
3,569
4,179
At 1 May 2016
309
1,369
1,678
Charge for the year
45
330
375
At 30 April 2017
354
1,699
2,053
At 30 April 2017
256
1,870
2,126
At 30 April 2016
301
1,780
2,081
Accrued income and prepayments
-
5
6
Creditors: amounts falling due within one year
2017
2016
Corporation tax
1,888
3,337
Other taxes and social security costs
29
-
Loans from directors
-
187
7
Share capital
2017
2016
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
9
Average number of employees
During the year the average number of employees was 1 (2016: 1).