Registered number
00782511
TRIMFAST LIMITED
Abbreviated Accounts
31 March 2013
TRIMFAST LIMITED
Registered number: 00782511
Abbreviated Balance Sheet
as at 31 March 2013
Notes 2013 2012
£ £
Fixed assets
Tangible assets 3 2,582 3,227
Current assets
Stocks 142,308 137,334
Debtors 111,783 93,449
Cash at bank and in hand 254 219
254,345 231,002
Creditors: amounts falling due within one year (147,636) (114,553)
Net current assets 106,709 116,449
Total assets less current liabilities 109,291 119,676
Creditors: amounts falling due after more than one year (27,773) (36,901)
Provisions for liabilities (7) (7)
Net assets 81,511 82,768
Capital and reserves
Called up share capital 4 200 200
Capital redemption reserve 100 100
Profit and loss account 81,211 82,468
Shareholders' funds 81,511 82,768
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
Members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
G Smith
Director
Approved by the board on 10 June 2013
TRIMFAST LIMITED
Notes to the Abbreviated Accounts
for the year ended 31 March 2013
1 Accounting policies
Basis of preparation
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
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Office equipment 20% on reducing balance
Motor vehicles 20% on reducing balance
Stocks
Stock is valued at the lower of cost and net realisable value.
Deferred taxation
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.
Foreign currencies
Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.
Leasing and hire purchase commitments
Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability.

The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.

Rentals paid under operating leases are charged to income on a straight line basis over the lease term.
2 Intangible fixed assets £
Cost
At 1 April 2012 10,000
At 31 March 2013 10,000
Amortisation
At 1 April 2012 10,000
At 31 March 2013 10,000
Net book value
At 31 March 2013 -
3 Tangible fixed assets £
Cost
At 1 April 2012 33,281
At 31 March 2013 33,281
Depreciation
At 1 April 2012 30,054
Charge for the year 645
At 31 March 2013 30,699
Net book value
At 31 March 2013 2,582
At 31 March 2012 3,227
4 Share capital Nominal 2013 2013 2012
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each 200 200 200
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