Registered number
00782511
TRIMFAST LIMITED
Abbreviated Accounts
31 March 2016
TRIMFAST LIMITED
Registered number: 00782511
Abbreviated Balance Sheet
as at 31 March 2016
Notes 2016 2015
£ £
Fixed assets
Tangible assets 3 11,894 2,367
Current assets
Stocks 159,056 147,394
Debtors 141,849 143,910
Cash at bank and in hand 219 219
301,124 291,523
Creditors: amounts falling due within one year (204,149) (192,877)
Net current assets 96,975 98,646
Total assets less current liabilities 108,869 101,013
Creditors: amounts falling due after more than one year (28,279) (21,217)
Net assets 80,590 79,796
Capital and reserves
Called up share capital 4 200 200
Capital redemption reserve 100 100
Profit and loss account 80,290 79,496
Shareholders' funds 80,590 79,796
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 13 May 2016
TRIMFAST LIMITED
Notes to the Abbreviated Accounts
for the year ended 31 March 2016
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 2015 10,000
At 31 March 2016 10,000
Amortisation
At 1 April 2015 10,000
At 31 March 2016 10,000
Net book value
At 31 March 2016 -
3 Tangible fixed assets £
Cost
At 1 April 2015 34,334
Additions 10,000
At 31 March 2016 44,334
Depreciation
At 1 April 2015 31,967
Charge for the year 473
At 31 March 2016 32,440
Net book value
At 31 March 2016 11,894
At 31 March 2015 2,367
4 Share capital Nominal 2016 2016 2015
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each 200 200 200
TRIMFAST LIMITED 00782511 false true 2015-04-01 2016-03-31 2016-03-31 G Smith 00782511 2015-03-30 00782511 uk-bus:OrdinaryShareClass1 2015-03-30 00782511 2015-04-01 2016-03-31 00782511 uk-bus:Director40 2015-04-01 2016-03-31 00782511 uk-gaap:PlantMachinery 2015-04-01 2016-03-31 00782511 uk-gaap:MotorVehicles 2015-04-01 2016-03-31 00782511 uk-bus:OrdinaryShareClass1 2015-04-01 2016-03-31 00782511 2016-03-31 00782511 uk-bus:OrdinaryShareClass1 2016-03-31 00782511 2015-03-31 iso4217:GBP xbrli:shares