Company Registration No. 03091623 (England and Wales)
TEC TRANSNATIONAL LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2013
TEC TRANSNATIONAL LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
TEC TRANSNATIONAL LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 DECEMBER 2013
31 December 2013
- 1 -
2013
2012
Notes
£
£
£
£
Fixed assets
Tangible assets
2
5,299
6,828
Current assets
Debtors
64,654
38,463
Cash at bank and in hand
47,208
98,837
111,862
137,300
Creditors: amounts falling due within one year
(97,559)
(73,957)
Net current assets
14,303
63,343
Total assets less current liabilities
19,602
70,171
Provisions for liabilities
(702)
(929)
18,900
69,242
Capital and reserves
Called up share capital
3
4
4
Profit and loss account
18,896
69,238
Shareholders' funds
18,900
69,242
For the financial year ended 31 December 2013 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 22 January 2014
Dr D Scrimshire
Mrs S Scrimshire
Director
Director
Company Registration No. 03091623
TEC TRANSNATIONAL LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2013
- 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 April 2008).
The company has taken advantage of the exemption in Financial Reporting Standard No 1 from the requirement to produce a cash flow statement on the grounds that it is a small company.
1.2
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.3
Tangible fixed assets and depreciation
Tangible fixed assets 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:
Fixtures, fittings & equipment
25% straight line
2
Fixed assets
Tangible assets
£
Cost
At 1 January 2013
18,970
Additions
1,571
Disposals
(6,168)
At 31 December 2013
14,373
Depreciation
At 1 January 2013
12,142
On disposals
(6,168)
Charge for the year
3,100
At 31 December 2013
9,074
Net book value
At 31 December 2013
5,299
At 31 December 2012
6,828
3
Share capital
2013
2012
£
£
Allotted, called up and fully paid
4 Ordinary shares of £1 each
4
4