Registered Number 06919598

TERRY MILNER LTD.

Abbreviated Accounts

31 October 2012

TERRY MILNER LTD. Registered Number 06919598

Abbreviated Balance Sheet as at 31 October 2012

Notes 2012 2011
£ £
Fixed assets
Tangible assets 2 335,657 237,845
335,657 237,845
Current assets
Debtors 252,541 115,793
Cash at bank and in hand 72,484 217,189
325,025 332,982
Creditors: amounts falling due within one year (210,639) (308,910)
Net current assets (liabilities) 114,386 24,072
Total assets less current liabilities 450,043 261,917
Creditors: amounts falling due after more than one year (23,666) (616)
Provisions for liabilities (28,280) (23,545)
Total net assets (liabilities) 398,097 237,756
Capital and reserves
Called up share capital 1 1
Profit and loss account 398,096 237,755
Shareholders' funds 398,097 237,756
  • For the year ending 31 October 2012 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 21 March 2013

And signed on their behalf by:
T MILNER, Director

TERRY MILNER LTD. Registered Number 06919598

Notes to the Abbreviated Accounts for the period ended 31 October 2012

1Accounting Policies

Basis of measurement and preparation of accounts
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 policy
Turnover comprises revenue recognised by the company in respect of services supplied, exclusive of Value Added Tax.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Leasehold Property - 33% straight line basis
Plant & Machinery - 10% reducing balance basis
Fixtures & Fittings - 15% reducing balance basis
Motor Vehicles - 25% reducing balance basis

2Tangible fixed assets
£
Cost
At 1 November 2011 247,868
Additions 132,201
Disposals -
Revaluations -
Transfers -
At 31 October 2012 380,069
Depreciation
At 1 November 2011 10,023
Charge for the year 34,389
On disposals -
At 31 October 2012 44,412
Net book values
At 31 October 2012 335,657
At 31 October 2011 237,845