Registered Number 06919598

TERRY MILNER LTD.

Abbreviated Accounts

31 October 2013

TERRY MILNER LTD. Registered Number 06919598

Abbreviated Balance Sheet as at 31 October 2013

Notes 2013 2012
£ £
Fixed assets
Tangible assets 2 391,230 335,657
391,230 335,657
Current assets
Debtors 96,126 252,541
Cash at bank and in hand 52,049 72,484
148,175 325,025
Creditors: amounts falling due within one year (86,904) (210,639)
Net current assets (liabilities) 61,271 114,386
Total assets less current liabilities 452,501 450,043
Creditors: amounts falling due after more than one year (37,253) (23,666)
Provisions for liabilities (14,386) (28,280)
Total net assets (liabilities) 400,862 398,097
Capital and reserves
Called up share capital 1 1
Profit and loss account 400,861 398,096
Shareholders' funds 400,862 398,097
  • For the year ending 31 October 2013 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 6 May 2014

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 2013

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements 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 Improvements - 33 1/3% 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 2012 380,069
Additions 126,303
Disposals (11,000)
Revaluations -
Transfers -
At 31 October 2013 495,372
Depreciation
At 1 November 2012 44,412
Charge for the year 63,684
On disposals (3,954)
At 31 October 2013 104,142
Net book values
At 31 October 2013 391,230
At 31 October 2012 335,657