Terrasofta Products Limited - Limited company - abbreviated

REGISTERED NUMBER: 07429143 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 November 2013

for

Terrasofta Products Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

Report of the Accountants

4

DIRECTORS:

A Wendzel

P Summers

SECRETARY:

A Wendzel

REGISTERED OFFICE:

Ground Floor

2 Woodberry Grove

North Finchley

London

N12 0DR

REGISTERED NUMBER:

07429143 (England and Wales)

ACCOUNTANTS:

Financial People

Chartered Certified Accountants

77a Alma Road

Clifton

Bristol

North Somerset

BS8 2DP

FIXED ASSETS

Tangible assets

2

7,784

9,327

CURRENT ASSETS

Stocks

6,750

1,602

Debtors

2,156

6,902

Cash at bank

2,884

1,802

11,790

10,306

CREDITORS

Amounts falling due within one year

17,214

17,235

NET CURRENT LIABILITIES

(5,424

)

(6,929

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,360

2,398

PROVISIONS FOR LIABILITIES

1,868

NET ASSETS

492

530

CAPITAL AND RESERVES

Called up share capital

3

2

Profit and loss account

490

528

SHAREHOLDERS' FUNDS

492

530

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2013 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 30 May 2014 and were signed on its behalf by:

P Summers - Director

1.	ACCOUNTING POLICIES

Accounting convention

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

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2012

14,912

Additions

1,051

At 30 November 2013

15,963

DEPRECIATION

At 1 December 2012

5,585

Charge for year

2,594

At 30 November 2013

8,179

NET BOOK VALUE

At 30 November 2013

7,784

At 30 November 2012

9,327

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.13

30.11.12

value:

£

2

Ordinary

£1

2

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to three)

have been prepared.

As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended

30 November 2013 set out on pages nil to nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to

fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Financial People

Chartered Certified Accountants

77a Alma Road

Clifton

Bristol

North Somerset

BS8 2DP

30 May 2014