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TMGS Grounds Maintenance Limited
For the year ended 31 March 2016
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 07673550
2
Contents Page
TMGS Grounds Maintenance Limited
For the year ended 31 March 2016
1
Accountants' Report
2
Balance Sheet
3 to 4
Notes to the Abbreviated Financial Statements
3
TMGS Grounds Maintenance Limited
Accountants' Report
For the year ended 31 March 2016
As described on the balance sheet you are responsible for the preparation of the financial statements for the year
ended 31 March 2016 and you consider that the company is exempt from an audit under the Companies Act
2006.
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.
Figures Accountancy Services
Miss J S Belcher ACPA
Figures House
24 Brighton Road
Salfords
Surrey
RH1 5BX
10 May 2016
Dated:
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4
Abbreviated Balance Sheet
TMGS Grounds Maintenance Limited
As at 31 March 2016
07673550
Registered Number :
£
£
2016
Notes
2015
Fixed assets
Tangible assets
2
29,378
39,288
29,378
39,288
Current assets
Debtors
36,734
37,530
Cash at bank and in hand
29,371
14,007
66,901
50,741
Creditors: amounts falling due within one year
(24,110)
(42,618)
26,631
24,283
Net current assets
Total assets less current liabilities
53,661
65,919
Creditors: amounts falling due after more than one year
(33,849)
(18,679)
34,982
Net assets
32,070
Capital and reserves
Called up share capital
2
3
2
Profit and loss account
34,980
32,068
34,982
32,070
Shareholders funds
For the year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
2) The director acknowledges his 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.
Date approved by the board: 10 May 2016
Mr Christopher Gordon Ollive Director
Signed on behalf of the board of directors
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5
Notes to the Abbreviated Financial Statements
TMGS Grounds Maintenance Limited
For the year ended 31 March 2016
1 Accounting Policies
Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Going Concern
The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the director who has undertaken to provide such support for the foreseeable future. If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Dividends
Proposed dividends are only included as liabilities in the financial statements when their payment has been
approved by the shareholders prior to the balance sheet date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery
20 Straight line
Computer Equipment
20 Straight line
Motor Vehicles
25 Reducing balance
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6
Notes to the Abbreviated Financial Statements
TMGS Grounds Maintenance Limited
For the year ended 31 March 2016
2 Tangible fixed assets
Tangible
fixed assets
Cost or valuation
£
79,957
At 01 April 2015
3,797
Additions
At 31 March 2016
83,754
Depreciation
40,669
At 01 April 2015
13,707
Charge for year
54,376
At 31 March 2016
Net book values
At 31 March 2016
29,378
39,288
At 31 March 2015
3 Share capital
Allotted called up and fully paid
2016
2015
£
£
2 Class A shares of £1.00 each
2
2
2
2
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