Registered number
06360390
TMP (Bramham) Ltd
Filleted Accounts
31 March 2018
TMP (Bramham) Ltd
Registered number: 06360390
Balance Sheet
as at 31 March 2018
Notes 2018 2017
£ £
Fixed assets
Intangible assets 2 10,000 10,000
Tangible assets 3 1,040,000 1,040,000
1,050,000 1,050,000
Current assets
Debtors 4 9,775 10,318
Cash at bank and in hand 5,985 22,462
15,760 32,780
Creditors: amounts falling due within one year 5 (25,269) (27,362)
Net current (liabilities)/assets (9,509) 5,418
Total assets less current liabilities 1,040,491 1,055,418
Creditors: amounts falling due after more than one year 6 (638,401) (683,701)
Net assets 402,090 371,717
Capital and reserves
Called up share capital 200 200
Revaluation reserve 7 117,404 117,404
Profit and loss account 284,486 254,113
Shareholders' funds 402,090 371,717
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
R.A.Lumley
Director
Approved by the board on 20 July 2018
TMP (Bramham) Ltd
Notes to the Accounts
for the year ended 31 March 2018
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2017 10,000
At 31 March 2018 10,000
Amortisation
At 31 March 2018 -
Net book value
At 31 March 2018 10,000
At 31 March 2017 10,000
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 April 2017 1,040,000
At 31 March 2018 1,040,000
Depreciation
At 31 March 2018 -
Net book value
At 31 March 2018 1,040,000
At 31 March 2017 1,040,000
4 Debtors 2018 2017
£ £
Trade debtors 5,020 5,563
Other debtors 4,755 4,755
9,775 10,318
5 Creditors: amounts falling due within one year 2018 2017
£ £
Bank loans and overdrafts 13,000 12,512
Trade creditors 600 600
Taxation and social security costs 7,769 10,304
Other creditors 3,900 3,946
25,269 27,362
6 Creditors: amounts falling due after one year 2018 2017
£ £
Bank loans 316,471 329,103
Other creditors 321,930 354,598
638,401 683,701
7 Revaluation reserve 2018 2017
£ £
At 1 April 2017 117,404 117,404
At 31 March 2018 117,404 117,404
8 Other information
TMP (Bramham) Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Book End Farm
Timble
Otley
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