Registered Number 02771944

TITAN FISHING PRODUCTS LIMITED

Abbreviated Accounts

31 December 2015

TITAN FISHING PRODUCTS LIMITED Registered Number 02771944

Abbreviated Balance Sheet as at 31 December 2015

Notes 2015 2014
£ £
Current assets
Stocks 2,797 4,136
Cash at bank and in hand 517 1,676
3,314 5,812
Prepayments and accrued income 109 -
Creditors: amounts falling due within one year (46,467 ) (42,786 )
Net current assets (liabilities) (43,044 ) (36,974 )
Total assets less current liabilities (43,044 ) (36,974 )
Total net assets (liabilities) (43,044 ) (36,974 )
Capital and reserves
Called up share capital 2 100 100
Profit and loss account (43,144 ) (37,074 )
Shareholders' funds (43,044 ) (36,974 )

  • For the year ending 31 December 2015 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 28 September 2016

And signed on their behalf by:
Allan Lund, Director

TITAN FISHING PRODUCTS LIMITED Registered Number 02771944

Notes to the Abbreviated Accounts for the period ended 31 December 2015

1 Accounting 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 January 2015

Turnover policy
Turnover represents the value, net of value added tax and discounts, of goods provided to customers.

Other accounting policies
Stock
Stock is valued at the lower of cost and net realisable value.

Pensions
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they becomes payable in accordance with the rules of the scheme.

2 Called Up Share Capital
Allotted, called up and fully paid:
2015
£
2014
£
100 Ordinary shares of £1 each 100 100