Abbreviated Company Accounts - TARAK MANUFACTURING COMPANY LIMITED

TARAK MANUFACTURING COMPANY LIMITED Registered Number SC051132

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	2,776,745	2,815,217
Investments	3	70,828	68,606
		2,847,573	2,883,823
Current assets
Stocks		18,490	18,490
Debtors		297,273	9,036
Cash at bank and in hand		124,976	373,622
		440,739	401,148
Creditors: amounts falling due within one year		(114,795)	(123,240)
Net current assets (liabilities)		325,944	277,908
Total assets less current liabilities		3,173,517	3,161,731
Creditors: amounts falling due after more than one year		(13,351)	(31,900)
Provisions for liabilities		(44,623)	(37,032)
Total net assets (liabilities)		3,115,543	3,092,799
Capital and reserves
Called up share capital		900	900
Revaluation reserve		1,736,413	1,736,413
Other reserves		100	100
Profit and loss account		1,378,130	1,355,386
Shareholders' funds		3,115,543	3,092,799

For the year ending 31 March 2014 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 22 December 2014

And signed on their behalf by:
Mohammed Tarak Ramzan, Director

TARAK MANUFACTURING COMPANY LIMITED Registered Number SC051132

Notes to the Abbreviated Accounts for the period ended 31 March 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts are prepared under the historical cost convention modified to include the revaluation of certain fixed assets, and in accordance with the Financial Reporting Standard for Smaller Entities (efective April 2008).

Turnover policy
Turnover represents the total invoice value, excluding value added tax of sales made during the year.

Tangible assets depreciation policy
Depreciation is provided at rates calulated to write off the cost or valuation less residual value of each asset over its expected useful life, as follows:

Land and buildings - No depreciation charged
Plant and machinery - 10% reducing balance
Fixtures, fittings and equipment - 10% reducing balance
Motor vehicles - 25% reducing balance
Computer equipment - 10% reducing balance

No depreciation is provided on Land and Buildings as in the opinion of the Directors the value of this asset is not less than its value stated in the balance sheet.

2Tangible fixed assets

	£
Cost
At 1 April 2013	3,278,713
Additions	13,988
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	3,292,701
Depreciation
At 1 April 2013	463,496
Charge for the year	52,460
On disposals	-
At 31 March 2014	515,956
Net book values
At 31 March 2014	2,776,745
At 31 March 2013	2,815,217

3Fixed assets Investments
Cost/revaluation
At 1 April 2013 £68,608
Additions £2,220

At 31 March 2014 £70,828

Net book values
At 31 March 2014 £70,828

At 31 March 2013 £68,608