Registered Number SC051132

TARAK MANUFACTURING COMPANY LIMITED

Abbreviated Accounts

31 March 2013

TARAK MANUFACTURING COMPANY LIMITED Registered Number SC051132

Abbreviated Balance Sheet as at 31 March 2013

Notes 2013 2012
£ £
Fixed assets
Tangible assets 2 2,815,217 2,719,558
Investments 3 68,606 67,139
2,883,823 2,786,697
Current assets
Stocks 18,490 17,577
Debtors 9,036 4,658
Cash at bank and in hand 373,622 383,484
401,148 405,719
Creditors: amounts falling due within one year (123,240) (137,741)
Net current assets (liabilities) 277,908 267,978
Total assets less current liabilities 3,161,731 3,054,675
Creditors: amounts falling due after more than one year (31,900) (7,013)
Provisions for liabilities (37,032) (36,604)
Total net assets (liabilities) 3,092,799 3,011,058
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 1,355,386 1,273,645
Shareholders' funds 3,092,799 3,011,058
  • For the year ending 31 March 2013 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 19 December 2013

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 2013

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 (effective 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 calculated 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

2Tangible fixed assets
£
Cost
At 1 April 2012 3,141,195
Additions 137,517
Disposals -
Revaluations -
Transfers -
At 31 March 2013 3,278,712
Depreciation
At 1 April 2012 421,637
Charge for the year 41,858
On disposals -
At 31 March 2013 463,495
Net book values
At 31 March 2013 2,815,217
At 31 March 2012 2,719,558

3Fixed assets Investments
Fixed asset investments are stated at cost less provision for permanent diminution in value.