REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOVALI LIMITED |
|
ABBREVIATED UNAUDITED ACCOUNTS |
|
FOR THE YEAR ENDED 31 MARCH 2015 |
|
|
|
|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOVALI LIMITED |
|
ABBREVIATED UNAUDITED ACCOUNTS |
|
FOR THE YEAR ENDED 31 MARCH 2015 |
|
|
|
|
|
TOVALI LIMITED (REGISTERED NUMBER: 00617416) |
|
CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 MARCH 2015 |
|
|
|
|
|
|
|
|
|
|
Page |
|
Abbreviated Balance Sheet | 1 |
|
Notes to the Abbreviated Accounts | 3 |
TOVALI LIMITED (REGISTERED NUMBER: 00617416) |
|
ABBREVIATED BALANCE SHEET |
31 MARCH 2015 |
|
2015 | 2014 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 2 |
|
|
Tangible assets | 3 |
|
|
Investments | 4 |
|
|
|
|
|
CURRENT ASSETS |
Stocks |
|
|
Debtors |
|
|
Cash in hand |
|
|
|
|
CREDITORS |
Amounts falling due within one year | 5 |
|
|
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT
LIABILITIES |
|
|
|
CREDITORS |
Amounts falling due after more than
one year |
5 |
|
|
NET ASSETS |
|
|
|
CAPITAL AND RESERVES |
Called up share capital | 6 |
|
|
Revaluation reserve |
|
|
Other reserves |
|
|
Profit and loss account | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS |
|
|
|
|
|
|
|
The directors acknowledge their responsibilities for: |
(a) |
ensuring that the company keeps accounting records which comply with Sections 386 and 387 of
the Companies Act 2006 and |
(b) |
preparing financial statements which give a true and fair view of the state of affairs of the company
as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
TOVALI LIMITED (REGISTERED NUMBER: 00617416) |
|
ABBREVIATED BALANCE SHEET - continued |
31 MARCH 2015 |
|
|
|
|
|
The financial statements were approved by the Board of Directors on
on its behalf by: |
|
|
|
|
|
|
|
TOVALI LIMITED (REGISTERED NUMBER: 00617416) |
|
NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 MARCH 2015 |
|
|
1. | ACCOUNTING POLICIES |
|
Basis of preparing the financial statements |
The accounts are prepared on a going concern basis as the company continues to benefit from the |
support of the directors and its bankers. |
|
Accounting convention |
The financial statements have been prepared under the historical cost convention as modified by |
the revaluation of certain assets and in accordance with the Financial Reporting Standard for |
Smaller Entities (effective April 2008). |
|
Turnover |
Turnover represents net invoiced sales of goods, excluding value added tax. |
|
Development costs |
Development costs are being written off at 10% to 20% of net book value on a reducing balance |
basis. |
|
Tangible fixed assets |
Depreciation has been computed to write off the cost or valuation of tangible fixed assets over |
their expected useful lives as follows: |
|
Freehold property - 2% per annum on cost |
|
Plant & machinery - 5% to 20% per annum reducing balance |
|
Office equipment - 5% to 20% per annum reducing balance |
|
Motor vehicles - 5% to 25% per annum reducing balance. |
|
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for |
obsolete and slow moving items. |
|
Hire purchase and leasing commitments |
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance |
sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. |
Those held under finance leases are depreciated over their estimated useful lives or the lease |
term, whichever is the shorter. |
|
The interest element of these obligations is charged to the profit and loss account over the |
relevant period. The capital element of the future payments is treated as a liability. |
TOVALI LIMITED (REGISTERED NUMBER: 00617416) |
|
NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 31 MARCH 2015 |
|
|
2. | INTANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 April 2014 |
and 31 March 2015 |
|
AMORTISATION |
At 1 April 2014 |
|
Amortisation for year |
|
At 31 March 2015 |
|
NET BOOK VALUE |
|
At 31 March 2015 |
|
At 31 March 2014 |
|
|
3. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST OR VALUATION |
At 1 April 2014 |
|
Additions |
|
At 31 March 2015 |
|
DEPRECIATION |
At 1 April 2014 |
|
Charge for year |
|
At 31 March 2015 |
|
NET BOOK VALUE |
At 31 March 2015 |
|
At 31 March 2014 |
|
|
4. | FIXED ASSET INVESTMENTS |
Investments |
other |
than |
loans |
£ |
COST |
At 1 April 2014 |
and 31 March 2015 | 1,000 |
NET BOOK VALUE |
At 31 March 2015 |
|
At 31 March 2014 |
|
|
5. | CREDITORS |
|
Creditors include an amount of £
|
TOVALI LIMITED (REGISTERED NUMBER: 00617416) |
|
NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 31 MARCH 2015 |
|
|
5. | CREDITORS - continued |
|
They also include the following debts falling due in more than five years: |
|
2015 | 2014 |
£ | £ |
Repayable by instalments | 24,185 | 29,239 |
|
6. | CALLED UP SHARE CAPITAL |
|
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2015 | 2014 |
value: | £ | £ |
|
Ordinary | 1 |
|
|