Company Registration No. 8761636 (England and Wales)
TIOSK LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2016
TIOSK LIMITED
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 4
TIOSK LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 NOVEMBER 2016
30 November 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Intangible assets
2
19,818
24,019
Tangible assets
2
35,921
43,233
55,739
67,252
Current assets
Stocks
36,500
5,900
Debtors
27,215
34,323
Cash at bank and in hand
80,721
1,047
144,436
41,270
Creditors: amounts falling due within one year
(189,435)
(179,286)
Net current liabilities
(44,999)
(138,016)
Total assets less current liabilities
10,740
(70,764)
Creditors: amounts falling due after more than one year
(27,344)
(36,165)
(16,604)
(106,929)
Capital and reserves
Called up share capital
3
2
2
Share premium account
173,950
-
Profit and loss account
(190,556)
(106,931)
Shareholders' funds
(16,604)
(106,929)
TIOSK LIMITED
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
30 NOVEMBER 2016
30 November 2016
- 2 -
For the financial year ended 30 November 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 31 August 2017
Ms Nicola Simpson
Ms Natasha Kelly
Director
Director
Company Registration No. 8761636
TIOSK LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 NOVEMBER 2016
- 3 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.
1.5
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Land and buildings Leasehold
Amortise over 7 years
Computer equipment
25% RBM
Fixtures, fittings & equipment
25% RBM
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 December 2015
30,006
57,453
87,459
Additions
-
1,301
1,301
At 30 November 2016
30,006
58,754
88,760
Depreciation
At 1 December 2015
5,987
14,220
20,207
Charge for the year
4,201
8,613
12,814
At 30 November 2016
10,188
22,833
33,021
Net book value
At 30 November 2016
19,818
35,921
55,739
At 30 November 2015
24,019
43,233
67,252
TIOSK LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2016
- 4 -
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
200,000 Ordinary A of 0.001p each
2
1
0 B Investments of -.001p each
-
1
2
2
During the year Ordinary B share changed to Ordinary A and Ordinary A share sub-division made from 2 Ordinary A shares of £1 each to 200,000 Ordinary A shares of £0.00001 each.
Ordinary Class "A" shares of 15,200 @ £0.00001 issued at premium during the year.
B investments shares of 19,590 @ £0.00001 issued at premium during the year.