Abbreviated Company Accounts - TOFFEE LIMITED

04540988 TOFFEE LIMITED 2014-07-31 false 2013-08-01 2014-07-31 true 04540988 2013-08-01 2014-07-31 04540988 2014-07-31 04540988 2013-07-31 04540988 uk-gaap-cd-bus:Director1 2013-08-01 2014-07-31 04540988 uk-gaap-cd-bus:Director2 2013-08-01 2014-07-31 uk-gaap-cd-bus:Director3 2013-08-01 2014-07-31 uk-gaap-cd-bus:Director3 2014-07-31 uk-gaap-cd-bus:Director3 2013-07-31 iso4217:GBP shares

Registered Number 04540988

TOFFEE LIMITED

Abbreviated Accounts

31 July 2014

TOFFEE LIMITED Registered Number 04540988

Abbreviated Balance Sheet as at 31 July 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	812,663	813,227
		812,663	813,227
Current assets
Stocks		100	325
Debtors		-	10
Cash at bank and in hand		8,015	1,214
		8,115	1,549
Creditors: amounts falling due within one year		(6,245)	(2,141)
Net current assets (liabilities)		1,870	(592)
Total assets less current liabilities		814,533	812,635
Creditors: amounts falling due after more than one year		(940,330)	(967,653)
Total net assets (liabilities)		(125,797)	(155,018)
Capital and reserves
Called up share capital		2	2
Revaluation reserve		574	574
Profit and loss account		(126,373)	(155,594)
Shareholders' funds		(125,797)	(155,018)

For the year ending 31 July 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 5 February 2015

And signed on their behalf by:
Andrew Hindle, Director

TOFFEE LIMITED Registered Number 04540988

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

1Accounting 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 and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. Plant & machinery 15% reducing balance.

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

2Tangible fixed assets

	£
Cost
At 1 August 2013	865,326
Additions	1,670
Disposals	-
Revaluations	-
Transfers	-
At 31 July 2014	866,996
Depreciation
At 1 August 2013	52,099
Charge for the year	2,234
On disposals	-
At 31 July 2014	54,333
Net book values
At 31 July 2014	812,663
At 31 July 2013	813,227

3Transactions with directors

Name of director receiving advance or credit:	Mhairi Hindle
Description of the transaction:	Director's loan. The loan is interest free and payable on demand.
Balance at 1 August 2013:	£ 826,942
Advances or credits made:	-
Advances or credits repaid:	£ 826,942
Balance at 31 July 2014:	£ 0

Ultimate controlling party.

The company is under the control of the directors.