T.o.l.c. Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 03766191

Abbreviated Accounts

for the Year Ended 31 May 2014

for

T.o.l.c. Limited

Trading as

Signs and Graphics etc.

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

Chartered Accountants' Report

4

DIRECTORS:

Mrs S A Elvin

M Elvin

SECRETARY:

M Elvin

REGISTERED OFFICE:

Seaton Garage

Seaton Road

Hornsea

East Yorkshire

HU11 5RQ

REGISTERED NUMBER:

03766191

ACCOUNTANTS:

CBA (Accountants) Ltd

72 Lairgate

Beverley

East Yorkshire

HU17 8EU

FIXED ASSETS

Tangible assets

2

26,312

33,510

CURRENT ASSETS

Stocks

7,887

7,887

Debtors

3,615

39,921

Cash at bank and in hand

9,063

14,048

20,565

61,856

CREDITORS

Amounts falling due within one year

45,132

58,403

NET CURRENT (LIABILITIES)/ASSETS

(24,567

)

3,453

TOTAL ASSETS LESS CURRENT LIABILITIES

1,745

36,963

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

1,743

36,961

SHAREHOLDERS' FUNDS

1,745

36,963

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2014 in accordance with Section 476 of the Companies Act 2006.

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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 24 February 2015 and were signed on its behalf by:

M Elvin - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2013

and 31 May 2014

77,376

DEPRECIATION

At 1 June 2013

43,866

Charge for year

7,198

At 31 May 2014

51,064

NET BOOK VALUE

At 31 May 2014

26,312

At 31 May 2013

33,510

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

2

Ordinary

£1

2

2

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to three)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of T.o.l.c. Limited for the year ended 31 May 2014 which comprise the Profit and Loss Account, the

Balance Sheet and the related notes from the company's accounting records and from information and explanations you

have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject

to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of T.o.l.c. Limited, as a body, in accordance with our terms of

engagement. Our work has been undertaken solely to prepare for your approval the financial statements of T.o.l.c.

Limited and state those matters that we have agreed to state to the Board of Directors of T.o.l.c. Limited, as a body, in

this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we

do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our

work or for this report.

It is your duty to ensure that T.o.l.c. Limited has kept adequate accounting records and to prepare statutory financial

statements that give a true and fair view of the assets, liabilities, financial position and loss of T.o.l.c. Limited. You

consider that T.o.l.c. Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of T.o.l.c. Limited. For this

reason, we have not verified the accuracy or completeness of the accounting records or information and explanations

you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended

31 May 2011 set out on pages three to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these financial statements in order to assist you to fulfil your

statutory responsibilities, from the accounting records and information and explanation supplied to us.

CBA (Accountants) Ltd

72 Lairgate

Beverley

East Yorkshire

HU17 8EU

24 February 2015