Toor Wealth Management Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08846553 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2019

for

Toor Wealth Management Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S Toor

O Toor

SECRETARY:

REGISTERED OFFICE:

66 Bawnmore Road

Rugby

Warwickshire

CV22 6JP

REGISTERED NUMBER:

08846553 (England and Wales)

ACCOUNTANTS:

CJK Accountants

4 Marsh Drive

Husbands Bosworth

Lutterworth

Leicestershire

LE17 6PU

FIXED ASSETS

Tangible assets

4

499

666

CURRENT ASSETS

Stocks

-

6,000

Debtors

5

9,684

5,382

Cash at bank

895

5,806

10,579

17,188

CREDITORS

Amounts falling due within one year

6

8,958

17,803

NET CURRENT ASSETS/(LIABILITIES)

1,621

(615

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,120

51

CREDITORS

Amounts falling due after more than one year

7

(2,000

)

-

PROVISIONS FOR LIABILITIES

(95

)

-

NET ASSETS

25

51

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

15

41

SHAREHOLDERS' FUNDS

25

51

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2019 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 23 October 2019 and were signed on its behalf by:

S Toor - Director

1.	STATUTORY INFORMATION

Toor Wealth Management Ltd is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

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 etc

-

25% on reducing balance and 20% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in

bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the

extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

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

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will

be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2018 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 February 2018

and 31 January 2019

1,520

DEPRECIATION

At 1 February 2018

854

Charge for year

167

At 31 January 2019

1,021

NET BOOK VALUE

At 31 January 2019

499

At 31 January 2018

666

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.19

31.1.18

£

£

Trade debtors

6,184

5,382

Other debtors

3,500

-

9,684

5,382

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.19

31.1.18

£

£

Trade creditors

(242

)

(243

)

Taxation and social security

162

1,572

Other creditors

9,038

16,474

8,958

17,803

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.19

31.1.18

£

£

Other creditors

2,000

-