Toscale Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 07117629 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JULY 2019

FOR

TOSCALE LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

MA Tite

SECRETARY:

J Tite

REGISTERED OFFICE:

9 Water Lane

Wootton

Northamptonshire

NN4 6HA

REGISTERED NUMBER:

07117629 (England and Wales)

FIXED ASSETS

Tangible assets

4

97

213

CURRENT ASSETS

Debtors

5

101

5,995

Cash at bank

16,258

12,157

16,359

18,152

CREDITORS

Amounts falling due within one year

6

13,457

18,205

NET CURRENT ASSETS/(LIABILITIES)

2,902

(53

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,999

160

CAPITAL AND RESERVES

Called up share capital

7

100

Retained earnings

2,899

60

SHAREHOLDERS' FUNDS

2,999

160

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 applicable to companies subject to the small companies regime.

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

The financial statements were approved by the director on 4th February 2020 and were signed by:

MA Tite - Director

1.	STATUTORY INFORMATION

Toscale 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small

Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and

Republic of Ireland" 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.

Computer equipment

-

33% on cost

Financial instruments

The company is party to only the basic financial instruments such as cash, trade debtors and creditors and

loans. Instruments such as trade debtors and trade creditors are initially recognised at their transaction

cost and reviewed at the year end for impairment. Debt instruments not repayable on demand or due

within one year, such as bank loans, are measured at amortised cost using the effective interest rate.

Taxation

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

and Retained Earnings, 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

Computer

equipment

£

COST

At 1st August 2018

and 31st July 2019

4,035

DEPRECIATION

At 1st August 2018

3,822

Charge for year

116

At 31st July 2019

3,938

NET BOOK VALUE

At 31st July 2019

97

At 31st July 2018

213

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

Trade debtors

-

5,995

Other debtors

101

-

101

5,995

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

Trade creditors

256

248

Taxation and social security

9,363

12,957

Other creditors

3,838

5,000

13,457

18,205

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2019

2018

value:

£

100

Ordinary

£1

100

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st July 2019 and

31st July 2018:

2019

2018

£

MA Tite

Balance outstanding at start of year

(3,893

)

8,227

Amounts advanced

7,222

13,860

Amounts repaid

(6,026

)

(25,980

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

(2,697

)

(3,893

)

Toscale Ltd - Accounts to registrar (filleted) - small 18.2

Toscale Ltd - Accounts to registrar (filleted) - small 18.2