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TOUTES DIRECTIONS LIMITED - Company Information

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Toutes Directions Limited

Registered Number:05389942

For the year ended 31 March 2020

England and Wales

Unaudited Financial Statements

For the year ended 31 March 2020

Toutes Directions Limited

Contents Page

Statement of Financial Position

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Notes to the Financial Statements

Registered Number :

05389942

As at 31 March 2020

Toutes Directions Limited

Statement of Financial Position

2019

2020

Notes

Fixed assets

Property, plant and equipment

1,292,380

1,049,719

1,292,380

1,049,719

Current assets

Trade and other receivables

572,736

586,062

54,520

Cash and cash equivalents

393,680

979,742

627,256

Trade and other payables: amounts falling due within one

year

(489,728)

(656,303)

137,528

323,439

Net current assets

Total assets less current liabilities

1,615,819

1,187,247

Trade and other payables: amounts falling due after more

than one year

(408,310)

(434,234)

(143,200)

(88,700)

Provisions for liabilities

1,038,385

Net assets

690,237

Capital and reserves

Called up share capital

500

Retained earnings

1,037,885

689,737

1,038,385

690,237

Shareholders' funds

For the year ended 31 March 2020 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 in accordance with Section 476 of the Companies Act 2006

The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section 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.

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

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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Registered Number :

05389942

For the year ended 31 March 2020

Toutes Directions Limited

Statement of Financial Position Continued

Mr M. Harrison Director

These financial statements were approved and authorised for issue by the Board on 26 August 2020 and were signed by:

The notes form part of these financial statements

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For the year ended 31 March 2020

Toutes Directions Limited

Notes to the Financial Statements

Statutory Information

Toutes Directions Limited is a private limited company, limited by shares, domiciled in England and Wales,

registration number 05389942.

Registered address:

5 Brompton Road

Sheffield

S9 2PA

The presentation currency is £ sterling.

1. Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as

modified by the revaluation of certain assets.

Revenue recognition

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Property, plant and equipment

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Commercial vehicles

20% Reducing balance

Plant and Machinery

20% Reducing balance

Motor vehicles

20% Reducing balance

Fixtures and fittings

Inventories

Income on WIP contracts is recognised when the outcome of the contracts can be assessed with reasonable certainty and is recognised by reference to the valuation of the time spent and the dates the services were provided.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Hire purchase and leasing commitments

Rentals payable under operating leases are charged against income on a straight line basis over the lease term. The finance element of the rental payment is charged to the profit and loss account on a method giving a constant rate of return on the balance outstanding.

Debtors and creditors due within one year

Debtors and creditors with no stated interest rate, which are due within one year, are stated at the transaction

price. Any loss arising from impairment is recognised in the statement of comprehensive income with

administrative expenses.

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For the year ended 31 March 2020

Toutes Directions Limited

Notes to the Financial Statements Continued

Impairment

At each balance sheet date, assets are reviewed to determine whether there is any indication that any of the

individual assets have suffered an impairment. If such indication exists, the recoverable amount of the asset, or

the assets cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount

exceeds its recoverable amount, an impairment loss is recgonised in the statement of comprehensive income.

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.

2. Property, plant and equipment

Total

Fixtures and

fittings

Commercial

vehicles

Land &

buildings

Cost or

valuation

At 01 April 2019

1,545,135

138,713

947,744

458,678

399,731

3,742

395,989

Additions

At 31 March 2020

458,678

1,343,733

142,455

1,944,866

Provision for depreciation and impairment

At 01 April 2019

495,416

89,961

405,455

Charge for year

157,070

9,413

147,657

At 31 March 2020

652,486

99,374

553,112

At 31 March 2020

Net book value

458,678

790,621

43,081

1,292,380

At 31 March 2019

458,678

542,289

48,752

1,049,719

The net book value of Commercial Vehicles includes £571,483 in respect of assets under finance leases or hire

purchase contracts.

The depreciation charge for the year includes £92,288 in respect of assets under finance leases or hire purchase

contracts.

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For the year ended 31 March 2020

Toutes Directions Limited

Notes to the Financial Statements Continued

3. Trade and other receivables

2019

2020

Trade debtors

586,062

565,680

Other debtors

7,056

572,736

586,062

4. Trade and other payables: amounts falling due within one year

2019

2020

Bank loans and overdraft

47,685

47,435

Trade creditors

125,341

56,229

Taxation and social security

250,184

232,349

Other creditors

233,093

153,715

656,303

489,728

5. Trade and other payables: amounts falling due after more than one year

2019

2020

Bank loans and overdraft

159,348

207,174

Other creditors

274,886

201,136

434,234

408,310

6. Guarantees and other financial commitments

Guarantees and contingent assets and liabilities

Hire purchase finance is secured on the assets for which the finance has been provided.

The Bank Loan is secured on the land and buildings for which the finace has been provided.

Other financial commitments

As at the 31st March 2020, the Company has 13 live Hire Purchase agreements in place, used to finance the

capital expenditure of Commercial Vehicles. As at 31st March 2020, the net obligations repayable are,

£166,679 within one year and £274,886 between one and five years.

7. Average number of persons employed

During the year the average number of employees was 21 (2019 : 21)

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