Tomac Investments Limited Filleted accounts for Companies House (small and micro)
Tomac Investments Limited Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
05256322
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Abridged Financial Statements |
Year ended 31st December 2020
Contents |
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Officers and professional advisers |
1 |
Accountants report to the director on the preparation of the unaudited statutory abridged financial statements |
2 |
Abridged statement of financial position |
3 |
Notes to the abridged financial statements |
5 |
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Officers and Professional Advisers |
Director |
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Company Secretary |
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Registered Office |
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Accountants |
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Accountants |
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The White House |
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Station Road |
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West Hagley |
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Stourbridge |
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West Midlands |
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DY9 0NU |
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Bankers |
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Michael Place |
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Anchorage Avenue |
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Shrewsbury Business Park |
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Shrewsbury |
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SY2 6FG |
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Accountants Report to the Director on the Preparation of the Unaudited Statutory Abridged Financial Statements of Tomac Investments Limited |
Year ended 31st December 2020
The White House
Station Road
West Hagley
Stourbridge
West Midlands
DY9 0NU
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Abridged Statement of Financial Position |
2020 |
2019 |
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Note |
£ |
£ |
£ |
Fixed assets
Tangible assets |
5 |
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Current assets
Debtors |
6 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
7 |
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Net current liabilities |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
8 |
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Net assets |
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Abridged Statement of Financial Position (continued) |
2020 |
2019 |
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Note |
£ |
£ |
£ |
Capital and reserves
Called up share capital |
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Profit and loss account |
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Shareholders funds |
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In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.
Director's responsibilities:
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The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements
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These abridged financial statements were approved by the
board of directors
and authorised for issue on
30 March 2021
, and are signed on behalf of the board by:
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Director |
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Company registration number:
05256322
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Notes to the Abridged Financial Statements |
Year ended 31st December 2020
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 45 St. Julian's Crescent, Shrewsbury, Shropshire, SY1 1UD.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. There are no key assumptions or other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.
Revenue recognition
Income tax
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and Fitting |
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Investment property
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4.
Dividends
Dividends paid during the year (excluding those for which a liability existed at the end of the prior year):
2020 |
2019 |
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£ |
£ |
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On Ordinary B shares |
30,000 |
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5.
Tangible assets
Land and buildings |
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£ |
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Cost |
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At 1st January 2020 and 31st December 2020 |
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Depreciation |
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At 1st January 2020 and 31st December 2020 |
– |
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Carrying amount |
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At 31st December 2020 |
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At 31st December 2019 |
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Included within the above is investment property as follows:
£ |
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At 1st January 2020 and 31st December 2020 |
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6.
Debtors
2020 |
2019 |
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£ |
£ |
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Other debtors |
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7.
Creditors:
amounts falling due within one year
2020 |
2019 |
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£ |
£ |
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Accruals and deferred income |
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Corporation tax |
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Social security and other taxes |
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Director loan accounts |
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8.
Creditors:
amounts falling due after more than one year
2020 |
2019 |
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£ |
£ |
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Director loan accounts |
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9.
Director's advances, credits and guarantees
At the year end, the director's loan account balance was £242,635 (£247,779 - 2019).=