Tuscany Too Limited - Limited company - abbreviated - 11.6

Tuscany Too Limited - Limited company - abbreviated - 11.6

TUSCANY TOO LIMITED - Company Information

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TUSCANY TOO LIMITED

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 JANUARY 2015






TUSCANY TOO LIMITED (REGISTERED NUMBER: 07512586)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JANUARY 2015




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

TUSCANY TOO LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2015







DIRECTOR: Mr A Mendola





REGISTERED OFFICE: 6 Filey Road
SCARBOROUGH
North Yorkshire
YO11 2SD





REGISTERED NUMBER: 07512586 (England and Wales)





ACCOUNTANTS: Winn & Co
Chartered Accountants
62/63 Westborough
Scarborough
North Yorkshire
YO11 1TS
Page 1
TUSCANY TOO LIMITED (REGISTERED NUMBER: 07512586)

ABBREVIATED BALANCE SHEET
31 JANUARY 2015

2015 2014
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 31,500 36,750
Tangible assets 3 11,146 9,065
42,646 45,815

CURRENT ASSETS
Stocks 12,500 12,300
Cash at bank and in hand 548 4,746
13,048 17,046
CREDITORS
Amounts falling due within one year 34,625 34,994
NET CURRENT LIABILITIES (21,577 ) (17,948 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
21,069
27,867

CAPITAL AND RESERVES
Called up share capital 4 100 100
Profit and loss account 20,969 27,767
SHAREHOLDERS' FUNDS 21,069 27,867

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2015 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 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 director on 5 June 2015 and were signed by:





Mr A Mendola - Director


The notes form part of these abbreviated accounts

Page 2
TUSCANY TOO LIMITED (REGISTERED NUMBER: 07512586)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JANUARY 2015

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The principal accounting policies adopted in the preparation of the financial statements are set out below.

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).

The effect of events relating to the year ended 31 January 2014, which occurred before the date of approval of
the financial statements by the Board of Directors, have been included to the extent required to show a true and
fair view of the state of affairs of the company at the 31 January 2014 and of its results for the period ended on
that date.

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Fixtures and fittings - 10% on reducing balance
Motor vehicles - 20% 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the
period of the lease.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 February 2014
and 31 January 2015 52,500
AMORTISATION
At 1 February 2014 15,750
Amortisation for year 5,250
At 31 January 2015 21,000
NET BOOK VALUE

At 31 January 2015 31,500
At 31 January 2014 36,750

Page 3 continued...
TUSCANY TOO LIMITED (REGISTERED NUMBER: 07512586)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 JANUARY 2015

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 February 2014 11,361
Additions 3,135
At 31 January 2015 14,496
DEPRECIATION
At 1 February 2014 2,296
Charge for year 1,054
At 31 January 2015 3,350
NET BOOK VALUE
At 31 January 2015 11,146
At 31 January 2014 9,065

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2015 2014
value: £    £   
100 Ordinary £1 100 100

5. CONTROLLING PARTY

The company is under the control of Mr A Mendola who owns 90% of the issued share capital.

Page 4