Toucies Limited - Accounts to registrar (filleted) - small 18.2

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REGISTERED NUMBER: 08824901 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2020

for

Toucies Limited

Page

Company Information

Abridged Balance Sheet

Notes to the Financial Statements

DIRECTORS:

I.F. Hurford

Mrs. C.A. Hurford

D Hurford

REGISTERED OFFICE:

14a Albany Road

Weymouth

Dorset

DT4 9TH

REGISTERED NUMBER:

08824901 (England and Wales)

ACCOUNTANTS:

Advoco

Chartered Certified Accountants

Chartered Tax Advisers

14a Albany Road

Weymouth

Dorset

DT4 9TH

FIXED ASSETS

Intangible assets

33,215

35,868

Tangible assets

653

975

33,868

36,843

CURRENT ASSETS

Stocks

13,500

16,500

Cash at bank

19,740

9,094

33,240

25,594

CREDITORS

Amounts falling due within one year

5,452

43,779

NET CURRENT ASSETS/(LIABILITIES)

27,788

(18,185

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

61,656

18,658

CREDITORS

Amounts falling due after more than one
year

30,000

NET ASSETS

31,656

18,658

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

31,556

18,558

SHAREHOLDERS' FUNDS

31,656

18,658

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2020 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 applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2020 in accordance with Section 444(2A) of the Companies Act 2006.

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 and authorised for issue on 30 September 2021 and were signed on its behalf by:

I.F. Hurford - Director

1.	STATUTORY INFORMATION

Toucies Limited 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2019 - 12 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

COST

At 1 January 2020

and 31 December 2020

53,057

AMORTISATION

At 1 January 2020

17,189

Amortisation for year

2,653

At 31 December 2020

19,842

NET BOOK VALUE

At 31 December 2020

33,215

At 31 December 2019

35,868

5.	TANGIBLE FIXED ASSETS

Totals

COST

At 1 January 2020

and 31 December 2020

2,996

DEPRECIATION

At 1 January 2020

2,021

Charge for year

322

At 31 December 2020

2,343

NET BOOK VALUE

At 31 December 2020

653

At 31 December 2019

975

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2020

2019

value:

Ordinary A

£1.00

Ordinary B

£1.00

100

RESERVES

Retained

earnings

At 1 January 2020

18,558

Profit for the year

14,998

Dividends

(2,000

)

At 31 December 2020

31,556