Abbreviated Company Accounts - TOYMART.COM LIMITED

TOYMART.COM LIMITED - Company Information

03683151 TOYMART.COM LIMITED 2014-12-31 false 2014-01-01 2014-12-31 true 03683151 2014-01-01 2014-12-31 03683151 2014-12-31 03683151 2013-12-31 03683151 uk-gaap-cd-bus:Director1 2014-01-01 2014-12-31 03683151 uk-gaap-cd-bus:Director2 2014-01-01 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-01-01 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-12-31 iso4217:GBP shares

Registered Number 03683151

TOYMART.COM LIMITED

Abbreviated Accounts

31 December 2014

TOYMART.COM LIMITED Registered Number 03683151

Abbreviated Balance Sheet as at 31 December 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	15,490	7,535
		15,490	7,535
Current assets
Stocks		24,500	21,000
Debtors		245	2,150
Cash at bank and in hand		1,765	-
		26,510	23,150
Creditors: amounts falling due within one year		(219,599)	(211,582)
Net current assets (liabilities)		(193,089)	(188,432)
Total assets less current liabilities		(177,599)	(180,897)
Creditors: amounts falling due after more than one year		(10,321)	-
Total net assets (liabilities)		(187,920)	(180,897)
Capital and reserves
Called up share capital	3	2,000	2,000
Share premium account		99,750	99,750
Profit and loss account		(289,670)	(282,647)
Shareholders' funds		(187,920)	(180,897)

For the year ending 31 December 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 29 September 2015

And signed on their behalf by:
AH Latham, Director

TOYMART.COM LIMITED Registered Number 03683151

Notes to the Abbreviated Accounts for the period ended 31 December 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers

Tangible assets depreciation policy
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value,over their expected useful economic life as follows:
Asset class Depreciation method and rate
Motor vehicles 25% straight line
Fixtures and fittings 25% straight line

Valuation information and policy
Stock is valued at the lower of cost or net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Other accounting policies
Rentals payable under operating leases are charged in the profit and loss account on a reducing balance basis over the lease term.

2Tangible fixed assets

	£
Cost
At 1 January 2014	58,049
Additions	18,922
Disposals	(7,366)
Revaluations	-
Transfers	-
At 31 December 2014	69,605
Depreciation
At 1 January 2014	50,514
Charge for the year	5,584
On disposals	(1,983)
At 31 December 2014	54,115
Net book values
At 31 December 2014	15,490
At 31 December 2013	7,535

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
2,000 Ordinary shares of £1 each	2,000	2,000