TOVA_DIAMONDS_LIMITED - Accounts

TOVA DIAMONDS LIMITED - Company Information

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Company Registration No. 07082574 (England and Wales)

TOVA DIAMONDS LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2014

Richard Anthony

Chartered Accountants

TOVA DIAMONDS LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

TOVA DIAMONDS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 DECEMBER 2014

- 1 -

2014

2013

Notes

Current assets

Stocks

75,000

23,598

Debtors

284,694

7,601

Cash at bank and in hand

72,764

432,458

31,199

Creditors: amounts falling due within one year

(349,459)

(31,802)

Total assets less current liabilities

82,999

(603)

Capital and reserves

Called up share capital

Profit and loss account

82,997

(604)

Shareholders' funds

82,999

(603)

For the financial year ended 31 December 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 1 March 2016

T Kormind

V Weinig

Director

Company Registration No. 07082574

TOVA DIAMONDS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2014

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The financial statements have been prepared on a going concern basis and should the company be unable to continue trading, adjustments would have to be made to reduce the value of assets to their recoverable amounts and to provide for further liabilities which might arise.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

Share capital

2014

2013

Allotted, called up and fully paid

2 Ordinary shares of £1 each