TorchlightGroup Ltd - Limited company - abbreviated - 11.9
TorchlightGroup Ltd - Limited company - abbreviated - 11.9
| REGISTERED NUMBER: |
| ABBREVIATED UNAUDITED ACCOUNTS |
| FOR THE YEAR ENDED 30 JUNE 2015 |
| FOR |
| TORCHLIGHTGROUP LTD |
| TORCHLIGHTGROUP LTD (REGISTERED NUMBER: 07672340) |
| CONTENTS OF THE ABBREVIATED ACCOUNTS |
| for the Year Ended 30 June 2015 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| TORCHLIGHTGROUP LTD |
| COMPANY INFORMATION |
| for the Year Ended 30 June 2015 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| TORCHLIGHTGROUP LTD (REGISTERED NUMBER: 07672340) |
| ABBREVIATED BALANCE SHEET |
| 30 June 2015 |
| 30.6.15 | 30.6.14 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| Investments | 3 |
| CURRENT ASSETS |
| Work in Progress |
| Debtors |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 4 |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| 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. |
| TORCHLIGHTGROUP LTD (REGISTERED NUMBER: 07672340) |
| ABBREVIATED BALANCE SHEET - continued |
| 30 June 2015 |
| The financial statements were approved by the Board of Directors on |
| TORCHLIGHTGROUP LTD (REGISTERED NUMBER: 07672340) |
| NOTES TO THE ABBREVIATED ACCOUNTS |
| for the Year Ended 30 June 2015 |
| 1. | ACCOUNTING POLICIES |
| 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). |
| Turnover |
| Turnover represents net invoiced sales of goods and services, excluding value added tax. |
| Tangible fixed assets |
| Office Equipment | - |
| Work in progress |
| Work in progress is recognised on contracts where costs have been incurred but the corresponding turnover has |
| not yet been recognised in the profit & loss account. Work in progress is valued at the lower of cost and net |
| realisable value. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
| sheet date. |
| Foreign currencies |
| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the |
| balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at |
| the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
| Operating lease 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. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension |
| scheme are charged to the profit and loss account in the period to which they relate. |
| Fixed asset investments are held at historical cost. |
| Government grants |
| Government grants of a revenue nature are credited to income so as to match them with the expenditure to which |
| they relate. |
| TORCHLIGHTGROUP LTD (REGISTERED NUMBER: 07672340) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| for the Year Ended 30 June 2015 |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 July 2014 |
| Additions |
| Disposals | ( |
) |
| At 30 June 2015 |
| DEPRECIATION |
| At 1 July 2014 |
| Charge for year |
| Eliminated on disposal | ( |
) |
| At 30 June 2015 |
| NET BOOK VALUE |
| At 30 June 2015 |
| At 30 June 2014 |
| 3. | FIXED ASSET INVESTMENTS |
| Investments |
| other |
| than |
| loans |
| £ |
| COST |
| At 1 July 2014 |
| Additions |
| At 30 June 2015 |
| NET BOOK VALUE |
| At 30 June 2015 |
| At 30 June 2014 |
| The company's investments at the Balance Sheet date in the share capital of companies include the following: |
| Subsidiaries |
| Nature of business: |
| % |
| Class of shares: | holding |
| Ordinary | 100.00 |
| Nature of business: |
| % |
| Class of shares: | holding |
| Ordinary | 100.00 |
| TORCHLIGHTGROUP LTD (REGISTERED NUMBER: 07672340) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| for the Year Ended 30 June 2015 |
| 3. | FIXED ASSET INVESTMENTS - continued |
| Nature of business: |
| % |
| Class of shares: | holding |
| Ordinary | 100.00 |
| Associated company |
| Nature of business: |
| % |
| Class of shares: | holding |
| 30.4.15 | 30.4.14 |
| £ | £ |
| Aggregate capital and reserves | (105,646 | ) | (88,167 | ) |
| Loss for the year | (17,529 | ) | (59,100 | ) |
| 4. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Class: | 30.6.15 | 30.6.14 |
| No | £ | No | £ |
| Ordinary A Shares of 1p each | 7,500 | 75 | 211,500 | 2,115 |
| Ordinary B Shares of 1p each | 7,500 | 75 | 211,500 | 2,115 |
| Ordinary C Shares of 1p each | 7,500 | 75 | 211,500 | 2,115 |
| Ordinary D Shares of 1p each | 7,500 | 75 | 115,500 | 1,115 |
| 30,000 | 300 | 750,000 | 7,500 |
| During the year, 204,000 Ordinary A shares, 204,000 Ordinary B shares, 204,000 Ordinary C shares and |
| 108,000 Ordinary D shares were cancelled. |
| 5. | DIRECTORS' ADVANCES AND CREDITS |
| The following advances and credits to directors subsisted during the years ended 30 June 2015 and |
| 30 June 2014: |
| 30.6.15 | 30.6.14 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Balance outstanding at end of year |
| Balance outstanding at start of year | ( |
) |
| Amounts advanced |
| Amounts repaid | ( |
) |
| Balance outstanding at end of year |
| TORCHLIGHTGROUP LTD (REGISTERED NUMBER: 07672340) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| for the Year Ended 30 June 2015 |
| 5. | DIRECTORS' ADVANCES AND CREDITS - continued |
| Balance outstanding at start of year | ( |
) |
| Amounts advanced |
| Amounts repaid | ( |
) |
| Balance outstanding at end of year |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) |
| Balance outstanding at end of year |
| The above balances are included in the balance sheet under the heading "Other debtors". |
| These loan balances are not interest bearing. |