Mark Toma & Co Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: SC319795 (Scotland)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2016

FOR

MARK TOMA & CO LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

M Toma

SECRETARY:

Mrs E Toma

REGISTERED OFFICE:

48 Nithsdale Road

Glasgow

G41 2AN

REGISTERED NUMBER:

SC319795 (Scotland)

FIXED ASSETS

Intangible assets

2

40,215

58,192

Tangible assets

3

1,642

2,770

41,857

60,962

CURRENT ASSETS

Debtors

22,268

20,816

Cash at bank

3,218

4,829

25,486

25,645

CREDITORS

Amounts falling due within one year

42,077

40,382

NET CURRENT LIABILITIES

(16,591

)

(14,737

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

25,266

46,225

CREDITORS

Amounts falling due after more than one
year

-

36,087

NET ASSETS

25,266

10,138

CAPITAL AND RESERVES

Called up share capital

4

120

Share premium

9,990

Profit and loss account

15,156

28

SHAREHOLDERS' FUNDS

25,266

10,138

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 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 19 April 2016 and were signed by:

M Toma - Director

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 January 2015).

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of businesses in 2008 and 2015, 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 each asset over its estimated useful life.

Plant and machinery etc

-

25% on cost

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.

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.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

179,765

AMORTISATION

At 1 April 2015

121,573

Amortisation for year

17,977

At 31 March 2016

139,550

NET BOOK VALUE

At 31 March 2016

40,215

At 31 March 2015

58,192

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

12,555

DEPRECIATION

At 1 April 2015

9,785

Charge for year

1,128

At 31 March 2016

10,913

NET BOOK VALUE

At 31 March 2016

1,642

At 31 March 2015

2,770

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

100

A Ordinary

£1

100

10

B Ordinary

£1

10

C Ordinary

£1

10

120

The B and C Ordinary shares carry no voting rights.

5.	ULTIMATE PARENT COMPANY

Mark Toma (Holdings) Limited is regarded by the director as being the company's ultimate parent company.

6.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included in note 8 to the accounts are amounts due to the director.