Tuco Developments Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 04832668 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 October 2015

for

Tuco Developments Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Alan David Cornish

Gerald Adrian Mathers

SECRETARY:

KT Accountants Ltd

REGISTERED OFFICE:

Unit 23 Gunners Buildings

Limberline Road

Hilsea

Portsmouth

Hampshire

PO3 5BJ

REGISTERED NUMBER:

04832668 (England and Wales)

ACCOUNTANTS:

KT Accountants Limited

Castle Farm Barn North

Denmead Road

Southwick

Hampshire

PO17 6EX

FIXED ASSETS

Intangible assets

2

94,997

126,664

Tangible assets

3

315,439

289,900

410,436

416,564

CURRENT ASSETS

Stocks

13,150

11,250

Debtors

181,524

259,853

Cash at bank

112,535

18,487

307,209

289,590

CREDITORS

Amounts falling due within one year

257,168

251,630

NET CURRENT ASSETS

50,041

37,960

TOTAL ASSETS LESS CURRENT
LIABILITIES

460,477

454,524

CREDITORS

Amounts falling due after more than
one year

4

(18,793

)

(20,404

)

PROVISIONS FOR LIABILITIES

(42,466

)

-

NET ASSETS

399,218

434,120

CAPITAL AND RESERVES

Called up share capital

5

1,000

Share premium

369,000

Profit and loss account

29,218

64,120

SHAREHOLDERS' FUNDS

399,218

434,120

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2015 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 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 Board of Directors on 6 June 2016 and were signed on
its behalf by:

Alan David Cornish - Director

Gerald Adrian Mathers - 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 a business in 2001, is being amortised evenly over its estimated useful life of fifteen years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Long leasehold

-

in accordance with the property

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% 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.

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance

sheet. Those held under hire purchase contracts are depreciated over their estimated useful

lives. Those held under finance leases are depreciated over their estimated useful lives or the

lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the

relevant period. The capital element of the future payments is treated as a liability.

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 November 2014

and 31 October 2015

475,000

AMORTISATION

At 1 November 2014

348,336

Amortisation for year

31,667

At 31 October 2015

380,003

NET BOOK VALUE

At 31 October 2015

94,997

At 31 October 2014

126,664

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2014

674,926

Additions

88,024

At 31 October 2015

762,950

DEPRECIATION

At 1 November 2014

385,026

Charge for year

62,485

At 31 October 2015

447,511

NET BOOK VALUE

At 31 October 2015

315,439

At 31 October 2014

289,900

4.

CREDITORS

Creditors include an amount of £ 0 (31.10.14 - £ 8,516 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.15

31.10.14

value:

£

1,000

Ordinary

£1

1,000