TWL Voice And Data Limited - Abbreviated accounts 16.1
TWL Voice And Data Limited - Abbreviated accounts 16.1
| DRAFT |
| REGISTERED NUMBER: |
| TWL VOICE AND DATA LIMITED |
| ABBREVIATED UNAUDITED ACCOUNTS |
| FOR THE YEAR ENDED 31 OCTOBER 2015 |
| TWL VOICE AND DATA LIMITED (REGISTERED NUMBER: 04914909) |
| CONTENTS OF THE ABBREVIATED ACCOUNTS |
| for the Year Ended 31 October 2015 |
| DRAFT |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| TWL VOICE AND DATA LIMITED |
| COMPANY INFORMATION |
| for the Year Ended 31 October 2015 |
| DRAFT |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| TWL VOICE AND DATA LIMITED (REGISTERED NUMBER: 04914909) |
| ABBREVIATED BALANCE SHEET |
| 31 October 2015 |
| 31.10.15 | 31.10.14 |
| Notes | £ | £ |
| DRAFT |
| FIXED ASSETS |
| Intangible assets | 2 |
| Tangible assets | 3 |
| Investments | 4 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 5 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 6 | ( |
) | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
6 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 7 |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| 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. |
| TWL VOICE AND DATA LIMITED (REGISTERED NUMBER: 04914909) |
| ABBREVIATED BALANCE SHEET - continued |
| 31 October 2015 |
| DRAFT |
| The financial statements were approved by the director on |
| TWL VOICE AND DATA LIMITED (REGISTERED NUMBER: 04914909) |
| NOTES TO THE ABBREVIATED ACCOUNTS |
| for the Year Ended 31 October 2015 |
| DRAFT |
| 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, excluding value added tax, except in respect of service contracts |
| where turnover is recognised when the company obtains the right to consideration. |
| Goodwill |
| Other intangible assets |
| Intangible assets relate to the acquisition in previous periods of the economic risks and rewards of two separate |
| third party customer bases. These assets are being amortised over their expected useful lives of two years and |
| five year respectively. |
| Tangible fixed assets |
| Plant and machinery etc | - |
| 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. The assets of the scheme are held separately from |
| those of the company in an independently administered fund. The pension cost charge represents contributions |
| payable by the company to the fund and amounted to £3,988 (2014 - £3,798). |
| TWL VOICE AND DATA LIMITED (REGISTERED NUMBER: 04914909) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| for the Year Ended 31 October 2015 |
| DRAFT |
| 2. | INTANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 November 2014 |
| Additions |
| At 31 October 2015 |
| AMORTISATION |
| At 1 November 2014 |
| Amortisation for year |
| At 31 October 2015 |
| NET BOOK VALUE |
| At 31 October 2015 |
| At 31 October 2014 |
| 3. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 November 2014 |
| Additions |
| Transfer to ownership | 5,983 |
| At 31 October 2015 |
| DEPRECIATION |
| At 1 November 2014 |
| Charge for year |
| Transfer to ownership | 5,233 |
| At 31 October 2015 |
| NET BOOK VALUE |
| At 31 October 2015 |
| At 31 October 2014 |
| 4. | FIXED ASSET INVESTMENTS |
| Investments |
| other |
| than |
| loans |
| £ |
| COST |
| Additions | 100 |
| At 31 October 2015 | 100 |
| NET BOOK VALUE |
| At 31 October 2015 |
| TWL VOICE AND DATA LIMITED (REGISTERED NUMBER: 04914909) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| for the Year Ended 31 October 2015 |
| 4. | FIXED ASSET INVESTMENTS - continued |
| DRAFT |
| The company's investments at the Balance Sheet date in the share capital of companies include the following: |
| Nature of business: |
| % |
| Class of shares: | holding |
| Ordinary | 100.00 |
| £ |
| Aggregate capital and reserves | 41,596 |
| Loss for the period/year | (3,503 | ) |
| 5. | DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| The aggregate total of debtors falling due after more than one year is £ |
| 6. | CREDITORS |
| Creditors include an amount of £ |
| 7. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31.10.15 | 31.10.14 |
| value: | £ | £ |
| A Ordinary | £1 |
| B Ordinary | £1 |
| 2 | 2 |
| 8. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to a director subsisted during the years ended 31 October 2015 and |
| 31 October 2014: |
| 31.10.15 | 31.10.14 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Balance outstanding at end of year |
| Dividends of £50,000 were paid to the director Mr A Nicholson during the year. |