Abbreviated Company Accounts - TORBETH HOLDINGS LIMITED

TORBETH HOLDINGS LIMITED - Company Information

04635072 TORBETH HOLDINGS LIMITED 2015-11-30 false 2014-06-01 2015-11-30 true 04635072 2014-06-01 2015-11-30 04635072 2015-11-30 04635072 2014-05-31 04635072 uk-gaap-cd-bus:Director1 2014-06-01 2015-11-30 04635072 uk-gaap-cd-bus:Director2 2014-06-01 2015-11-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-06-01 2015-11-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-11-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-05-31 iso4217:GBP shares

Registered Number 04635072

TORBETH HOLDINGS LIMITED

Abbreviated Accounts

30 November 2015

TORBETH HOLDINGS LIMITED Registered Number 04635072

Abbreviated Balance Sheet as at 30 November 2015

	Notes	30/11/2015	31/05/2014
		£	£
Fixed assets
Tangible assets	2	6,578	8,346
		6,578	8,346
Current assets
Stocks		806,251	1,740,476
Debtors		166,125	12,176
Cash at bank and in hand		8,374	19,303
		980,750	1,771,955
Creditors: amounts falling due within one year		(966,715)	(1,628,016)
Net current assets (liabilities)		14,035	143,939
Total assets less current liabilities		20,613	152,285
Creditors: amounts falling due after more than one year		-	(150,000)
Total net assets (liabilities)		20,613	2,285
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		20,513	2,185
Shareholders' funds		20,613	2,285

For the year ending 30 November 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 17 August 2016

And signed on their behalf by:
R J Capsey, Director

TORBETH HOLDINGS LIMITED Registered Number 04635072

Notes to the Abbreviated Accounts for the period ended 30 November 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective January 2015.

Turnover policy
Turnover represents net invoiced sales, adjusted for work in progress and share of joint venture income, excluding Value Added Tax.

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Fixtures and fittings - 10% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Valuation information and policy
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads

2Tangible fixed assets

	£
Cost
At 1 June 2014	30,531
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 November 2015	30,531
Depreciation
At 1 June 2014	22,185
Charge for the year	1,768
On disposals	-
At 30 November 2015	23,953
Net book values
At 30 November 2015	6,578
At 31 May 2014	8,346

3Called Up Share Capital
Allotted, called up and fully paid:

	30/11/2015 £	31/05/2014 £
100 Ordinary shares of £1 each	100	100