Toramax Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 05751397 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2016

for

Toramax Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mr J T Terras

REGISTERED OFFICE:

The Thatched White Cottage

Sill Bridge Lane

Waltham St Lawrence

Berkshire

RG10 0NT

REGISTERED NUMBER:

05751397 (England and Wales)

ACCOUNTANTS:

Wilson Partners Limited

Chartered Accountants

5a Frascati Way

Maidenhead

Berkshire

SL6 4UY

FIXED ASSETS

Tangible assets

2

455

691

CURRENT ASSETS

Debtors

57,190

29

Cash at bank

82,555

85,409

139,745

85,438

CREDITORS

Amounts falling due within one year

(139,847

)

(71,164

)

NET CURRENT (LIABILITIES)/ASSETS

(102

)

14,274

TOTAL ASSETS LESS CURRENT
LIABILITIES

353

14,965

CAPITAL AND RESERVES

Called up share capital

3

5

Profit and loss account

348

14,960

SHAREHOLDERS' FUNDS

353

14,965

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 8 September 2016 and were signed by:

Mr J T Terras - 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 the value of services provided under contracts to the extent that there is a right

to consideration and is recorded at the value of consideration due.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

50% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed

at the balance sheet date, where transactions or events that result in an obligation to pay more or a

right to pay less tax in the future have occurred by the balance sheet date with certain limited

exceptions.

Deferred tax is calculated on an undiscounted basis at the tax rates that are expected to apply in the

periods in which the timing differences are expected to reverse, based on tax rates and laws enacted

or substantively enacted at the balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

10,442

DEPRECIATION

At 1 April 2015

9,751

Charge for year

236

At 31 March 2016

9,987

NET BOOK VALUE

At 31 March 2016

455

At 31 March 2015

691

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

5

Ordinary

£1

5