Abbreviated Company Accounts - TOFFEE LIMITED

04540988 TOFFEE LIMITED 2016-07-31 false 2015-08-01 2016-07-31 true 04540988 2015-08-01 2016-07-31 04540988 2016-07-31 04540988 2015-07-31 04540988 uk-gaap-cd-bus:Director1 2015-08-01 2016-07-31 04540988 uk-gaap-cd-bus:Director2 2015-08-01 2016-07-31 uk-gaap-cd-bus:Director3 2015-08-01 2016-07-31 uk-gaap-cd-bus:Director3 2016-07-31 uk-gaap-cd-bus:Director3 2015-07-31 iso4217:GBP shares

Registered Number 04540988

TOFFEE LIMITED

Abbreviated Accounts

31 July 2016

TOFFEE LIMITED Registered Number 04540988

Abbreviated Balance Sheet as at 31 July 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	817,871	810,764
		817,871	810,764
Current assets
Stocks		155	40
Debtors		848	457
Cash at bank and in hand		4,037	19,774
		5,040	20,271
Creditors: amounts falling due within one year		(12,120)	(5,408)
Net current assets (liabilities)		(7,080)	14,863
Total assets less current liabilities		810,791	825,627
Creditors: amounts falling due after more than one year		(890,867)	(922,343)
Total net assets (liabilities)		(80,076)	(96,716)
Capital and reserves
Called up share capital		2	2
Revaluation reserve		574	574
Profit and loss account		(80,652)	(97,292)
Shareholders' funds		(80,076)	(96,716)

For the year ending 31 July 2016 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 21 October 2016

And signed on their behalf by:
Andrew HIndle, Director

TOFFEE LIMITED Registered Number 04540988

Notes to the Abbreviated Accounts for the period ended 31 July 2016

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 the value, net of value added tax and discounts, of goods provided to customers and the value of amounts receivable by the company in respect of rental income.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. Plant & machinery 15% reducing balance.

Valuation information and policy
Stock is valued at the lower of cost and net realisable value.

2Tangible fixed assets

	£
Cost
At 1 August 2015	866,996
Additions	10,260
Disposals	-
Revaluations	-
Transfers	-
At 31 July 2016	877,256
Depreciation
At 1 August 2015	56,232
Charge for the year	3,153
On disposals	-
At 31 July 2016	59,385
Net book values
At 31 July 2016	817,871
At 31 July 2015	810,764

3Transactions with directors

Name of director receiving advance or credit:	Mrs M Hindle
Description of the transaction:	Director's loan, The loan is interest free and payable on demand.
Balance at 1 August 2015:	£ 836,942
Advances or credits made:	-
Advances or credits repaid:	£ 20,001
Balance at 31 July 2016:	£ 816,941

Toffee Limited leases the property to Infrastrata PLC, a company of which A Hindle is a director and shareholder. A fair market rent was paid during the period.

Ultimate controlling party. The company is under the control of the directors.