T.o.l.c. Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 03766191

Abbreviated Accounts

for the Year Ended 31st May 2016

for

T.o.l.c. Limited

Trading as

Signs and Graphics etc.

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mrs S A Elvin

M Elvin

SECRETARY:

M Elvin

REGISTERED OFFICE:

Seaton Garage

Seaton Road

Hornsea

East Yorkshire

HU11 5RQ

REGISTERED NUMBER:

03766191

ACCOUNTANTS:

cbaSadofskys

Chartered Accountants

Princes House

Wright Street

Hull

East Yorkshire

HU2 8HX

FIXED ASSETS

Tangible assets

2

16,268

20,682

CURRENT ASSETS

Stocks

3,276

3,276

Debtors

14,225

11,502

Cash at bank and in hand

30,234

14,652

47,735

29,430

CREDITORS

Amounts falling due within one year

54,942

49,194

NET CURRENT LIABILITIES

(7,207

)

(19,764

)

TOTAL ASSETS LESS CURRENT LIABILITIES

9,061

918

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

9,059

916

SHAREHOLDERS' FUNDS

9,061

918

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2016 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 9th February 2017 and were signed on its behalf by:

M Elvin - 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.

Tangible fixed assets

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

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% 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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st June 2015

and 31st May 2016

77,376

DEPRECIATION

At 1st June 2015

56,694

Charge for year

4,414

At 31st May 2016

61,108

NET BOOK VALUE

At 31st May 2016

16,268

At 31st May 2015

20,682

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

2

Ordinary

£1

2

2