TONI_&_GUY_(DONCASTER)_LI - Accounts

TONI & GUY (DONCASTER) LIMITED - Company Information

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Company Registration No. 03768947 (England and Wales)

TONI & GUY (DONCASTER) LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2016

TONI & GUY (DONCASTER) LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

TONI & GUY (DONCASTER) LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 AUGUST 2016

- 1 -

2016

2015

Notes

Fixed assets

Intangible assets

5,861

Tangible assets

2,365

3,416

8,226

3,416

Current assets

Stocks

3,551

Debtors

23,309

22,472

26,860

26,023

Creditors: amounts falling due within one year

(297,479)

(229,128)

Net current liabilities

(270,619)

(203,105)

Total assets less current liabilities

(262,393)

(199,689)

Creditors: amounts falling due after more than one year

(4,187)

(8,088)

(266,580)

(207,777)

Capital and reserves

Called up share capital

20,000

Profit and loss account

(286,580)

(227,777)

Shareholders' funds

(266,580)

(207,777)

For the financial year ended 31 August 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 9 May 2017

G P Maxwell - Hayden

Director

Company Registration No. 03768947

TONI & GUY (DONCASTER) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

The company has taken advantage of the exemption from the requirement to produce a cash flow statement on the grounds that it is a small company.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Legal Fees

Legal fees are written off in equal annual instalments over its estimated useful economic life.

1.5

Franchise costs

Franchise costs are valued at cost less accumulated amortisation. Amortisation is calculated to write off the cost in equal annual instalments over the period of the franchise.

1.6

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery

20% per annum

Fixtures, fittings & equipment

20% & 33% straight line per annum

1.7

Leasing

Rentals payable under operating leases are charged against income on a straight line basis over the lease term. Where a lease premium is paid the premium is amortised over the life of the lease.

1.8

Stock

Stock is valued at the lower of cost and net realisable value and based on the director's estimate.

1.9

Deferred taxation

Deferred tax is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

1.10

Going concern

The company meets its day to day working capital requirements through an overdraft facility, a short term loan and extended related party supplier credit if needed. The overdraft facility is repayable on demand. The director considers that it is appropriate to prepare the financial statements on a going concern basis as he expects the company to be able to continue to trade within the facilities made available.

TONI & GUY (DONCASTER) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2016

- 3 -

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 September 2015

6,995

107,300

114,295

Additions

10,342

Disposals

(6,995)

At 31 August 2016

10,342

107,300

117,642

Depreciation

At 1 September 2015

6,995

103,884

110,879

On disposals

(6,995)

Charge for the year

4,481

1,051

5,532

At 31 August 2016

4,481

104,935

109,416

Net book value

At 31 August 2016

5,861

2,365

8,226

At 31 August 2015

3,416

Creditors: amounts falling due within one year

The aggregate amount of creditors for which security has been given amounted to £4,000 (2015 - £4,000).

Creditors: amounts falling due after more than one year

The aggregate amount of creditors for which security has been given amounted to £0 (2015 - £8,088).

Share capital

2016

2015

Allotted, called up and fully paid

5,200 Ordinary 'A' shares of £1 each

5,200

14,800 Ordinary 'B' shares of £1 each

14,800

20,000