Abbreviated Company Accounts - TOLERANCE INTERNATIONAL LTD

TOLERANCE INTERNATIONAL LTD - Company Information

Registered Number 04947566

TOLERANCE INTERNATIONAL LTD

Abbreviated Accounts

30 September 2016

TOLERANCE INTERNATIONAL LTD Registered Number 04947566

Abbreviated Balance Sheet as at 30 September 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	3	1,081	3,244
		1,081	3,244
Current assets
Debtors		8,187	252
Investments		39,727	29,798
Cash at bank and in hand		6,251	3,514
		54,165	33,564
Creditors: amounts falling due within one year		(21,766)	(31,843)
Net current assets (liabilities)		32,399	1,721
Total assets less current liabilities		33,480	4,965
Total net assets (liabilities)		33,480	4,965
Reserves
Income and expenditure account		33,480	4,965
Members' funds		33,480	4,965

For the year ending 30 September 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 27 June 2017

And signed on their behalf by:
J Jahanshahi, Director

TOLERANCE INTERNATIONAL LTD Registered Number 04947566

Notes to the Abbreviated Accounts for the period ended 30 September 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 April 2008.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year.

Tangible assets depreciation policy
depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Fixtures, fittings and equipment - 25% Straight Line
Motor Vehicles - 25% Straight Line

2Company limited by guarantee
Company is limited by guarantee and consequently does not have share capital.

3Tangible fixed assets

	£
Cost
At 1 October 2015	40,694
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 September 2016	40,694
Depreciation
At 1 October 2015	37,450
Charge for the year	2,163
On disposals	-
At 30 September 2016	39,613
Net book values
At 30 September 2016	1,081
At 30 September 2015	3,244