Toucies Limited - Accounts to registrar - small 17.2

Toucies Limited - Accounts to registrar - small 17.2

TOUCIES LIMITED - Company Information

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REGISTERED NUMBER: 08824901 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31 December 2016

for

Toucies Limited

Toucies Limited (Registered number: 08824901)






Contents of the Financial Statements
for the Year Ended 31 December 2016




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Toucies Limited

Company Information
for the Year Ended 31 December 2016







DIRECTORS: I.F. Hurford
Mrs. C.A. Hurford





REGISTERED OFFICE: 14a Albany Road
Weymouth
Dorset
DT4 9TH





REGISTERED NUMBER: 08824901 (England and Wales)





ACCOUNTANTS: Advoco
Chartered Certified Accountants
Chartered Tax Advisers
14a Albany Road
Weymouth
Dorset
DT4 9TH
Page 1
Toucies Limited (Registered number: 08824901)

Abridged Balance Sheet
31 December 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 3 43,827 46,480
Tangible assets 4 1,007 4,365
44,834 50,845

CURRENT ASSETS
Stocks 14,475 15,997
Cash at bank and in hand 2,908 517
17,383 16,514
CREDITORS
Amounts falling due within one
year
60,120
66,618
NET CURRENT LIABILITIES (42,737 ) (50,104 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
2,097
741

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,997 641
SHAREHOLDERS' FUNDS 2,097 741

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 notes form part of these financial statements

Page 2 continued...
Toucies Limited (Registered number: 08824901)

Abridged Balance Sheet - continued
31 December 2016


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2016 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 30 August 2017
and were signed on its behalf by:





I.F. Hurford - Director


The notes form part of these financial statements

Page 3
Toucies Limited (Registered number: 08824901)

Notes to the Financial Statements
for the Year Ended 31 December 2016

1. STATUTORY INFORMATION

Toucies Limited is a private company, limited by shares , registered in
England and Wales. The company's registered number and registered office
address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or
receivable, excluding discounts, rebates, value added tax and other sales
taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition,
intangible assets are measured at cost less any accumulated amortisation and
any accumulated impairment losses.

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 - 15% on reducing balance
Computer equipment - 33% 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised
in the Income Statement, except to the extent that it relates to items
recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates
and laws that have been enacted or substantively enacted by the balance sheet
date.


Page 4 continued...
Toucies Limited (Registered number: 08824901)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2016

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have
originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax
assessments in periods different from those in which they are recognised in
financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are
expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to
the extent that it is probable that they will be recovered against the
reversal of deferred tax liabilities or other future taxable profits.

3. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2016
and 31 December 2016 53,057
AMORTISATION
At 1 January 2016 6,577
Amortisation for year 2,653
At 31 December 2016 9,230
NET BOOK VALUE

At 31 December 2016 43,827
At 31 December 2015 46,480

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2016 5,600
Additions 1,501
Disposals (5,599 )
At 31 December 2016 1,502
DEPRECIATION
At 1 January 2016 1,235
Charge for year 495
Eliminated on disposal (1,235 )
At 31 December 2016 495
NET BOOK VALUE
At 31 December 2016 1,007
At 31 December 2015 4,365

Page 5