Toys And Interiors Ltd Small abridged accounts
Toys And Interiors Ltd Small abridged accounts
Statement of Consent to Prepare Abridged Financial Statements |
COMPANY REGISTRATION NUMBER:
06501300
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Abridged Financial Statements |
Year ended 28 February 2017
Contents |
Page |
Director's report |
1 |
Abridged statement of income and retained earnings |
2 |
Abridged statement of financial position |
3 |
Notes to the abridged financial statements |
5 |
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Director's Report |
Year ended 28 February 2017
The director presents his report and the unaudited abridged financial statements of the company for the year ended
28 February 2017
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Director
The director who served the company during the year was as follows:
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Small company provisions
This report was approved by the board of directors on
17 November 2017
and signed on behalf of the board by:
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Director |
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Registered office: |
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Abridged Statement of Income and Retained Earnings |
Year ended 28 February 2017
2017 |
2016 |
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Note |
£ |
£ |
Gross profit |
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Administrative expenses |
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--------- |
--------- |
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Operating (loss)/profit |
(
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--------- |
--------- |
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(Loss)/profit before taxation |
5 |
(
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Tax on (loss)/profit |
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-------- |
-------- |
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(Loss)/profit for the financial year and total comprehensive income |
(
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-------- |
-------- |
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Retained losses at the start of the year |
(
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(
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-------- |
-------- |
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Retained losses at the end of the year |
(
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(
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All the activities of the company are from continuing operations.
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Abridged Statement of Financial Position |
2017 |
2016 |
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Note |
£ |
£ |
Fixed assets
Intangible assets |
6 |
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Tangible assets |
7 |
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-------- |
-------- |
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Current assets
Stocks |
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Debtors |
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Cash at bank and in hand |
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--------- |
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Creditors: amounts falling due within one year |
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--------- |
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Net current assets |
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-------- |
-------- |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
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Provisions |
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-------- |
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Net liabilities |
(
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(
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Capital and reserves
Called up share capital |
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Profit and loss account |
(
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(
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------- |
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Members deficit |
(
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(
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-------- |
------- |
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Director's responsibilities:
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The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements
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Abridged Statement of Financial Position (continued) |
These abridged financial statements were approved by the
board of directors
and authorised for issue on
17 November 2017
, and are signed on behalf of the board by:
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Director |
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Company registration number:
06501300
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Notes to the Abridged Financial Statements |
Year ended 28 February 2017
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit C1 Smeed Dean Centre, Castle Road, Sittingbourne, ME10 3EW.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Revenue recognition
Income tax
Operating leases
Intangible assets
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Intangible assets |
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If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Short leasehold property |
- |
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Plant and machinery |
- |
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Fixtures and fittings |
- |
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Equipment |
- |
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Development costs |
- |
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Impairment of fixed assets
Stocks
Provisions
Financial instruments
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Defined contribution plans
4.
Employee numbers
The average number of persons employed by the company during the year, including the director, amounted to
6
(2016:
6
).
5.
Profit before taxation
(Loss)/profit before taxation is stated after charging:
2017 |
2016 |
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£ |
£ |
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Amortisation of intangible assets |
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Depreciation of tangible assets |
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6.
Intangible assets
£ |
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Cost |
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At 1 March 2016 and 28 February 2017 |
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Amortisation |
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At 1 March 2016 |
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Charge for the year |
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At 28 February 2017 |
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Carrying amount |
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At 28 February 2017 |
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------- |
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At 29 February 2016 |
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7.
Tangible assets
£ |
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Cost |
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At 1 March 2016 |
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Additions |
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Disposals |
(
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-------- |
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At 28 February 2017 |
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Depreciation |
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At 1 March 2016 |
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Charge for the year |
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Disposals |
(
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At 28 February 2017 |
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Carrying amount |
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At 28 February 2017 |
23,854 |
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At 29 February 2016 |
23,155 |
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