Toro Risk Solutions - Global Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 09465940 (England and Wales)

TORO RISK SOLUTIONS - GLOBAL LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

P D Connolly

REGISTERED OFFICE:

Morris Crocker

Station House

North Street

Havant

Hampshire

PO9 1QU

REGISTERED NUMBER:

09465940 (England and Wales)

ACCOUNTANTS:

Morris Crocker

Chartered Accountants

Station House

North Street

Havant

Hampshire

PO9 1QU

FIXED ASSETS

Tangible assets

4

2,258

962

CURRENT ASSETS

Debtors

5

26,147

79,683

Cash at bank

51,101

88,773

77,248

168,456

CREDITORS

Amounts falling due within one year

6

19,838

77,527

NET CURRENT ASSETS

57,410

90,929

TOTAL ASSETS LESS CURRENT LIABILITIES

59,668

91,891

PROVISIONS FOR LIABILITIES

429

192

NET ASSETS

59,239

91,699

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

59,139

91,599

SHAREHOLDERS' FUNDS

59,239

91,699

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006.

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

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

The financial statements were approved by the director on 3 December 2017 and were signed by:

P D Connolly - Director

1.	STATUTORY INFORMATION

Toro Risk Solutions - Global 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.

Tangible fixed assets

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

Computer equipment

-

33% on cost

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.

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.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 April 2016

1,496

Additions

2,672

At 31 March 2017

4,168

DEPRECIATION

At 1 April 2016

534

Charge for year

1,376

At 31 March 2017

1,910

NET BOOK VALUE

At 31 March 2017

2,258

At 31 March 2016

962

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

25,290

79,683

Other debtors

857

-

26,147

79,683

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

-

26,287

Taxation and social security

17,470

48,771

Other creditors

2,368

2,469

19,838

77,527

7.	FIRST YEAR ADOPTION

This is the first year in which the financial statements have been prepared under FRS 102. The comparative

prior year amounts have not been restated as no adjustments were necessary.