Tomo Motor Group Limited - Accounts

TOMO MOTOR GROUP LTD - Company Information

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Registered Number : 09519940

England and Wales

TOMO MOTOR GROUP LIMITED

Financial Statements

Period of accounts

Start date: 01 April 2016

End date: 31 March 2017

Tomo Motor Group Limited
Contents Page
For the year ended 31 March 2017

Company Information
Directors' Report
Accountants' Report
Statement of Financial Position
Notes to the Financial Statements

Tomo Motor Group Limited
Company Information
For the year ended 31 March 2017

Directors	Darren Perkins Dean Perkins
Registered Number	09519940
Registered Office	Unit 1 Tomo Industrial Estate Packet Boat Lane Uxbridge Middlesex UB8 2JP
Accountants	Allazo Ltd 2 Claridge Court Lower Kings Road Berkhamsted Hertfordshire HP4 2AF

Tomo Motor Group Limited
Directors' Report
For the year ended 31 March 2017

The directors present their report and accounts for the year ended 31 March 2017.

Principal activities

Principal activity of the company during the financial year was of a holding company.

Directors
The directors who served the company throughout the year were as follows:

Darren Perkins

Dean Perkins

Statement of director's responsibilities

The directors are responsible for preparing the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102 and applicable law). The financial statements are required by law to give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The directors at the date of approval of this report each confirm that:
- so far as the directors are aware, there is no relevant information of which the company’s auditor is unaware; and
- the directors have taken all the steps that they ought to have taken in order to make themselves aware of any relevant audit information and to establish that the company’s auditor is aware of that information.

Signed on behalf of the board

----------------------------------
Dean Perkins
Director

Date approved: 14 December 2017

Tomo Motor Group Limited Accountants' Report For the year ended 31 March 2017
In order to assist you to fulfil your duties under Companies Act 2006, we have prepared for your approval the accounts of Tomo Motor Group Limited for the year ended 31 March 2017 which comprise the Statement of Comprehensive Income, the Statement of Financial Position, the Statement of Changes in Equity, the Statement of Cash Flows and related notes from the company's accounting records and from information and explanations you have given us. As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com. This report is made solely to the member of Tomo Motor Group Limited, as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of Tomo Motor Group Limited and state those matters that we have agreed to state to the Board ofs of Tomo Motor Group Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants and as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Tomo Motor Group Limited and its members as a body for our work or for this report. It is your duty to ensure that Tomo Motor Group Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and Profit of Tomo Motor Group Limited. You consider that Tomo Motor Group Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the accounts of Tomo Motor Group Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts. .................................................... Allazo Ltd 2 Claridge Court Lower Kings Road Berkhamsted Hertfordshire HP4 2AF 14 December 2017 3

Tomo Motor Group Limited
Accountants' Report
For the year ended 31 March 2017

In order to assist you to fulfil your duties under Companies Act 2006, we have prepared for your approval the accounts of Tomo Motor Group Limited for the year ended 31 March 2017 which comprise the Statement of Comprehensive Income, the Statement of Financial Position, the Statement of Changes in Equity, the Statement of Cash Flows and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com.

This report is made solely to the member of Tomo Motor Group Limited, as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of Tomo Motor Group Limited and state those matters that we have agreed to state to the Board ofs of Tomo Motor Group Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants and as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Tomo Motor Group Limited and its members as a body for our work or for this report.

It is your duty to ensure that Tomo Motor Group Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and Profit of Tomo Motor Group Limited. You consider that Tomo Motor Group Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Tomo Motor Group Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

....................................................
Allazo Ltd
2 Claridge Court
Lower Kings Road
Berkhamsted
Hertfordshire
HP4 2AF
14 December 2017

Registered Number: 09519940 Tomo Motor Group Limited
Statement of Financial Position
As at 31 March 2017

	Notes	2017 £	2016 £
Fixed assets
Investments	2	77,000	77,000
		77,000	77,000
Current assets
Debtors	3	151,551	89,678
Cash at bank and in hand		970	5,000
		152,521	94,678
Creditors: amount falling due within one year	4	(190,831)	(126,558)
Net current assets		(38,310)	(31,880)

Total assets less current liabilities		38,690	45,120
Net assets		38,690	45,120

Capital and reserves
Called up share capital	5	120	120
Profit and loss account		38,570	45,000
Shareholders funds		38,690	45,120

For the year ended 31 March 2017 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 accounts for the year in question in accordance with section 476
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts

These accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The directors have elected not to include the profit and loss account within the financial statements.

Signed on behalf of the board of directors

--------------------------------
Darren Perkins
Director

Date approved by the board: 14 December 2017

Tomo Motor Group Limited
Notes to the Financial Statements
For the year ended 31 March 2017

Statutory Information

Tomo Motor Group Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number 09519940.

The presentation currency is £ sterling.

Accounting Policies

Basis of accounting

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 on the historical cost basis except for the modification to a fair value basis for certain financial instruments as specified in the accounting policies below.

This is the first year in which the financial statements have been prepared under FRS 102. As
per note 9 there have not been any material changes in accounting policy or estimation techniques.

The company has taken advantage of the following disclosure exemptions with FRS 102
Section 1A:

The requirement to present a statement of cash flows and related notes
Financial instrument disclosures, including; categories of financial instruments, Items of income, expenses, gains or losses relating to financial instruments, and exposure to and management of financial risks

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting
Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Group consolidation

The company has qualified for and utilised exemption from preparing consolidated accounts under the small group regime.

Revenue

Revenue is measured at the fair value of the consideration received or receivable from income generated from investments in subsidiaries. Income is derived from dividends paid from reserves from the subsidiary companies.

Fixed asset investments

Fixed asset investments are stated at cost less provision for any permanent diminution in value.

Investments

Cost or Valuation	Investments in group undertakings	Total
	£	£
At 01 April 2016	77,000	77,000
Additions	-	-
Disposals	-	-
At 31 March 2017	77,000	77,000

Shares in Group Undertakings

Included in the total share value of £77,000 are the following holdings in subsidiary undertakings:

Tomo Parts Ltd

Nature of business: Sale of motor parts

Shares held: 1,000 Ordinary being 100% holding

Aggregate capital and reserves: £102,101 (2016, £122,779)

Profit for the year: £16,322 (2016, £20,730)

Tomo Motor Parts Ltd

Nature of business: Sale of motor parts

Shares held: 1,000 Ordinary being 100% holding

Aggregate capital and reserves: £1.134.800 (2016, £641,617)

Profit for the year: £605,683 (2016, £103,698)

Tomo Prestige Ltd

Nature of business: Sale of motor parts

Shares held: 75,000 Ordinary being 100% holding

Aggregate capital and reserves: £177,820 (2016, £238,052)

Profit for the year: (£20,732) (2016, £77,759)

All subsidiaries prepare accounts to the same period end.

Debtors: amounts falling due within one year

	2017 £		2016 £
Amount Owed by Group Undertakings	151,551		89,678
	151,551		89,678

Creditors: amount falling due within one year

	2017 £	2016 £
Amounts Owed to Group Undertakings	184,433	106,611
Accrued Expenses	2,400	-
Directors' Current Accounts	3,998	19,947
	190,831	126,558

Share Capital

Allotted	2017 £	2016 £
100 Ordinary shares of £1.00 each	100	100
20 Ordinary A shares of £1.00 each	20	20
	120	120

6.	Transition to FRS 102 The policies applied under the entities previous accounting framework are not materially different to FRS102 and have not impacted on equity or profit and loss.

7.	Ultimate control The company was under the control of its directors.