Company Registration No. 06843146 (England and Wales)
Touch2View Limited
Unaudited Financial Statements
for the year ended 31 March 2017
Touch2View Limited
Unaudited Financial Statements
Contents
Touch2View Limited
Company Information
for the year ended 31 March 2017
Directors
M Jones
D Church
Company Number
06843146 (England and Wales)
Registered Office
16 Quarter House
Juniper Drive
LONDON
SW18 1GX
ENGLAND
Accountants
Finovium Limited
15 Gallery Court
Gunter Grove
London
SW10 0UJ
Touch2View Limited
Statement of financial position
as at 31 March 2017
Tangible assets
76,017
77,451
Cash at bank and in hand
94,953
76,353
Creditors: amounts falling due within one year
(105,501)
(114,001)
Net current assets/(liabilities)
44,956
(25,875)
Called up share capital
100
100
Profit and loss account
120,873
51,476
Shareholders' funds
120,973
51,576
For the year ending 31 March 2017 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 21 December 2017.
M Jones
Director
Company Registration No. 06843146
Touch2View Limited
Notes to the Accounts
for the year ended 31 March 2017
Touch2View Limited is a private company, limited by shares, registered in England and Wales, registration number 06843146. The registered office is 16 Quarter House, Juniper Drive, LONDON, SW18 1GX, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 March 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% straight line
Fixtures & fittings
20% straight line
Computer equipment
20% straight line
Expenditure on research and development is written off in the year in which it is incurred.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Touch2View Limited
Notes to the Accounts
for the year ended 31 March 2017
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2016
77,451
-
-
77,451
Additions
13,000
602
3,967
17,569
At 31 March 2017
90,451
602
3,967
95,020
Charge for the year
18,090
120
793
19,003
At 31 March 2017
18,090
120
793
19,003
At 31 March 2017
72,361
482
3,174
76,017
At 31 March 2016
77,451
-
-
77,451
Trade debtors
55,404
11,773
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Creditors: amounts falling due within one year
2017
2016
Trade creditors
44,119
24,786
Taxes and social security
35,332
48,968
Other creditors
19,000
34,247
Loans from directors
6,000
6,000
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
8
Average number of employees
During the year the average number of employees was 4 (2016: 4).
