T.o.l.c. Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 03766191 (England and Wales)

Financial Statements

for the Year Ended 31st May 2017

for

T.o.l.c. Limited

Trading as

Signs and Graphics etc.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs S A Elvin

M Elvin

SECRETARY:

M Elvin

REGISTERED OFFICE:

Seaton Garage

Seaton Road

Hornsea

East Yorkshire

HU11 5RQ

REGISTERED NUMBER:

03766191 (England and Wales)

ACCOUNTANTS:

cbaSadofskys

Chartered Accountants

Princes House

Wright Street

Hull

East Yorkshire

HU2 8HX

FIXED ASSETS

Tangible assets

4

17,016

16,268

CURRENT ASSETS

Stocks

1,500

3,276

Debtors

5

14,248

14,225

Cash at bank and in hand

32,169

30,234

47,917

47,735

CREDITORS

Amounts falling due within one year

6

54,301

54,942

NET CURRENT LIABILITIES

(6,384

)

(7,207

)

TOTAL ASSETS LESS CURRENT LIABILITIES

10,632

9,061

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

10,630

9,059

SHAREHOLDERS' FUNDS

10,632

9,061

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2017 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 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 Board of Directors on 18th February 2018 and were signed on its behalf by:

M Elvin - Director

1.	STATUTORY INFORMATION

T.o.l.c. 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% 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.

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

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1st June 2016

38,718

4,301

3,639

30,718

77,376

Additions

1,900

578

-

2,180

4,658

At 31st May 2017

40,618

4,879

3,639

32,898

82,034

DEPRECIATION

At 1st June 2016

26,935

3,969

3,212

26,992

61,108

Charge for year

2,487

105

106

1,212

3,910

At 31st May 2017

29,422

4,074

3,318

28,204

65,018

NET BOOK VALUE

At 31st May 2017

11,196

805

321

4,694

17,016

At 31st May 2016

11,783

332

427

3,726

16,268

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

13,156

13,402

VAT

1,092

823

14,248

14,225

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

118

6,303

Taxation

104

-

Other creditors

2,984

2,713

Directors' current accounts

50,845

45,276

Accrued expenses

250

650

54,301

54,942