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TOUTES DIRECTIONS LIMITED - Company Information

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Toutes Directions Limited

Registered Number:05389942

For the year ended 31 March 2018

England and Wales

Unaudited Financial Statements

For the year ended 31 March 2018

Toutes Directions Limited

Contents Page

Statement of Financial Position

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Notes to the Financial Statements

As at 31 March 2018

Toutes Directions Limited

Statement of Financial Position

Registered Number :

05389942

2017

2018

Notes

Fixed assets

Property, plant and equipment

922,937

718,606

922,937

718,606

Current assets

Trade and other receivables

204,292

300,144

148,318

Cash and cash equivalents

97,844

397,988

352,610

Trade and other payables: amounts falling due within one

year

(290,039)

(363,125)

62,571

34,863

Net current assets

Total assets less current liabilities

957,800

781,177

Trade and other payables: amounts falling due after more

than one year

(337,923)

(374,155)

(73,200)

(51,500)

Provisions for liabilities

510,445

Net assets

391,754

Capital and reserves

Called up share capital

500

Retained earnings

509,945

391,254

510,445

391,754

Shareholders' funds

For the year ended 31 March 2018 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 of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006

The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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.

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

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.

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For the year ended 31 March 2018

Toutes Directions Limited

Statement of Financial Position Continued

Mr M. Harrison Director

These financial statements were approved and authorised for issue by the Board on 12 November 2018 and were signed by:

The notes form part of these financial statements

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For the year ended 31 March 2018

Toutes Directions Limited

Notes to the Financial Statements

Statutory Information

Toutes Directions Limited is a private limited company, limited by shares, domiciled in England and Wales,

registration number 05389942.

Registered address:

5 Brampton Road

Sheffield

S9 2PA

The presentation currency is £ sterling.

1. Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as

modified by the revaluation of certain assets.

Revenue recognition

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Property, plant and equipment

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Commercial vehicles

20% Reducing balance

Plant and Machinery

20% Reducing balance

Motor vehicles

20% Reducing balance

Fixtures and fittings

Inventories

Income on WIP contracts is recognised when the outcome of the contracts can be assessed with reasonable certainty and is recognised by reference to the valuation of the time spent and the dates the services were provided.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Hire purchase and leasing commitments

Rentals payable under operating leases are charged against income on a straight line basis over the lease term. The finance element of the rental payment is charged to the profit and loss account on a method giving a constant rate of return on the balance outstanding.

Debtors and creditors due within one year

Debtors and creditors with no stated interest rate, which are due within one year, are stated at the transaction

price. Any loss arising from impairment is recognised in the statement of comprehensive income with

administrative expenses.

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For the year ended 31 March 2018

Toutes Directions Limited

Notes to the Financial Statements Continued

Impairment

At each balance sheet date, assets are reviewed to determine whether there is any indication that any of the

individual assets have suffered an impairment. If such indication exists, the recoverable amount of the asset, or

the assets cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount

exceeds its recoverable amount, an impairment loss is recgonised in the statement of comprehensive income.

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.

2. Property, plant and equipment

Total

Plant and

Machinery

Fixtures and

fittings

Commercial

vehicles

Land &

buildings

Cost or

valuation

At 01 April 2017

1,014,451

23,521

107,367

424,885

458,678

293,688

1,925

25,646

266,117

Additions

At 31 March 2018

691,002

133,013

25,446

1,308,139

458,678

Provision for depreciation and impairment

At 01 April 2017

295,845

4,705

62,641

228,499

Charge for year

89,357

4,148

14,319

70,890

At 31 March 2018

385,202

8,853

76,960

299,389

At 31 March 2018

Net book value

458,678

391,613

56,053

16,593

922,937

At 31 March 2017

458,678

196,386

44,726

18,816

718,606

The net book value of Commercial Vehicles includes £214,524 in respect of assets leased under finance leases

or hire purchase contracts.

The depreciation charge for the year includes £33,675 in respect of assets leased under fiance leases or hire

purchase contracts.

3. Trade and other receivables

2017

2018

Trade debtors

274,154

187,926

Other debtors

25,990

16,366

204,292

300,144

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For the year ended 31 March 2018

Toutes Directions Limited

Notes to the Financial Statements Continued

4. Trade and other payables: amounts falling due within one year

2017

2018

Bank loans and overdraft

48,435

45,391

Trade creditors

56,500

28,112

Taxation and social security

127,580

83,936

Other creditors

130,610

132,600

363,125

290,039

5. Trade and other payables: amounts falling due after more than one year

2017

2018

Bank loans and overdraft

253,560

304,239

Other creditors

120,595

33,684

374,155

337,923

6. Related party transactions

The director, Mr.M.Harrison, is also a shareholder of the company. Dividends paid to Mr.M.Harrison, during

the year (with the previous year shown in brackets) were £35,000 (£33,000).

7. Guarantees and other financial commitments

Guarantees and contingent assets and liabilities

Hire Purchase finance is secured on the assets for which the finance has been provided.

The Bank Loan is secured on the land and buildings for which the finance has been provided.

Lease commitments

At 31 March 2018 the company had annual commitments under non-cancellable operating leases as set out

below:

2017

2018

Operating leases which expire:

32,456

30,969

Within 2 to 5 years

30,969

32,456

8. Average number of persons employed

During the year the average number of employees was 15 (Previous year 13)

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