Tomcat Special Needs Innovation Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04209943 (England and Wales)

Financial Statements

for the Year Ended 31 March 2018

for

Tomcat Special Needs Innovation Limited

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTOR:

R W F Griffin

REGISTERED OFFICE:

Unit 13/7

The Gloucester Business Park

Hucclecote

Gloucester

Gloucestershire

GL3 4AA

REGISTERED NUMBER:

04209943 (England and Wales)

ACCOUNTANTS:

GCSD Accountants Limited

Chartered Accountants

701 Stonehouse Park

Sperry Way

Stonehouse

Gloucestershire

GL10 3UT

The following reproduces the text of the report prepared for the director in respect of the company's

annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only

required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other

primary statements and the Report of the Director are not required to be filed with the Registrar of

Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your

approval the financial statements of Tomcat Special Needs Innovation Limited for the year ended

31 March 2018 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the

related notes from the company's accounting records and from information and explanations you have

given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Tomcat Special Needs Innovation Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Tomcat Special Needs Innovation Limited and state those matters that we have agreed to state to the director of Tomcat Special Needs Innovation Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Tomcat Special Needs Innovation Limited and its director for our work or for this report.

It is your duty to ensure that Tomcat Special Needs Innovation Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Tomcat Special Needs Innovation Limited. You consider that Tomcat Special Needs Innovation 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 financial statements of Tomcat Special Needs Innovation 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 financial statements.

GCSD Accountants Limited

Chartered Accountants

12 November 2018

FIXED ASSETS

Intangible assets

4

3,585

4,097

Tangible assets

5

40,251

26,062

43,836

30,159

CURRENT ASSETS

Stocks

111,910

112,816

Debtors

6

109,107

163,002

Cash at bank and in hand

1,733

31,448

222,750

307,266

CREDITORS

Amounts falling due within one year

7

82,204

70,001

NET CURRENT ASSETS

140,546

237,265

TOTAL ASSETS LESS CURRENT LIABILITIES

184,382

267,424

PROVISIONS FOR LIABILITIES

2,482

2,908

NET ASSETS

181,900

264,516

CAPITAL AND RESERVES

Called up share capital

800

800

Share premium

32,370

32,370

Capital redemption reserve

200

200

Retained earnings

148,530

231,146

SHAREHOLDERS' FUNDS

181,900

264,516

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

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 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director on 12 November 2018 and were signed by:

R W F Griffin - Director

1.	STATUTORY INFORMATION

Tomcat Special Needs Innovation 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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are

measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets

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

Improvements to property

-

10% on cost

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and

handling costs in bringing stocks to their present location and condition.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the

period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2017 - 16 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 April 2017

and 31 March 2018

5,121

AMORTISATION

At 1 April 2017

1,024

Charge for year

512

At 31 March 2018

1,536

NET BOOK VALUE

At 31 March 2018

3,585

At 31 March 2017

4,097

5.	TANGIBLE FIXED ASSETS

Improvements

to

Plant and

Motor

Computer

property

machinery

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2017

-

63,406

24,840

48,518

136,764

Additions

18,694

7,345

-

137

26,176

Disposals

-

-

(7,300

)

-

(7,300

)

At 31 March 2018

18,694

70,751

17,540

48,655

155,640

DEPRECIATION

At 1 April 2017

-

55,088

19,017

36,597

110,702

Charge for year

1,869

3,915

878

3,015

9,677

Eliminated on disposal

-

-

(4,990

)

-

(4,990

)

At 31 March 2018

1,869

59,003

14,905

39,612

115,389

NET BOOK VALUE

At 31 March 2018

16,825

11,748

2,635

9,043

40,251

At 31 March 2017

-

8,318

5,823

11,921

26,062

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

83,313

118,097

Other debtors

25,794

44,905

109,107

163,002

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Bank loans and overdrafts

17,548

-

Trade creditors

35,064

42,458

Taxation and social security

4,980

14,179

Other creditors

24,612

13,364

82,204

70,001

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2018

and 31 March 2017:

2018

2017

£

£

R W F Griffin

Balance outstanding at start of year

31,998

384

Amounts advanced

15,625

32,221

Amounts repaid

(39,293

)

(607

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

8,330

31,998

9.	RELATED PARTY DISCLOSURES

The outstanding amount on the director's loan account will be cleared within 9 months of the year

end.