Company Registration No. 06843146 (England and Wales)
Touch2View Limited
Unaudited Financial Statements
for the year ended 31 March 2018
Touch2View Limited
Unaudited Financial Statements
Contents
Touch2View Limited
Company Information
for the year ended 31 March 2018
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 2018
Tangible assets
42,775
76,017
Cash at bank and in hand
126,266
94,953
Creditors: amounts falling due within one year
(63,608)
(105,501)
Net current assets
129,233
44,956
Net assets
172,008
120,973
Called up share capital
100
100
Profit and loss account
171,908
120,873
Shareholders' funds
172,008
120,973
For the year ending 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 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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 27 December 2018.
M Jones
Director
Company Registration No. 06843146
Touch2View Limited
Notes to the Accounts
for the year ended 31 March 2018
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.
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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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Touch2View Limited
Notes to the Accounts
for the year ended 31 March 2018
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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Tangible fixed assets
Total
Charge for the year
19,677
Allotted, called up and fully paid:
- Ordinary shares of £1 each
-
100
90 Ordinary A shares of £1 each
90
-
5 Ordinary B shares of £1 each
5
-
5 Ordinary C shares of £1 each
5
-
Shares issued during the period:
90 Ordinary A shares of £1 each
90
5 Ordinary B shares of £1 each
5
5 Ordinary C shares of £1 each
5
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Average number of employees
During the year the average number of employees was 4 (2017: 4).
