G Toth and Associates Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08280790 (England and Wales)

Unaudited Financial Statements

for the Period

1 December 2017 to 28 February 2018

for

G Toth and Associates Ltd

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

A S Levy

K L Morris

J W H Smithers

SECRETARY:

A S Levy

REGISTERED OFFICE:

Unit 4 Mowat Industrial Estate

Sandown Road

Watford

WD24 7UY

BUSINESS ADDRESS:

643 Melton Road

Thurmaston

Leicester

Leicestershire

LE4 8EB

REGISTERED NUMBER:

08280790 (England and Wales)

ACCOUNTANTS:

The Rowleys Partnership Ltd

Chartered Accountants

Charnwood House

Harcourt Way

Meridian Business Park

Leicester

Leicestershire

LE19 1WP

The following reproduces the text of the report prepared for the directors 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 Directors 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 G Toth and Associates Ltd for the period ended 28 February 2018

which comprise the Income Statement, 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 Board of Directors of G Toth and Associates Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of G Toth and Associates Ltd and state those matters that we have agreed to state to the Board of Directors of G Toth and Associates Ltd, as a body, 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 G Toth and Associates Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that G Toth and Associates Ltd 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 G Toth and Associates Ltd. You consider that G Toth and Associates Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of G Toth and Associates Ltd. 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.

The Rowleys Partnership Ltd

Chartered Accountants

Charnwood House

Harcourt Way

Meridian Business Park

Leicester

Leicestershire

LE19 1WP

2 January 2019

FIXED ASSETS

Tangible assets

4

53,043

54,438

CURRENT ASSETS

Stocks

7,698

27,831

Debtors

5

88,700

39,675

Cash at bank and in hand

11,034

64,780

107,432

132,286

CREDITORS

Amounts falling due within one year

6

59,849

70,734

NET CURRENT ASSETS

47,583

61,552

TOTAL ASSETS LESS CURRENT LIABILITIES

100,626

115,990

CREDITORS

Amounts falling due after more than one year

7

-

(4,083

)

PROVISIONS FOR LIABILITIES

(9,017

)

(10,343

)

NET ASSETS

91,609

101,564

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

91,509

101,464

SHAREHOLDERS' FUNDS

91,609

101,564

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 February 2018.

The members have not required the company to obtain an audit of its financial statements for the period ended 28 February 2018 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 2 January 2019 and were signed on its behalf by:

A S Levy - Director

1.	STATUTORY INFORMATION

G Toth and Associates Ltd 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 financial statements have been prepared for a 3 month period and therefore the comparative

figures are not entirely comparable.

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.

Turnover represents work undertaken to the extent that there is a right to consideration and is

recorded at the value of the consideration due. Where work has only been partially completed at

the balance sheet date turnover represents the value of work to date based on a proportion of the

total expected consideration at completion.

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

-

10% on reducing balance

Fixtures and fittings

-

10% on reducing balance

Computer equipment

-

33% on cost

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 period 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 period 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.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets

and depreciated over the shorter of the lease term and their useful lives. Obligations under such

agreements are included in creditors net of the finance charge allocated to future periods. The

finance element of the rental payment is charged to the profit and loss account on a sum of digits

basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 7 (2017 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 December 2017

and 28 February 2018

63,976

16,552

489

81,017

DEPRECIATION

At 1 December 2017

20,747

5,510

322

26,579

Charge for period

1,079

276

40

1,395

At 28 February 2018

21,826

5,786

362

27,974

NET BOOK VALUE

At 28 February 2018

42,150

10,766

127

53,043

At 30 November 2017

43,229

11,042

167

54,438

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.18

30.11.17

£

£

Trade debtors

23,331

34,917

Other trade debtors

-

150

Directors' current accounts

64,999

-

Prepayments and accrued income

370

4,608

88,700

39,675

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.18

30.11.17

£

£

Hire purchase contracts

-

10,425

Trade creditors

4,702

6,814

Corporation tax

33,896

35,004

Social security and other taxes

-

366

VAT

12,842

15,244

Directors' current accounts

-

1,371

Accruals and deferred income

8,409

1,510

59,849

70,734

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.2.18

30.11.17

£

£

Hire purchase contracts

-

4,083

8.	SECURED DEBTS

The following secured debts are included within creditors:

28.2.18

30.11.17

£

£

Hire purchase contracts

-

14,508

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.2.18

30.11.17

value:

£

£

40

Ordinary A Shares

1

40

40

60

Ordinary B Shares

1

60

60

100

100

10.	OTHER FINANCIAL COMMITMENTS

The company had total guarantees and commitments at the balance sheet date of £Nil (2017 -

£11,500)

11.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 28 February 2018

and the year ended 30 November 2017:

28.2.18

30.11.17

£

£

G Toth

Balance outstanding at start of period

-

-

Amounts advanced

64,999

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of period

64,999

-

The loan is on an interest free basis and is repayable on demand.

12.	ULTIMATE CONTROLLING PARTY

The controlling party is G Toth.