TOLBEST LIMITED

Company Registration Number:
02354044 (England and Wales)

Abbreviated (Unaudited) Accounts

Period of accounts

Start date: 01 October 2015

End date: 30 September 2016

TOLBEST LIMITED

Abbreviated Balance sheet

As at 30 September 2016


Notes

2016
£

2015
£
Fixed assets
Tangible assets: 2 5,207 6,525
Total fixed assets: 5,207 6,525
Current assets
Stocks: 42,153 96,891
Debtors: 110,094 66,273
Cash at bank and in hand: 100 100
Total current assets: 152,347 163,264
Creditors: amounts falling due within one year: ( 107,240 ) ( 113,357 )
Net current assets (liabilities): 45,107 49,907
Total assets less current liabilities: 50,314 56,432
Creditors: amounts falling due after more than one year: ( 33,017 ) ( 40,665 )
Total net assets (liabilities): 17,297 15,767

The notes form part of these financial statements

TOLBEST LIMITED

Balance sheet continued

As at 30 September 2016


Notes

2016
£

2015
£
Capital and reserves
Called up share capital: 3 3 3
Profit and loss account: 17,294 15,764
Shareholders funds: 17,297 15,767

For the year ending 30 September 2016 the company was entitled to exemption 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.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the Financial Reporting Standard for Smaller Entities 2015.

The financial statements were approved by the Board of Directors on 18 April 2017

SIGNED ON BEHALF OF THE BOARD BY:

Name: Roger Pitchford
Status: Director

The notes form part of these financial statements

TOLBEST LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 30 September 2016

  • 1. Accounting policies

    Basis of measurement and preparation of accounts

    The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

    Turnover policy

    Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company's ordinary activities.

    Tangible fixed assets depreciation policy

    Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:

    Plant and machinery - 20% reducing balance
    Motor vehicles - 25% reducing balance

TOLBEST LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 30 September 2016

  • 2. Tangible assets

    Total
    Cost £
    01 October 2015: 45,207
    Additions: 0
    Disposals: 0
    Revaluations: 0
    Transfers: 0
    30 September 2016: 45,207
    Depreciation
    01 October 2015: 38,682
    Charge for year: 1,318
    On disposals: 0
    Other adjustments: 0
    30 September 2016: 40,000
    Net book value
    30 September 2016: 5,207
    30 September 2015: 6,525

TOLBEST LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 30 September 2016

  • 3. Called up share capital

    Allotted, called up and paid

    Previous period
    2015
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 3 1.00 3
    Preference shares: 0
    Total share capital (£): 3
    Current period
    2016
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 3 1.00 3
    Preference shares: 0
    Total share capital (£): 3

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