Toskanex Ltd - Limited company - abbreviated

REGISTERED NUMBER: 01357592 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2015

for

TOSKANEX LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

T R Bennett

REGISTERED OFFICE:

Equity House

4-6 School Road

Tilehurst

Reading

Berkshire

RG31 5AL

REGISTERED NUMBER:

01357592 (England and Wales)

ACCOUNTANTS:

Avalon Accounting Limited

Equity House

4-6 School Road

Tilehurst

Reading

Berkshire

RG31 5AL

FIXED ASSETS

Tangible assets

2

5,792

7,722

Investments

3

1

5,793

7,723

CURRENT ASSETS

Stocks

37,098

39,828

Debtors

16,049

17,591

Cash at bank

6,174

599

59,321

58,018

CREDITORS

Amounts falling due within one year

(49,080

)

(60,658

)

NET CURRENT ASSETS/(LIABILITIES)

10,241

(2,640

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

16,034

5,083

CREDITORS

Amounts falling due after more than one
year

(10,518

)

(7,680

)

PROVISIONS FOR LIABILITIES

-

(262

)

NET ASSETS/(LIABILITIES)

5,516

(2,859

)

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

5,416

(2,959

)

SHAREHOLDERS' FUNDS

5,516

(2,859

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 23 July 2015 and were signed by:

T R Bennett - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These accounts have been prepared on a going concern basis as it is the intention of the Directors/Shareholders

to continue to support the company for the foreseeable future.

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

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

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

and 31 March 2015

32,691

DEPRECIATION

At 1 April 2014

24,969

Charge for year

1,930

At 31 March 2015

26,899

NET BOOK VALUE

At 31 March 2015

5,792

At 31 March 2014

7,722

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 April 2014

and 31 March 2015

1

NET BOOK VALUE

At 31 March 2015

1

At 31 March 2014

1

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Associated company

Knockabout Ltd

Nature of business: Sale/Distribution of comics

%

Class of shares:

holding

Ordinary

50.00

31.3.15

31.3.14

£

Aggregate capital and reserves

(18,577

)

1,048

(Loss)/profit for the year

(19,625

)

592

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.15

31.3.14

value:

£

100

Ordinary

£1

100

Toskanex Ltd - Limited company - abbreviated - 11.6

Toskanex Ltd - Limited company - abbreviated - 11.6