TORPRO_LIMITED - Accounts

TORPRO LIMITED - Company Information

Print Friendly Version

Company Registration No. 05437409 (England and Wales)

TORPRO LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2015

TORPRO LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

TORPRO LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

96,795

Current assets

Stocks

3,978

Debtors

16,866

13,767

Investments

329,257

72,781

Cash at bank and in hand

3,259

13,892

349,382

104,418

Creditors: amounts falling due within one year

(11,874)

(11,230)

Net current assets

337,508

93,188

Total assets less current liabilities

337,508

189,983

Creditors: amounts falling due after more than one year

(200,000)

(120,000)

Provisions for liabilities

(3,285)

137,508

66,698

Capital and reserves

Called up share capital

Profit and loss account

137,507

66,697

Shareholders' funds

137,508

66,698

TORPRO LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 MARCH 2015

- 2 -

For the financial year ended 31 March 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 29 December 2015

J.P.P. Anderson

Director

Company Registration No. 05437409

TORPRO LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

- 3 -

Accounting policies

1.1

Accounting convention

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

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Biomass plant

5% Straight line

1.5

Investments

Current asset investments are stated at the lower of cost and net realisable value.

1.6

Deferred taxation

Deferred taxation is provided at appropriate rates on all timing differences using the liability method only to the extent that, in the opinion of the director, there is a reasonable probability that a liability or asset will crystallise in the foreseeable future.

Fixed assets

Tangible assets

Cost

At 1 April 2014

98,227

Disposals

(98,227)

At 31 March 2015

Depreciation

At 1 April 2014

1,432

On disposals

(1,432)

At 31 March 2015

Net book value

At 31 March 2015

At 31 March 2014

96,795

TORPRO LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2015

- 4 -

Share capital

2015

2014

Allotted, called up and fully paid

1 Ordinary Share of £1 each