Toskanex Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 01357592 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2016

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

4,344

5,792

Investments

3

1

4,345

5,793

CURRENT ASSETS

Stocks

25,611

37,098

Debtors

16,521

16,182

Cash at bank

4,461

6,174

46,593

59,454

CREDITORS

Amounts falling due within one year

(44,813

)

(49,213

)

NET CURRENT ASSETS

1,780

10,241

TOTAL ASSETS LESS CURRENT
LIABILITIES

6,125

16,034

CREDITORS

Amounts falling due after more than one
year

(7,910

)

(10,518

)

NET (LIABILITIES)/ASSETS

(1,785

)

5,516

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

(1,885

)

5,416

SHAREHOLDERS' FUNDS

(1,785

)

5,516

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 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 9 June 2016 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 January 2015).

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 2015

and 31 March 2016

32,691

DEPRECIATION

At 1 April 2015

26,899

Charge for year

1,448

At 31 March 2016

28,347

NET BOOK VALUE

At 31 March 2016

4,344

At 31 March 2015

5,792

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 April 2015

and 31 March 2016

1

NET BOOK VALUE

At 31 March 2016

1

At 31 March 2015

1

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

100

Ordinary

£1

100