TORPRO_LIMITED - Accounts

TORPRO LIMITED - Company Information

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Company Registration No. 05437409 (England and Wales)

TORPRO LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2016

TORPRO LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

TORPRO LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2016

- 1 -

2016

2015

Notes

Current assets

Debtors

18,479

16,866

Investments

394,674

329,257

Cash at bank and in hand

17,044

3,259

430,197

349,382

Creditors: amounts falling due within one year

(40,089)

(11,780)

Total assets less current liabilities

390,108

337,602

Creditors: amounts falling due after more than one year

(174,000)

(200,000)

216,108

137,602

Capital and reserves

Called up share capital

Profit and loss account

216,107

137,601

Shareholders' funds

216,108

137,602

For the financial year ended 31 March 2016 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 19 December 2016

J.P.P. Anderson

Director

Company Registration No. 05437409

TORPRO LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

- 2 -

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 January 2015).

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.