Tornado Systems Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 05781590 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 April 2016

for

Tornado Systems Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

M Adams

SECRETARY:

Ms J Holmes

REGISTERED OFFICE:

24 Sandford Avenue

Church Stretton

Shropshire

SY6 6BW

REGISTERED NUMBER:

05781590 (England and Wales)

ACCOUNTANTS:

Baillie Chartered Certified Accountants

Churchway

Church Stretton

Shropshire

SY6 6DJ

FIXED ASSETS

Tangible assets

2

11,031

10,422

CURRENT ASSETS

Stocks

16,161

12,440

Debtors

18,462

12,267

Cash at bank and in hand

3,572

13,397

38,195

38,104

CREDITORS

Amounts falling due within one year

41,095

23,860

NET CURRENT (LIABILITIES)/ASSETS

(2,900

)

14,244

TOTAL ASSETS LESS CURRENT
LIABILITIES

8,131

24,666

CAPITAL AND RESERVES

Called up share capital

3

1

Profit and loss account

8,130

24,665

SHAREHOLDERS' FUNDS

8,131

24,666

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 23 January 2017 and were signed by:

M Adams - Director

1.	ACCOUNTING POLICIES

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.

Stocks

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

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2015

26,659

Additions

1,674

At 30 April 2016

28,333

DEPRECIATION

At 1 May 2015

16,237

Charge for year

1,065

At 30 April 2016

17,302

NET BOOK VALUE

At 30 April 2016

11,031

At 30 April 2015

10,422

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.16

30.4.15

value:

£

1

Ordinary

1