Toy Retailers Association - Accounts to registrar - small 17.2

REGISTERED NUMBER: 02661335 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2016

for

Toy Retailers Association

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

A J Simpson

S C Town

SECRETARY:

S C Town

REGISTERED OFFICE:

The Northdown

Cranbrook Road

Goudhurst

Cranbrook

Kent

TN17 1DP

REGISTERED NUMBER:

02661335 (England and Wales)

ACCOUNTANTS:

K.J. Van-Doren

The Northdown

Cranbrook Road

Goudhurst

Cranbrook

Kent

TN17 1DP

FIXED ASSETS

Intangible assets

3

2,125

4,250

Tangible assets

4

4,791

4,136

6,916

8,386

CURRENT ASSETS

Debtors

5

40,411

7,609

Cash at bank

122,562

155,781

162,973

163,390

CREDITORS

Amounts falling due within one year

6

36,768

38,035

NET CURRENT ASSETS

126,205

125,355

TOTAL ASSETS LESS CURRENT LIABILITIES

133,121

133,741

RESERVES

Retained earnings

133,121

133,741

133,121

133,741

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 16 March 2017 and were signed on its behalf by:

A J Simpson - Director

1.	STATUTORY INFORMATION

Toy Retailers Association is a private company, limited by guarantee , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements for the year ended 31 December 2016 are the first financial statements that have been

prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102.

The date of transition is 1 January 2015. The financial statements have been prepared under the historical cost

convention.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of value added tax.

Intangible fixed assets

Intangible fixed assets are stated at cost less amortisation. Amortisation is calculated to write off the cost, less

estimated residual value, of an asset over its estimated useful life to the business. The annual amortisation rates

and methods are as follows:

Website - 25% on cost

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been enacted or

substantively enacted by the statement of financial position date.The company is only required to pay tax on its

investment income.

3.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2016

and 31 December 2016

8,500

AMORTISATION

At 1 January 2016

4,250

Charge for year

2,125

At 31 December 2016

6,375

NET BOOK VALUE

At 31 December 2016

2,125

At 31 December 2015

4,250

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2016

8,497

Additions

2,184

Disposals

(2,618

)

At 31 December 2016

8,063

DEPRECIATION

At 1 January 2016

4,361

Charge for year

1,156

Eliminated on disposal

(2,245

)

At 31 December 2016

3,272

NET BOOK VALUE

At 31 December 2016

4,791

At 31 December 2015

4,136

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

Trade debtors

38,707

5,968

Prepayments and accrued income

1,704

1,641

40,411

7,609

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

Trade creditors

576

1,288

Tax

26

42

VAT

18,363

17,523

Other creditors

93

171

Accruals and deferred income

17,710

19,011

36,768

38,035

7.	ULTIMATE CONTROLLING PARTY

The company is limited by guarantee and the ultimate controlling party is deemed to be A J Simpson and S C

Town, the directors of the company.

8.	FIRST YEAR ADOPTION

TRANSITION TO FINANCIAL REPORTING STANDARD 102 SECTION 1A SMALL ENTITIES

This is the first period that the company has presented its results under Financial Reporting Standard 102 Section

1A. The last financial statements were prepared for the year ended 31 December 2015 under UK Generally

Accepted Accounting Practice. The date of transition to Financial Reporting Standard 102 Section 1A was 1

January 2015.

There has been no effect as a result of the transition to Financial Reporting Standard 102 Section 1A on:

(i) Equity at the date of transition to Financial Reporting Standard 102.

(ii) Equity at the end of the comparative period.

(iii) The profit or loss for the comparative period reported under previous UK Generally Accepted Accounting

Practice.