Tropview Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 02175771 (England and Wales)

Unaudited Financial Statements

For The Year Ended 30th November 2017

for

Tropview Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

7

DIRECTORS:

A J Haines

S G Watkins

SECRETARY:

A J Haines

REGISTERED OFFICE:

6 Kings Buildings

Hill Street

Lydney

Gloucestershire

GL15 5HE

REGISTERED NUMBER:

02175771 (England and Wales)

ACCOUNTANTS:

Wildin & Co

Accountants

& Statutory Auditors

Kings Buildings

Lydney

Gloucestershire

GL15 5HE

FIXED ASSETS

Tangible assets

4

5,225

4,752

Investments

5

20,000

20,000

25,225

24,752

CURRENT ASSETS

Stocks

2,170

2,550

Debtors

6

8,375

10,624

Cash at bank

20,511

30,109

31,056

43,283

CREDITORS

Amounts falling due within one year

7

16,863

25,347

NET CURRENT ASSETS

14,193

17,936

TOTAL ASSETS LESS CURRENT LIABILITIES

39,418

42,688

PROVISIONS FOR LIABILITIES

1,045

950

NET ASSETS

38,373

41,738

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

9

38,273

41,638

SHAREHOLDERS' FUNDS

38,373

41,738

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 2017 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 22nd January 2018 and were signed on its behalf by:

A J Haines - Director

1.	STATUTORY INFORMATION

Tropview Limited is a private company, limited by shares , registered in England and Wales. The company's

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

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

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 etc

-

33% on reducing balance and 25% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in

bringing stocks to their present location and condition.

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 have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

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

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Statotury disclosure

This is the first year that the company has prepared accounts under FRS102.

There were no adjustments on transition.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st December 2016

122,629

Additions

1,861

At 30th November 2017

124,490

DEPRECIATION

At 1st December 2016

117,877

Charge for year

1,388

At 30th November 2017

119,265

NET BOOK VALUE

At 30th November 2017

5,225

At 30th November 2016

4,752

5.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

30.11.17

30.11.16

£

£

Skandia Investment

20,000

20,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.17

30.11.16

£

£

Trade debtors

6,794

9,435

Prepayments

1,581

1,189

8,375

10,624

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.17

30.11.16

£

£

Bank loans and overdrafts

-

1,255

Tax

8,102

12,461

VAT

4,631

6,443

Directors' current accounts

7

407

Accrued expenses

4,123

4,781

16,863

25,347

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.17

30.11.16

value:

£

£

100

Ordinary

£1

100

100

9.

RESERVES

Retained

earnings

£

At 1st December 2016

41,638

Profit for the year

34,185

Dividends

(37,550

)

At 30th November 2017

38,273

10.	RELATED PARTY DISCLOSURES

Each director drew dividends during the year of £18,775 (2016 £19,500)

11.	ULTIMATE CONTROLLING PARTY

The following reproduces the text of the report prepared for the directors and members in respect of the

company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is

only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other

primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30th November 2017 set out on pages two to six and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Wildin & Co

Accountants

& Statutory Auditors

Kings Buildings

Lydney

Gloucestershire

GL15 5HE

22nd January 2018