Registered Number 06595655

TOLAN ENGINEERING LIMITED

Abbreviated Accounts

31 May 2016

TOLAN ENGINEERING LIMITED Registered Number 06595655

Abbreviated Balance Sheet as at 31 May 2016

Notes 2016 2015
£ £
Current assets
Debtors 272,560 120,777
Cash at bank and in hand 26,099 20,064
298,659 140,841
Creditors: amounts falling due within one year (309,743 ) (138,153 )
Net current assets (liabilities) (11,084 ) 2,688
Total assets less current liabilities (11,084 ) 2,688
Total net assets (liabilities) (11,084 ) 2,688
Capital and reserves
Called up share capital 2 1 1
Profit and loss account (11,085 ) 2,687
Shareholders' funds (11,084 ) 2,688

  • For the year ending 31 May 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 31 May 2016

And signed on their behalf by:
Romain James Arthur Romaric Delbeuf, Director

TOLAN ENGINEERING LIMITED Registered Number 06595655

Notes to the Abbreviated Accounts for the period ended 31 May 2016

1 Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective January 2015

Turnover policy
Turnover represents amounts receivable for goods and services net of VAT and Trade discounts.

Tangible assets depreciation policy
Tangible fixed assets 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:
Fixture, fittings & equipment- Straight line over thirty six month of useful economic life

Valuation information and policy
Monetary assets and liabilities denominated in foreign currencies are translated into pound sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of transaction. All differences are taken to profit and loss account.

2 Called Up Share Capital
Allotted, called up and fully paid:
2016
£
2015
£
1 Ordinary shares of £1 each 1 1