Registered number
03705682
TECHNOINFO LIMITED
Abbreviated Accounts
28 February 2014
TECHNOINFO LIMITED
Report to the directors on the preparation of the unaudited abbreviated accounts of TECHNOINFO LIMITED for the year ended 28 February 2014
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of TECHNOINFO LIMITED for the year ended 28 February 2014 which comprise of the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163.
M Jaffer & Co
Chartered Certified Accountants
No.1 Olympic Way
Wembley
Middlesex
HA9 0NP
27 November 2014
TECHNOINFO LIMITED
Registered number: 03705682
Abbreviated Balance Sheet
as at 28 February 2014
Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 37,785 24,674
Current assets
Stocks 1,801,577 2,271,892
Debtors 793,762 133,558
Cash at bank and in hand 1,289,265 276,548
3,884,604 2,681,998
Creditors: amounts falling due within one year (3,435,072) (2,300,987)
Net current assets 449,532 381,011
Net assets 487,317 405,685
Capital and reserves
Called up share capital 3 2 2
Profit and loss account 487,315 405,683
Shareholders' funds 487,317 405,685
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
Members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
…………………………………………..
Natasha Mikulinskaya
Director
Approved by the board on 26 November 2014
TECHNOINFO LIMITED
Notes to the Abbreviated Accounts
for the year ended 28 February 2014
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Turnover
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and machinery 20% straight line
Stocks
Stock is valued at the lower of cost and net realisable value.
Deferred taxation
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.
Foreign currencies
Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.
2 Tangible fixed assets £
Cost
At 1 March 2013 73,027
Additions 30,155
At 28 February 2014 103,182
Depreciation
At 1 March 2013 48,353
Charge for the year 17,044
At 28 February 2014 65,397
Net book value
At 28 February 2014 37,785
At 28 February 2013 24,674
3 Share capital Nominal 2014 2014 2013
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each 2 2 2
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