Registered number
03705682
TECHNOINFO LIMITED
Abbreviated Accounts
29 February 2016
TECHNOINFO LIMITED
Report to the directors on the preparation of the unaudited abbreviated accounts of TECHNOINFO LIMITED for the year ended 29 February 2016
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 29 February 2016 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
30 November 2016
TECHNOINFO LIMITED
Registered number: 03705682
Abbreviated Balance Sheet
as at 29 February 2016
Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 26,974 45,211
Current assets
Stocks 278,137 361,019
Debtors 294,037 331,518
Cash at bank 888,109 443,171
1,460,283 1,135,708
Creditors: amounts falling due within one year (1,147,938) (806,177)
Net current assets 312,345 329,531
Net assets 339,319 374,742
Capital and reserves
Called up share capital 3 2 2
Profit and loss account 339,317 374,740
Shareholders' funds 339,319 374,742
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.
Ms Natasha Mikulinskaya
Director
Approved by the board on 30 November 2016
TECHNOINFO LIMITED
Notes to the Abbreviated Accounts
for the year ended 29 February 2016
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 January 2015).
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 2015 129,909
Additions 2,611
At 29 February 2016 132,520
Depreciation
At 1 March 2015 84,698
Charge for the year 20,848
At 29 February 2016 105,546
Net book value
At 29 February 2016 26,974
At 28 February 2015 45,211
3 Share capital Nominal 2016 2016 2015
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each 2 2 2
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