2013-01-012013-12-3104889983falsetruehttp://www.companieshouse.gov.uk/cd:Director12013-01-012013-12-31http://www.companieshouse.gov.uk/pt:FixturesFittings2012-12-31http://www.companieshouse.gov.uk/pt:FixturesFittings2013-12-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2012-12-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12013-01-012013-12-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2013-12-31http://www.companieshouse.gov.uk/pt:MotorCars2012-12-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass22013-01-012013-12-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12013-12-31http://www.companieshouse.gov.uk/pt:MotorCars2013-12-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass22013-12-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12012-12-31http://www.companieshouse.gov.uk/pt:FixturesFittings2013-01-012013-12-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass22012-12-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2013-01-012013-12-31http://www.companieshouse.gov.uk/pt:MotorCars2013-01-012013-12-31http://www.companieshouse.gov.uk/2012-01-012012-12-31http://www.companieshouse.gov.uk/2013-01-012013-12-31http://www.companieshouse.gov.uk/2012-12-31http://www.companieshouse.gov.uk/2013-12-31http://www.companieshouse.gov.uk/cd:EntityAccountantsOrAuditors2013-01-012013-12-31http://www.companieshouse.gov.uk/2012-12-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 04889983

Torpedo Group Limited

ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31/12/2013

Prepared By:
Dovey Accountancy Services Limited
Chartered Certified Accountants
Heyford Park House, Heyford Park
Upper Heyford
Bicester
Oxon
OX25 5HD


Torpedo Group Limited

ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31/12/2013
INDEX TO THE ACCOUNTS
Abbreviated Balance Sheet2
Notes to the Abbreviated Accounts3
The company's registered number is 04889983


Torpedo Group Limited

Registered Number: 04889983
BALANCE SHEET AT 31/12/2013
20132012
Notes££
FIXED ASSETS
Tangible assets2144,074106,756
CURRENT ASSETS
Stock36,81367,322
Debtors (amounts falling due within one year)3326,584201,484
Investments422
Cash at bank and in hand633,849726,263
997,248995,071
CREDITORS: Amounts falling due within one year312,228368,199
NET CURRENT ASSETS685,020626,872
TOTAL ASSETS LESS CURRENT LIABILITIES829,094733,628
CREDITORS: Amounts falling due after more than one year57,21713,097
NET ASSETS821,877720,531
CAPITAL AND RESERVES
Called up share capital69393
Capital redemption reserve6,2486,248
Profit and loss account815,536714,190
SHAREHOLDERS' FUNDS821,877720,531
For the year ending 31/12/2013 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 10/04/2014 and signed on their behalf by
Mr I M Lewis
Director


Torpedo Group Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/12/2013
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1b. Cash Flow Statement
The Company is exempt from including a statement of cash flows in its accounts in accordance with Financial Reporting Standard for Smaller Entities (effective April 2008).
1c. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Fixtures and Fittingsstraight line 25%
Equipmentstraight line 33%
Motor Carsstraight line 25%
1d. Stocks
Stock and work in progress are valued at the lower of cost and and net realisable value, after due regard for obsolete and slow moving stocks.
1e. Taxation
Corporation tax payable is provided on taxable profits at the current rates.
Provision is made for deferred taxation in so far as a liability or asset has arisen as a result of transactions that had occurred by the balance sheet date and have given rise to an obligation to pay more tax in the future, or the right to pay less tax in the future. An asset has not been recognised to the extent that the transfer of economic benefits in the future is uncertain. Deferred tax assets and liabilities recognised have not been discounted.
1f. Pension Costs
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
1g. Foreign Currency
Transactions in foreign currency are translated at the foreign exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the balance sheet date are translated at the exchange rate ruling at that date. Foreign exchange gains and losses are recognised in the income statement. Non-monetary assets and liabilities that are measured in terms of historical cost in a foreign currency are translated using the exchange rate at the date of the transaction.


Torpedo Group Limited

1h. Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.
2. TANGIBLE FIXED ASSETS
Fixtures
and FittingsEquipmentMotor CarsTotal
££££
Cost
At 01/01/201359,149109,27250,016218,437
Additions37,48141,98810,80090,269
Disposals(1,976)--(1,976)
At 31/12/201394,654151,26060,816306,730
Depreciation
At 01/01/201336,70073,9391,042111,681
Disposals(757)--(757)
For the year10,71925,80915,20451,732
At 31/12/201346,66299,74816,246162,656
Net Book Amounts
At 31/12/201347,99251,51244,570144,074
At 31/12/201222,44935,33348,974106,756
3. DEBTORS 20132012
££
Amounts falling due within one year:
Trade debtors306,623169,417
VAT-7,850
Other debtors19,96124,217
326,584201,484


Torpedo Group Limited

4. CURRENT ASSET INVESTMENTS
20132012
££
Shares in subsidiaries held for sale22
22
5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20132012
££
Other creditors7,21713,097
7,21713,097
6. SHARE CAPITAL 20132012
££
Allotted, issued and fully paid:
9000 Class 'A' shares of £0.01 each9090
250 Ordinary 'B' shares of £0.01 each33
9393
The company purchased and cancelled 1,000 of it's own Ordinary 'A' shares of £0.01 each during the year.
7. RELATED PARTY TRANSACTIONS
The company was owed the sum of £336 (2012 £4,819) by Lingo Telemarketing Limited at the balance sheet date. Mr I Lewis is a director of Lingo Telemarketing Limited and owns 90% of the company's issued share capital.
The company paid £29,000 to Lingo Telemarketing Limited during the course of the year for telemarketing services.
The company was owed the sum of £2,340 (2012 £2,400) by Syncro Public Relations Limited at the balance sheet date. Mr I Lewis is a director of Syncro Public Relations Limited and owns 85% of the company's issued share capital.
8. OTHER RESERVES 20132012
££
Share premium capital6,2486,248
6,2486,248


Torpedo Group Limited

9. TURNOVER
The turnover and pre-tax result is attributable to the provision of strategic and creative marketing services.
20132012
££
Sales3,003,8372,806,553
Recharged expenses11,735-
3,015,5722,806,553
10. CONTROLLING PARTY
The company's ultimate controlling party is Mr I Lewis, a director of the company, by way of his holding of 97% of the company's issued share capital.