Registered Number 04889983

TORPEDO GROUP LIMITED

Abbreviated Accounts

31 December 2015

TORPEDO GROUP LIMITED Registered Number 04889983

Abbreviated Balance Sheet as at 31 December 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 184,672 211,133
Investments 3 2 2
184,674 211,135
Current assets
Stocks 41,709 30,210
Debtors 535,857 342,882
Cash at bank and in hand 912,134 838,531
1,489,700 1,211,623
Creditors: amounts falling due within one year (494,007) (392,534)
Net current assets (liabilities) 995,693 819,089
Total assets less current liabilities 1,180,367 1,030,224
Creditors: amounts falling due after more than one year (6,512) (23,679)
Provisions for liabilities (15,042) -
Total net assets (liabilities) 1,158,813 1,006,545
Capital and reserves
Called up share capital 4 95 93
Share premium account 29,995 6,248
Profit and loss account 1,128,723 1,000,204
Shareholders' funds 1,158,813 1,006,545
  • For the year ending 31 December 2015 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 27 April 2016

And signed on their behalf by:
I M Lewis, Director

TORPEDO GROUP LIMITED Registered Number 04889983

Notes to the Abbreviated Accounts for the period ended 31 December 2015

1Accounting 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 April 2008.

Turnover policy
Turnover represents the value, net of value added tax, of goods and services supplied to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Fixtures and fittings 25% straight line
Equipment 33% straight line
Motor vehicles 25% straight line

2Tangible fixed assets
£
Cost
At 1 January 2015 370,797
Additions 74,338
Disposals -
Revaluations -
Transfers -
At 31 December 2015 445,135
Depreciation
At 1 January 2015 159,664
Charge for the year 100,799
On disposals -
At 31 December 2015 260,463
Net book values
At 31 December 2015 184,672
At 31 December 2014 211,133

3Fixed assets Investments
Investments

Costs

At 1 January 2015 and at 31 December 2015 2

The company holds 20% or more of the share capital of the following companies:

Company Shares Held Class % Capital and reserves Profit(loss) for the year
Torpedo Digital Limited Ordinary 100 £1 -
Torpedo Marketing Limited Ordinary 100 £1 -

4Called Up Share Capital
Allotted, called up and fully paid:
2015
£
2014
£
9,000 Ordinary shares of £0.01 each 90 90
500 B Ordinary shares of £0.01 each (300 shares for 2014) 5 3