Registered number: 04889983 | ||||||||
FOR THE YEAR ENDED 31/12/2013 | ||||||||
Prepared By: | ||||||||
Chartered Certified Accountants | ||||||||
Bicester | ||||||||
Oxon | ||||||||
Torpedo Group Limited | ||||||||
ABBREVIATED ACCOUNTS | ||||||||
FOR THE YEAR ENDED | ||||||||
INDEX TO THE ACCOUNTS | ||||||||
Abbreviated Balance Sheet | 2 | |||||||
Notes to the Abbreviated Accounts | 3 | |||||||
The company's registered number is 04889983 | ||||||||
Torpedo Group Limited | ||||||||
Registered Number: 04889983 | ||||||||||
BALANCE SHEET AT 31/12/2013 | ||||||||||
2013 | 2012 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 2 | |||||||||
CURRENT ASSETS | ||||||||||
Stock | ||||||||||
Debtors (amounts falling due within one year) | 3 | |||||||||
Investments | 4 | |||||||||
Cash at bank and in hand | ||||||||||
997,248 | ||||||||||
CREDITORS: Amounts falling due within one year | ||||||||||
NET CURRENT ASSETS | ||||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
CREDITORS: Amounts falling due after more than one year | 5 | |||||||||
NET ASSETS | ||||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 6 | |||||||||
Capital redemption reserve | ||||||||||
Profit and loss account | ||||||||||
SHAREHOLDERS' FUNDS | ||||||||||
Approved by the board on | ||||||||||
Director | ||||||||||
Torpedo Group Limited | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 31/12/2013 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
1b. Cash Flow Statement | ||||||||
1c. Depreciation | ||||||||
Fixtures and Fittings | ||||||||
Equipment | ||||||||
Motor Cars |
1d. Stocks | ||||||||
1e. Taxation | ||||||||
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 | ||||||||
1g. Foreign Currency | ||||||||
Torpedo Group Limited | ||||||||
1h. Turnover | ||||||||
2. TANGIBLE FIXED ASSETS | ||||||||
Fixtures | ||||||||
and Fittings | Equipment | Motor Cars | Total | |||||
£ | £ | £ | £ | |||||
Cost | ||||||||
At 01/01/2013 | ||||||||
Additions | ||||||||
Disposals | ( | ( | ||||||
At 31/12/2013 | 94,654 | 151,260 | 60,816 | 306,730 | ||||
Depreciation | ||||||||
At 01/01/2013 | ||||||||
Disposals | ( | ( | ||||||
For the year | ||||||||
At 31/12/2013 | ||||||||
Net Book Amounts | ||||||||
At 31/12/2013 | ||||||||
At 31/12/2012 | ||||||||
3. DEBTORS | 2013 | 2012 | ||||||
£ | £ | |||||||
Amounts falling due within one year: | ||||||||
Trade debtors | ||||||||
VAT | ||||||||
Other debtors | ||||||||
Torpedo Group Limited | ||||||||
4. CURRENT ASSET INVESTMENTS | ||||||||
2013 | 2012 | |||||||
£ | £ | |||||||
Shares in subsidiaries held for sale | ||||||||
5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
2013 | 2012 | |||||||
£ | £ | |||||||
Other creditors | 7,217 | 13,097 | ||||||
6. SHARE CAPITAL | 2013 | 2012 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
7. RELATED PARTY TRANSACTIONS | ||||||||
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 | 2013 | 2012 | ||||
£ | £ | |||||
Share premium capital | 6,248 | 6,248 | ||||
6,248 | 6,248 | |||||
Torpedo Group Limited | ||||||||
9. TURNOVER | ||||||||
The turnover and pre-tax result is attributable to the provision of strategic and creative marketing services. | ||||||||
2013 | 2012 | |||||||
£ | £ | |||||||
Sales | 3,003,837 | 2,806,553 | ||||||
Recharged expenses | 11,735 | - | ||||||
3,015,572 | 2,806,553 | |||||||
10. CONTROLLING PARTY | ||||||||