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 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				144,074				106,756
CURRENT ASSETS
Stock				36,813				67,322
Debtors (amounts falling due within one year)		3		326,584				201,484
Investments		4		2				2
Cash at bank and in hand				633,849				726,263
				997,248				995,071
CREDITORS: Amounts falling due within one year				312,228				368,199
NET CURRENT ASSETS						685,020				626,872
TOTAL ASSETS LESS CURRENT LIABILITIES						829,094				733,628
CREDITORS: Amounts falling due after more than one year		5				7,217				13,097
NET ASSETS						821,877				720,531
CAPITAL AND RESERVES
Called up share capital		6				93				93
Capital redemption reserve						6,248				6,248
Profit and loss account						815,536				714,190
SHAREHOLDERS' FUNDS						821,877				720,531
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 Fittings		straight line 25%
Equipment		straight line 33%
Motor Cars		straight 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 Fittings		Equipment		Motor Cars		Total
		£		£		£		£
Cost
At 01/01/2013		59,149		109,272		50,016		218,437
Additions		37,481		41,988		10,800		90,269
Disposals		(1,976)		-		-		(1,976)
At 31/12/2013		94,654		151,260		60,816		306,730
Depreciation
At 01/01/2013		36,700		73,939		1,042		111,681
Disposals		(757)		-		-		(757)
For the year		10,719		25,809		15,204		51,732
At 31/12/2013		46,662		99,748		16,246		162,656
Net Book Amounts
At 31/12/2013		47,992		51,512		44,570		144,074
At 31/12/2012		22,449		35,333		48,974		106,756

3. DEBTORS				2013		2012
				£		£
Amounts falling due within one year:
Trade debtors				306,623		169,417
VAT				-		7,850
Other debtors				19,961		24,217
				326,584		201,484

Torpedo Group Limited

4. CURRENT ASSET INVESTMENTS
				2013		2012
				£		£
Shares in subsidiaries held for sale				2		2
				2		2

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
				2013		2012
				£		£
Other creditors				7,217		13,097
				7,217		13,097

6. SHARE CAPITAL				2013		2012
				£		£
Allotted, issued and fully paid:
9000 Class 'A' shares of £0.01 each				90		90
250 Ordinary 'B' shares of £0.01 each				3		3
				93		93
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				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

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.