2014-01-012014-12-3104889983falsetruehttp://www.companieshouse.gov.uk/cd:Director12014-01-012014-12-31http://www.companieshouse.gov.uk/pt:FixturesFittings2013-12-31http://www.companieshouse.gov.uk/pt:FixturesFittings2014-12-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2013-12-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12014-01-012014-12-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2014-12-31http://www.companieshouse.gov.uk/pt:MotorCars2013-12-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass22014-01-012014-12-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12014-12-31http://www.companieshouse.gov.uk/pt:MotorCars2014-12-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass22014-12-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12013-12-31http://www.companieshouse.gov.uk/pt:FixturesFittings2014-01-012014-12-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass22013-12-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2014-01-012014-12-31http://www.companieshouse.gov.uk/pt:MotorCars2014-01-012014-12-31http://www.companieshouse.gov.uk/2013-01-012013-12-31http://www.companieshouse.gov.uk/2014-01-012014-12-31http://www.companieshouse.gov.uk/2013-12-31http://www.companieshouse.gov.uk/2014-12-31http://www.companieshouse.gov.uk/cd:EntityAccountantsOrAuditors2014-01-012014-12-31http://www.companieshouse.gov.uk/2013-12-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 04889983

Torpedo Group Limited

ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31/12/2014

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


Torpedo Group Limited

ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31/12/2014
INDEX TO THE ACCOUNTS
Abbreviated Balance Sheet2
Notes to the Abbreviated Accounts4
The company's registered number is 04889983


Torpedo Group Limited

Registered Number: 04889983
BALANCE SHEET AT 31/12/2014
20142013
Notes££
FIXED ASSETS
Tangible assets2211,133144,074
CURRENT ASSETS
Stock30,21036,813
Debtors (amounts falling due within one year)3342,882326,584
Investments422
Cash at bank and in hand838,531633,849
1,211,625997,248
CREDITORS: Amounts falling due within one year392,534312,228
NET CURRENT ASSETS819,091685,020
TOTAL ASSETS LESS CURRENT LIABILITIES1,030,224829,094
CREDITORS: Amounts falling due after more than one year523,6797,217
NET ASSETS1,006,545821,877
CAPITAL AND RESERVES
Called up share capital69393
Capital redemption reserve6,2486,248
Profit and loss account1,000,204815,536
SHAREHOLDERS' FUNDS1,006,545821,877


Torpedo Group Limited

Registered Number: 04889983
For the year ending 31/12/2014 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 08/04/2015 and signed on their behalf by
Mr I M Lewis
Director


Torpedo Group Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/12/2014
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 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 01/01/201494,653151,25960,816306,728
Additions52,61733,36870,108156,093
Disposals(29,834)(62,190)-(92,024)
At 31/12/2014117,436122,437130,924370,797
Depreciation
At 01/01/201446,66299,74816,246162,656
Disposals(29,608)(62,190)-(91,798)
For the year25,35035,10728,34988,806
At 31/12/201442,40472,66544,595159,664
Net Book Amounts
At 31/12/201475,03249,77286,329211,133
At 31/12/201347,99151,51144,570144,072
3. DEBTORS 20142013
££
Amounts falling due within one year:
Trade debtors325,058306,623
Other debtors17,82419,961
342,882326,584


Torpedo Group Limited

4. CURRENT ASSET INVESTMENTS
20142013
££
Shares in subsidiaries held for sale22
22
5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20142013
££
Other creditors23,6797,217
23,6797,217
Included in other creditors are:
Obligations under hire purchase23,6797,217
6. SHARE CAPITAL 20142013
££
Allotted, issued and fully paid:
9000 Class 'A' shares of £0.01 each9090
250 Ordinary 'B' shares of £0.01 each33
9393
7. RELATED PARTY TRANSACTIONS
Mr I Lewis is a director of Syncro Public Relations Limited and owns 85% of the company's issued share capital. There were no balances owed to or from the company as at the balance sheet date (2013: £2,254).


Torpedo Group Limited

8. OTHER RESERVES 20142013
££
Capital redemption reserve6,2486,248
6,2486,248
9. TURNOVER
The turnover and pre-tax result is attributable to the provision of strategic and creative marketing services.
20142013
££
Sales3,664,5893,003,837
Other trading income-11,735
3,664,5893,015,572
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.