Registration number:
Unaudited Abbreviated Accounts
for the Year Ended
Total Foot Protection Limited
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The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4 ) have been prepared.
Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Total Foot Protection Limited
for the Year Ended 31 July 2016
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Total Foot Protection Limited for the year ended 31 July 2016 set out on pages from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW) , we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/members/regulations-standards-and-guidance/ .
This report is made solely to the Board of Directors of Total Foot Protection Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Total Foot Protection Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Total Foot Protection Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Total Foot Protection Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Total Foot Protection Limited. You consider that Total Foot Protection Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Total Foot Protection Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
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Blue Spire Limited
Chartered Accountants
Fifth Floor
Intergen House
65-67 Western Road
Hove
East Sussex
BN3 2JQ
13 January 2017
Total Foot Protection Limited
(Registration number: 03772627)
Abbreviated Balance Sheet at 31 July 2016
Note |
2016
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2015
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Fixed assets |
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Tangible fixed assets |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current assets |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Shareholders' funds |
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Approved by the Board on
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D J Nicholls
Director
2
Total Foot Protection Limited
Notes to the Abbreviated Accounts for the Year Ended 31 July 2016
......... continued
Accounting policies |
Basis of preparation
Going concern
The directors have considered the foreseeable future of the company and are unable to identify any material uncertainties that may cast significant doubt about the ability of the company to continue as a going concern. As a result they have adopted the going concern basis of accounting.
Turnover
Goodwill
Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.
Amortisation
Amortisation is provided on intangible fixed assets so as to write off the cost, less estimated residual value, over their expected useful life as follows.
Asset class |
Amortisation method and rate |
Goodwill |
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Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Depreciation method and rate |
Fixtures and fittings |
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Stock
Financial instruments
Total Foot Protection Limited
Notes to the Abbreviated Accounts for the Year Ended 31 July 2016
......... continued
Pensions
Fixed assets |
Intangible assets
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Tangible assets
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Total
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Cost |
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At 1 August 2015 |
15,000 |
38,907 |
53,907 |
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At 31 July 2016 |
15,000 |
38,907 |
53,907 |
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Depreciation |
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At 1 August 2015 |
15,000 |
32,002 |
47,002 |
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Charge for the year |
- |
1,670 |
1,670 |
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At 31 July 2016 |
15,000 |
33,672 |
48,672 |
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Net book value |
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At 31 July 2016 |
- |
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At 31 July 2015 |
- |
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Share capital |
Allotted, called up and fully paid shares
2016 |
2015 |
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No. |
£ |
No. |
£ |
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