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Registration number: 13729967

Toccata Data Governance Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2022

 

Toccata Data Governance Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 6

 

Toccata Data Governance Limited

Company Information

Directors

G Stevens

R Preece

M Harle

Registered office

Unit 1, Office 1
Tower Lane Business Park
Tower Lane
Warmley
Bristol
BS30 8XT

Accountants

Ross & Partners (Bristol) Limited
Unit 1, Office 1
Tower Lane Business Park
Tower Lane
Warmley
Bristol
BS30 8XT

 

Toccata Data Governance Limited

(Registration number: 13729967)
Balance Sheet as at 31 December 2022

Note

2022
£

2021
£

Fixed assets

 

Intangible assets

3

9,364

-

Current assets

 

Debtors

4

-

30

Cash at bank and in hand

 

253

-

 

253

30

Creditors: Amounts falling due within one year

5

(10,443)

-

Net current (liabilities)/assets

 

(10,190)

30

Net (liabilities)/assets

 

(826)

30

Capital and reserves

 

Called up share capital

6

30

30

Retained earnings

(856)

-

Shareholders' (deficit)/funds

 

(826)

30

For the financial year ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

Toccata Data Governance Limited

(Registration number: 13729967)
Balance Sheet as at 31 December 2022

Approved and authorised by the Board on 29 September 2023 and signed on its behalf by:
 

.........................................
G Stevens
Director

 

Toccata Data Governance Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2022

1

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Computer software

0% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Toccata Data Governance Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2022

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

2

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2021 - 3).

3

Intangible assets

Internally generated software development costs
 £

Total
£

Cost or valuation

Additions acquired separately

9,364

9,364

At 31 December 2022

9,364

9,364

Amortisation

Carrying amount

At 31 December 2022

9,364

9,364

4

Debtors

Current

2022
£

2021
£

Other debtors

-

30

 

Toccata Data Governance Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2022

5

Creditors

Creditors: amounts falling due within one year

Note

2022
£

2021
£

Due within one year

 

Loans and borrowings

7

10,023

-

Trade creditors

 

60

-

Accruals and deferred income

 

360

-

 

10,443

-

6

Share capital

Allotted, called up and fully paid shares

 

2022

2021

 

No.

£

No.

£

Ordinary shares of £1 each

30

30

30

30

         

7

Loans and borrowings

2022
£

2021
£

Current loans and borrowings

Other borrowings

10,023

-

8

Related party transactions

Loans from related parties

2022

Key management
£

Total
£

Advanced

10,053

10,053

Repaid

(30)

(30)

At end of period

10,023

10,023