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REGISTERED NUMBER: 05587899 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

J M O'Toole Ltd

J M O'Toole Ltd (Registered number: 05587899)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


J M O'Toole Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mr M Tye
Mr S Tye
Mr P Tye





REGISTERED OFFICE: C/o The P I Partnership
Bath Brewery
Toll Bridge Road
Bath
BA1 7DE





REGISTERED NUMBER: 05587899 (England and Wales)





ACCOUNTANTS: The P I Partnership
Suite 2
Bath Brewery
Tollbridge Road
Bath
Somerset
BA1 7DE

J M O'Toole Ltd (Registered number: 05587899)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 47,455 61,263

CURRENT ASSETS
Debtors 5 203,643 125,337
Cash at bank and in hand 935,258 763,447
1,138,901 888,784
CREDITORS
Amounts falling due within one year 6 (221,783 ) (215,186 )
NET CURRENT ASSETS 917,118 673,598
TOTAL ASSETS LESS CURRENT
LIABILITIES

964,573

734,861

CREDITORS
Amounts falling due after more than one
year

7

(52,459

)

(64,086

)

PROVISIONS FOR LIABILITIES (9,278 ) (16,483 )
NET ASSETS 902,836 654,292

CAPITAL AND RESERVES
Called up share capital 99 99
Capital redemption reserve 1 1
Retained earnings 902,736 654,192
SHAREHOLDERS' FUNDS 902,836 654,292

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

J M O'Toole Ltd (Registered number: 05587899)

Balance Sheet - continued
31 March 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 July 2023 and were signed on its behalf by:





Mr P Tye - Director


J M O'Toole Ltd (Registered number: 05587899)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

J M O'Toole Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

The company recognises revenue when the amount of revenue can be measured reliably, when it
is probable that future economic benefits will flow to the entity.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2022 - 18 ) .

J M O'Toole Ltd (Registered number: 05587899)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 92,504
Additions 2,010
At 31 March 2023 94,514
DEPRECIATION
At 1 April 2022 31,241
Charge for year 15,818
At 31 March 2023 47,059
NET BOOK VALUE
At 31 March 2023 47,455
At 31 March 2022 61,263

5. DEBTORS
31.3.23 31.3.22
£    £   
Amounts falling due within one year:
Trade debtors 155,709 78,906
Other debtors 47,284 46,431
202,993 125,337

Amounts falling due after more than one year:
Other debtors 650 -

Aggregate amounts 203,643 125,337

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 18,792 10,000
Hire purchase contracts 11,630 11,629
Trade creditors 63,499 99,024
Taxation and social security 105,548 73,835
Other creditors 22,314 20,698
221,783 215,186

J M O'Toole Ltd (Registered number: 05587899)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans 25,000 35,000
Hire purchase contracts 17,459 29,086
Trade creditors 10,000 -
52,459 64,086

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2023 and 31 March 2022:

31.3.23 31.3.22
£    £   
Mr S Tye
Balance outstanding at start of year 25,153 25,999
Amounts repaid (480 ) (846 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 24,673 25,153

Mr M Tye
Balance outstanding at start of year 7,066 11,697
Amounts repaid (2,727 ) (4,631 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 4,339 7,066

Mr P Tye
Balance outstanding at start of year 9,830 13,920
Amounts repaid (382 ) (4,090 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 9,448 9,830

These interest free loans are repayable on demand.