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REGISTERED NUMBER: 06576471 (England and Wales)












Unaudited Financial Statements

for the Year Ended 30 June 2023

for

R Toomes & Son Limited

R Toomes & Son Limited (Registered number: 06576471)






Contents of the Financial Statements
for the year ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Accountants' Report 7

R Toomes & Son Limited

Company Information
for the year ended 30 June 2023







DIRECTORS: J R Toomes
Mrs G L Toomes





REGISTERED OFFICE: Unit 1
Grove Road
Wakefield
West Yorkshire
WF1 1NP





REGISTERED NUMBER: 06576471 (England and Wales)





ACCOUNTANTS: Beaumonts
8 Navigation Court
Calder Park
Wakefield
West Yorkshire
WF2 7BJ

R Toomes & Son Limited (Registered number: 06576471)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 27,218 32,709
27,218 32,709

CURRENT ASSETS
Stocks 7,041 5,159
Debtors 6 37,334 39,426
Cash at bank 92,694 40,146
137,069 84,731
CREDITORS
Amounts falling due within one year 7 92,012 62,270
NET CURRENT ASSETS 45,057 22,461
TOTAL ASSETS LESS CURRENT
LIABILITIES

72,275

55,170

CREDITORS
Amounts falling due after more than one
year

8

(13,746

)

(25,675

)

PROVISIONS FOR LIABILITIES (6,615 ) (7,967 )
NET ASSETS 51,914 21,528

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 51,814 21,428
SHAREHOLDERS' FUNDS 51,914 21,528

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

R Toomes & Son Limited (Registered number: 06576471)

Balance Sheet - continued
30 June 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 October 2023 and were signed on its behalf by:





J R Toomes - Director


R Toomes & Son Limited (Registered number: 06576471)

Notes to the Financial Statements
for the year ended 30 June 2023

1. STATUTORY INFORMATION

R Toomes & Son Limited 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 of bathroom and plumbing work excluding discounts, rebates and value added taxes.

Intangible assets
Databases are being amortised evenly over their estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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 9 (2022 - 9 ) .

R Toomes & Son Limited (Registered number: 06576471)

Notes to the Financial Statements - continued
for the year ended 30 June 2023

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 July 2022
and 30 June 2023 18,000 4,000 22,000
AMORTISATION
At 1 July 2022
and 30 June 2023 18,000 4,000 22,000
NET BOOK VALUE
At 30 June 2023 - - -
At 30 June 2022 - - -

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 July 2022 11,459 86,999 98,458
Additions 2,322 - 2,322
At 30 June 2023 13,781 86,999 100,780
DEPRECIATION
At 1 July 2022 5,553 60,196 65,749
Charge for year 1,112 6,701 7,813
At 30 June 2023 6,665 66,897 73,562
NET BOOK VALUE
At 30 June 2023 7,116 20,102 27,218
At 30 June 2022 5,906 26,803 32,709

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 31,264 34,524
Other debtors 6,070 4,902
37,334 39,426

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts 6,000 6,000
Hire purchase contracts 5,929 5,929
Trade creditors 28,461 17,694
Taxation and social security 42,967 17,857
Other creditors 8,655 14,790
92,012 62,270

R Toomes & Son Limited (Registered number: 06576471)

Notes to the Financial Statements - continued
for the year ended 30 June 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans 11,500 17,500
Hire purchase contracts 2,246 8,175
13,746 25,675

9. SECURED DEBTS

The following secured debts are included within creditors:

30.6.23 30.6.22
£    £   
Bank loans 17,500 23,500
Hire purchase contracts 8,175 14,104
25,675 37,604

The bank loan is guaranteed by the UK Government under BBLS.

Hire purchase is secured over the assets being financed.

10. OTHER FINANCIAL COMMITMENTS

The total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £41,993 (2022 - £11,886).

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2023 and 30 June 2022:

30.6.23 30.6.22
£    £   
J R Toomes
Balance outstanding at start of year 496 2,107
Amounts advanced 3,048 589
Amounts repaid (3,544 ) (2,200 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 496

Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
R Toomes & Son Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of R Toomes & Son Limited for the year ended 30 June 2023 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of R Toomes & Son Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of R Toomes & Son Limited and state those matters that we have agreed to state to the Board of Directors of R Toomes & Son Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than R Toomes & Son Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that R Toomes & Son Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of R Toomes & Son Limited. You consider that R Toomes & Son 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 financial statements of R Toomes & Son 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 financial statements.






Beaumonts
8 Navigation Court
Calder Park
Wakefield
West Yorkshire
WF2 7BJ


Date: .............................................