2022-03-01 11829703 2023-02-28 11829703 2022-03-01 2023-02-28 11829703 2022-02-28 11829703 2021-03-01 2022-02-28 11829703 uk-core:WithinOneYear 2022-02-28 11829703 uk-core:WithinOneYear 2023-02-28 11829703 uk-core:AfterOneYear 2022-02-28 11829703 uk-core:AfterOneYear 2023-02-28 11829703 uk-core:ShareCapital 2023-02-28 11829703 uk-core:ShareCapital 2022-02-28 11829703 uk-core:RetainedEarningsAccumulatedLosses 2023-02-28 11829703 uk-core:RetainedEarningsAccumulatedLosses 2022-02-28 11829703 uk-bus:Director1 2022-03-01 2023-02-28 11829703 uk-core:ComputerEquipment 2022-03-01 2023-02-28 11829703 uk-core:CommercialMotorVehicles 2022-03-01 2023-02-28 11829703 uk-core:ComputerEquipment 2022-02-28 11829703 uk-core:CommercialMotorVehicles 2022-02-28 11829703 uk-core:CommercialMotorVehicles 2023-02-28 11829703 uk-core:ComputerEquipment 2023-02-28 11829703 uk-core:WithinOneYear 2023-02-28 11829703 uk-core:WithinOneYear 2022-02-28 11829703 uk-core:WithinOneYear 2022-03-01 2023-02-28 11829703 uk-core:AfterOneYear uk-core:Secured 2023-02-28 11829703 uk-core:AfterOneYear uk-core:Secured 2022-02-28 iso4217:GBP xbrli:pure 11829703 uk-bus:AuditExemptWithAccountantsReport 2022-03-01 2023-02-28 11829703 uk-bus:FRS102 2022-03-01 2023-02-28 11829703 uk-bus:FullAccounts 2022-03-01 2023-02-28 11829703 uk-bus:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28
Toucan Construction Services Ltd
Registered Number:11829703
For the year ended 28 February 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 28 February 2023
Toucan Construction Services Ltd
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
11829703
As at 28 February 2023
Toucan Construction Services Ltd
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
35,603
57,559
2
35,603
57,559
Current assets
Trade and other receivables
62,492
57,828
3
14,388
Cash and cash equivalents
1,683
59,511
76,880
Trade and other payables: amounts falling due within one
year
(91,554)
(81,322)
4
(14,674)
(21,811)
Net current liabilities
Total assets less current liabilities
13,792
42,885
Trade and other payables: amounts falling due after more
than one year
-
(6,677)
5
(6,750)
(1,244)
Provisions for liabilities
365
Net assets
41,641
Capital and reserves
Called up share capital
2
2
Retained earnings
363
41,639
365
41,641
Shareholders' funds
For the year ended 28 February 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Miss Elizabeth Alice Prior Director
These financial statements were approved and authorised for issue by the Board on 25 October 2023 and were signed by:
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4
Registered Number :
11829703
For the year ended 28 February 2023
Toucan Construction Services Ltd
Statement of Financial Position Continued
The notes form part of these financial statements
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5
For the year ended 28 February 2023
Toucan Construction Services Ltd
Notes to the Financial Statements
Statutory Information
Toucan Construction Services Ltd is a private limited company, limited by shares, domiciled in England and Wales,
registration number 11829703.
Principal place of business:
5 Woodside Way
Salfords
Surrey
RH1 5BD
Registered address:
c/o A4C Unit 18 & 19 Dean House Farm
Church Lane
Newdigate
Surrey
RH5 5DL
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard
102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'', including the disclosure and
presentation requirements of Section 1A, and the Companies Act 2006. These financial statements have been
prepared under the historical cost convention.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
3 years Straight line
Computer Equipment
4 years Straight line
Motor Vehicles
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the income and expenditure account on a straightline basis over the period of the lease.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its employees. Contributions payable are charged to the income and expenditure account in the period in which they are payable.
Going concern
The directors are satisfied that there is no impairment of the assets held and that the company is in a position to
meet its liabilities as they fall due for the foreseeable future.
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6
For the year ended 28 February 2023
Toucan Construction Services Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
Equipment
Motor Vehicles
£
£
£
Cost or
valuation
At 01 March 2022
87,506
949
86,557
At 28 February 2023
86,557
949
87,506
Provision for depreciation and impairment
At 01 March 2022
29,947
317
29,630
Charge for year
21,956
317
21,639
At 28 February 2023
51,903
634
51,269
At 28 February 2023
Net book value
35,288
315
35,603
At 28 February 2022
56,927
632
57,559
3. Trade and other receivables
2022
2023
£
£
Trade debtors
25,399
62,492
Other debtors
32,429
-
62,492
57,828
4. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Bank loans and overdraft
8,653
23,723
Trade creditors
20,006
5,924
Taxation and social security
48,559
61,062
Other creditors
4,104
845
81,322
91,554
The bank loan was granted in November 2021 and is personally guaranteed by the directors. The loan is repayable over 3 years and interest is charged at 6.9% per annum.
5. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Bank loans and overdraft
6,677
-
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7
For the year ended 28 February 2023
Toucan Construction Services Ltd
Notes to the Financial Statements Continued
6. Directors advances and guarantees
During the year the directors received loans of £134.910 The balance outstanding at the year end was £32,429 and
this was repaid in full by 31 July 2023.
7. Guarantees and other financial commitments
Lease commitments
At 28 February 2023 the company had lease commitments outstanding of £42,000 (2022 - £56,000).
8. Average number of persons employed
During the year the average number of employees was 10 (2022 : 12).
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