Toucan Construction Services Ltd |
Registered Number:11829703 |
For the year ended 28 February 2023
England and Wales
Unaudited Financial Statements
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
Toucan Construction Services Ltd
Statement of Financial Position
2022
2023
Property, plant and equipment |
35,603
57,559
2
35,603
57,559
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
2
2
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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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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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
c/o A4C Unit 18 & 19 Dean House Farm
Church Lane
Newdigate
Surrey
RH5 5DL
The presentation currency is £ sterling. |
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: |
Computer Equipment
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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For the year ended 28 February 2023
Toucan Construction Services Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment |
Motor Vehicles
87,506
949
86,557
86,557
949
87,506
Provision for depreciation and impairment |
29,947
317
29,630
Charge for year
21,956
317
21,639
51,903
634
51,269
35,288
315
35,603
56,927
632
57,559
3. Trade and other receivables |
2022
2023
25,399
62,492
32,429
-
62,492
57,828
4. Trade and other payables: amounts falling due within one year |
2022
2023
8,653
23,723
20,006
5,924
Taxation and social security |
48,559
61,062
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
6,677
-
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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 |
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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