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REGISTERED NUMBER: 03884544 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

Toyota Tax Free Sales (GB) Limited

Toyota Tax Free Sales (GB) Limited (Registered number: 03884544)

Contents of the Financial Statements
for the Year Ended 28 February 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Toyota Tax Free Sales (GB) Limited

Company Information
for the Year Ended 28 February 2023







DIRECTORS: J Van der Luit
Mrs K Van der Luit
Mrs C Claxton





SECRETARY: Mrs C Claxton





REGISTERED OFFICE: Home Farm
Sandy Lane
St Paul's Cray
Orpington
Kent
BR5 3HY





REGISTERED NUMBER: 03884544 (England and Wales)





ACCOUNTANTS: Neville & Stocker
1 Bromley Lane
Chislehurst
Kent
BR7 6LH

Toyota Tax Free Sales (GB) Limited (Registered number: 03884544)

Balance Sheet
28 February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,888 3,852

CURRENT ASSETS
Debtors 5 1,687,261 1,051,335
Cash at bank 632,886 359,005
2,320,147 1,410,340
CREDITORS
Amounts falling due within one year 6 1,002,958 811,005
NET CURRENT ASSETS 1,317,189 599,335
TOTAL ASSETS LESS CURRENT LIABILITIES 1,320,077 603,187

CREDITORS
Amounts falling due after more than one year 7 35,000 45,000
NET ASSETS 1,285,077 558,187

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,284,977 558,087
1,285,077 558,187

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

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 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.

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 6 November 2023 and were signed on its behalf by:




J Van der Luit - Director Mrs K Van der Luit - Director




Mrs C Claxton - Director


Toyota Tax Free Sales (GB) Limited (Registered number: 03884544)

Notes to the Financial Statements
for the Year Ended 28 February 2023


1. STATUTORY INFORMATION

Toyota Tax Free Sales (GB) 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, excluding discounts, rebates, value added tax and other sales taxes.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - NIL ) .

Toyota Tax Free Sales (GB) Limited (Registered number: 03884544)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2022
and 28 February 2023 76,238
DEPRECIATION
At 1 March 2022 72,386
Charge for year 964
At 28 February 2023 73,350
NET BOOK VALUE
At 28 February 2023 2,888
At 28 February 2022 3,852

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 112,394 (67,482 )
Amounts owed by group undertakings 1,552,420 1,096,370
Other debtors 22,447 22,447
1,687,261 1,051,335

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Payments on account 771,531 650,317
Trade creditors 117,481 104,188
Taxation and social security 73,621 16,175
Other creditors 40,325 40,325
1,002,958 811,005

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Other creditors 35,000 45,000