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REGISTERED NUMBER: 04718196 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

TOOLKIT WEBSITES LIMITED

TOOLKIT WEBSITES LIMITED (REGISTERED NUMBER: 04718196)

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


TOOLKIT WEBSITES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: M Green





REGISTERED OFFICE: Unit 13, Freeland Park
Wareham Road
Lytchett Matravers
Poole
Dorset
BH16 6FH





REGISTERED NUMBER: 04718196 (England and Wales)





ACCOUNTANTS: Lewis Brownlee (Chichester) Limited
Chartered Accountants
Appledram Barns
Birdham Road
Chichester
West Sussex
PO20 7EQ

TOOLKIT WEBSITES LIMITED (REGISTERED NUMBER: 04718196)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 393,240 5,635

CURRENT ASSETS
Debtors 5 1,136,324 996,717
Prepayments and accrued income 315 5,239
Cash at bank 74,611 17,208
1,211,250 1,019,164
CREDITORS
Amounts falling due within one year 6 260,330 191,842
NET CURRENT ASSETS 950,920 827,322
TOTAL ASSETS LESS CURRENT LIABILITIES 1,344,160 832,957

CREDITORS
Amounts falling due after more than one year 7 (357,059 ) (49,954 )

PROVISIONS FOR LIABILITIES (1,171 ) (794 )
NET ASSETS 985,930 782,209

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 985,928 782,207
985,930 782,209

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 director acknowledges his 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.

TOOLKIT WEBSITES LIMITED (REGISTERED NUMBER: 04718196)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 November 2023 and were signed by:





M Green - Director


TOOLKIT WEBSITES LIMITED (REGISTERED NUMBER: 04718196)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

Toolkit Websites 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

The freehold property was purchased during the year. It is held at fair value, no depreciation has been charged on the property as it is not expected that the value will fall below the residual value.

Financial instruments
Financial instruments are classified by the directors as basic or advanced following the conditions in FRS 102 Section 1A. Basic financial instruments are recognised at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.The company has no advanced financial instruments.

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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


TOOLKIT WEBSITES LIMITED (REGISTERED NUMBER: 04718196)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


2. ACCOUNTING POLICIES - continued

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 7 (2022 - 7 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Computer
property fittings equipment Totals
£ £ £ £
COST
At 1 April 2022 - 615 21,303 21,918
Additions 386,573 2,574 2,914 392,061
Disposals - - (1,614 ) (1,614 )
At 31 March 2023 386,573 3,189 22,603 412,365
DEPRECIATION
At 1 April 2022 - 285 15,998 16,283
Charge for year - 450 4,006 4,456
Eliminated on disposal - - (1,614 ) (1,614 )
At 31 March 2023 - 735 18,390 19,125
NET BOOK VALUE
At 31 March 2023 386,573 2,454 4,213 393,240
At 31 March 2022 - 330 5,305 5,635

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 468 439
Amounts owed by participating interests 1,135,856 994,383
Other debtors - 1,895
1,136,324 996,717

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Bank loans and overdrafts 10,563 -
Trade creditors 2,138 2,762
Taxation and social security 44,437 51,798
Other creditors 203,192 137,282
260,330 191,842

TOOLKIT WEBSITES LIMITED (REGISTERED NUMBER: 04718196)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£ £
Bank loans 357,059 49,954

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 219,502 20,352

8. SECURED DEBTS

Included within creditors is a bank loan of £231,902 (2022: £nil).
The bank loan is repayable by regular instalments until the anticipated closure of the facility in 2048, and attracts interest at the rate of 5.23% for the first 10 years then will attract interest of 3% above base rate.

The loan is secured by a legal charge over the property 38 Southgate, Chichester and a debenture over the company's assets.