TOOLSOUP LIMITED

Company Registration Number:
SC614067 (Scotland)

Unaudited abridged accounts for the year ended 31 December 2022

Period of accounts

Start date: 01 January 2022

End date: 31 December 2022

TOOLSOUP LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2022

Balance sheet
Notes

TOOLSOUP LIMITED

Balance sheet

As at 31 December 2022


Notes

2022

2021


£

£
Fixed assets
Intangible assets: 3 54,565 74,379
Tangible assets: 4 833 4,156
Total fixed assets: 55,398 78,535
Current assets
Debtors: 5 5,462 20,152
Cash at bank and in hand:   665
Total current assets: 5,462 20,817
Creditors: amounts falling due within one year: 6 (191,652) (184,100)
Net current assets (liabilities): (186,190) (163,283)
Total assets less current liabilities: (130,792) (84,748)
Creditors: amounts falling due after more than one year: 7 (44,175) (48,101)
Total net assets (liabilities): (174,967) (132,849)
Capital and reserves
Called up share capital: 100,000 100,000
Profit and loss account: (274,967) (232,849)
Shareholders funds: (174,967) (132,849)

The notes form part of these financial statements

TOOLSOUP LIMITED

Balance sheet statements

For the year ending 31 December 2022 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 31 December 2023
and signed on behalf of the board by:

Name: William MacLean
Status: Director

The notes form part of these financial statements

TOOLSOUP LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

TOOLSOUP LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

2. Employees

2022 2021
Average number of employees during the period 1 5

TOOLSOUP LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

3. Intangible Assets

Total
Cost £
At 01 January 2022 117,157
Additions 625
At 31 December 2022 117,782
Amortisation
At 01 January 2022 42,778
Charge for year 20,439
At 31 December 2022 63,217
Net book value
At 31 December 2022 54,565
At 31 December 2021 74,379

TOOLSOUP LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

4. Tangible Assets

Total
Cost £
At 01 January 2022 16,796
At 31 December 2022 16,796
Depreciation
At 01 January 2022 12,640
Charge for year 3,323
At 31 December 2022 15,963
Net book value
At 31 December 2022 833
At 31 December 2021 4,156

TOOLSOUP LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

5. Debtors

2022 2021
££
Debtors due after more than one year: 0 0

TOOLSOUP LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

6. Creditors: amounts falling due within one year note

2022 2021Bank loans and overdrafts 5,978 2,138Trade creditors 45,744 40,522Other creditors 109,517 112,194Other taxation and social security 30,413 29,246 191,652 184,100

TOOLSOUP LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

7. Creditors: amounts falling due after more than one year note

2022 2021Bank loans 44,175 48,101

TOOLSOUP LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

8. Related party transactions

Name of the related party:
Relationship:
Director
Description of the Transaction: Cash loan to the company
£
Balance at 01 January 2022 74,558
Balance at 31 December 2022 72,924