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Company Registration No. 12005759 (England and Wales)
Tofulicious Ltd Unaudited accounts for the year ended 31 May 2023
Tofulicious Ltd Unaudited accounts Contents
Page
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Tofulicious Ltd Company Information for the year ended 31 May 2023
Directors
Changsheng Dai Sean Dennis
Company Number
12005759 (England and Wales)
Registered Office
274 Ampthill Road Bedford MK42 9QJ
Accountants
Tax Return Accountants Ltd 26 Spinning Wheel Way Hackbridge WALLINGTON GB SM6 7DS
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Tofulicious Ltd Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Current assets
Debtors
19,838 
17,694 
Cash at bank and in hand
2,666 
2,300 
22,504 
19,994 
Creditors: amounts falling due within one year
(9,930)
(9,830)
Net current assets
12,574 
10,164 
Total assets less current liabilities
12,574 
10,164 
Creditors: amounts falling due after more than one year
(20,802)
(59,016)
Net liabilities
(8,228)
(48,852)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(8,328)
(48,952)
Shareholders' funds
(8,228)
(48,852)
For the year ending 31 May 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 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 2 February 2024 and were signed on its behalf by
Changsheng Dai Director Company Registration No. 12005759
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Tofulicious Ltd Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
Tofulicious Ltd is a private company, limited by shares, registered in England and Wales, registration number 12005759. The registered office is 274 Ampthill Road, Bedford , MK42 9QJ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Current and deferred taxation
The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Statement of Financial Position date, except that: - The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and - Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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Tofulicious Ltd Notes to the Accounts for the year ended 31 May 2023
Going concern
The directors acknowledge the latest guidance on going concern. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence for a period of twelve months from the date of approval of the financial statements, a trend which they expect to extend beyond this period, and therefore she continues to adopt the going concern basis in preparing the annual financial statements.
4
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
4,751 
2,607 
Amounts falling due after more than one year
Trade debtors
15,087 
15,087 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
900 
800 
Other creditors
9,030 
9,030 
9,930 
9,830 
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
9,932 
13,796 
Loans from directors
10,870 
45,220 
20,802 
59,016 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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