Toketaware Ltd Filleted Accounts Cover
Toketaware Ltd
Company No. 08354250
Information for Filing with The Registrar
29 February 2024
Toketaware Ltd Directors Report Registrar
The Director presents his report and the accounts for the period ended 29 February 2024.
Principal activities
The principal activity of the company during the period under review was IT Software.
Director
The Director who served at any time during the period was as follows:
C. Scott
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
C. Scott
Director
13 March 2024
Toketaware Ltd Balance Sheet Registrar
at
29 February 2024
Company No.
08354250
Notes
2024
2023
£
£
Fixed assets
Tangible assets
4
-6,311
-6,311
Current assets
Stocks
5
-13,794
Debtors
6
6239
Cash at bank and in hand
2,574,0792,439,188
2,574,1412,453,021
Creditors: Amount falling due within one year
7
(58,125)
(48,795)
Net current assets
2,516,0162,404,226
Total assets less current liabilities
2,516,0162,410,537
Net assets
2,516,0162,410,537
Capital and reserves
Called up share capital
1010
Profit and loss account
8
2,516,0062,410,527
Total equity
2,516,0162,410,537
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the period ended 29 February 2024 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 13 March 2024 and signed on its behalf by:
C. Scott
Director
13 March 2024
Toketaware Ltd Notes to the Accounts Registrar
for the period ended 29 February 2024
1
General information
Toketaware Ltd is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 08354250
Its registered office is:
Laurel Bank
35a Main Street
Wilberfoss
YO41 5NN
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2
Accounting policies
Turnover
Turnover is generated from the rendering of services. Turnover is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
- the amount of turnover can be measured reliably
- it is probable that the company will receive the consideration due under the contract
- the stage of completion of the contract at the end of the reporting period can be measured
reliably; and
- the costs incurred and the costs to complete the contract can be measured reliably.
Tangible fixed assets and depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.
Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
Furniture, fittings and equipment
25% Reducing Balance
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Provisions
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the balance sheet.
3
Employees
2024
2023
Number
Number
The average monthly number of employees (including directors) during the period:
11
4
Tangible fixed assets
Fixtures, fittings and equipment
Total
£
£
Cost or revaluation
At 1 February 2023
12,17712,177
Additions
1,2761,276
Disposals
(13,453)
(13,453)
At 29 February 2024
--
Depreciation
At 1 February 2023
5,8665,866
Disposals
(5,866)
(5,866)
At 29 February 2024
--
Net book values
At 29 February 2024
--
At 31 January 2023
6,311
6,311
5
Stocks
2024
2023
£
£
Work in progress
-13,794
-13,794
6
Debtors
2024
2023
£
£
VAT recoverable
6239
6239
7
Creditors:
amounts falling due within one year
2024
2023
£
£
Taxes and social security
42,134
32,703
Loans from directors
15,99116,091
Accruals and deferred income
-1
58,12548,795
8
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
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