Company registration number: 04758576
Unaudited financial statements
for the year ended 31 May 2023
for
P J Tooth Limited
Pages for filing with the Registrar
Company registration number: 04758576
P J Tooth Limited
Balance sheet
as at 31 May 2023
2023 2022
Note £ £ £ £
Fixed assets
Intangible assets 4 20,000 25,000
Tangible assets 5 11,539 4,720
31,539 29,720
Current assets
Stocks 15,000 15,000
Debtors 39,735 11,510
Cash at bank and in hand 9,150 21,226
63,885 47,736
Creditors: amounts falling due within
one year
(4,185) 21,407
Net current assets 59,700 69,143
Total assets less current liabilities 91,239 98,863
Creditors: Amounts falling due after
more than one year
(43,618) (67,855)
NET ASSETS 47,621 31,008
Capital and reserves
Called up share capital 1 1
Profit and loss account 47,620 31,007
TOTAL EQUITY 47,621 31,008
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 May 2023.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 04758576
P J Tooth Limited
Balance sheet - continued
as at 31 May 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 Profit and loss account has not been delivered to the Registrar.
Signed by:
Mr P Tooth, Director
13 November 2023
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P J Tooth Limited
Notes to the financial statements
for the year ended 31 May 2023
1 Company information
The company is registered in England and Wales. Its registered number is 04758576. The company is limited by shares. Its registered office is 27 Borrowell Lane, Kenilworth, Warwickshire, CV8 1ER.
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 historic cost convention.
Going concern
In preparing these financial statements, the director has assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the director takes into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The director considers that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Amortisation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Goodwill -
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc.:
Plant and machinery -
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
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P J Tooth Limited
Notes to the financial statements - continued
for the year ended 31 May 2023
2 Accounting policies - continued
Taxation
Taxation for the year comprises current taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current 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.
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit and loss in the period to which they relate.
3 Average number of employees
During the year the average number of employees was 2 (2022 - 2).
4 Intangible assets
Goodwill
£
Cost
At 1 June 2022 100,000
At 31 May 2023 100,000
Amortisation
At 1 June 2022 75,000
Charge for year 5,000
At 31 May 2023 80,000
Net book value
At 31 May 2023 20,000
At 31 May 2022 25,000
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P J Tooth Limited
Notes to the financial statements - continued
for the year ended 31 May 2023
5 Tangible fixed assets
Plant and
machinery
etc.
£
Cost
At 1 June 2022 9,006
Additions 9,999
At 31 May 2023 19,005
Depreciation
At 1 June 2022 4,286
Charge for year 3,180
At 31 May 2023 7,466
Net book value
At 31 May 2023 11,539
At 31 May 2022 4,720
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