IRIS Accounts Production v23.4.0.336 14210391 Board of Directors Board of Directors 2.7.22 31.7.23 31.7.23 false true false false false true false Ordinary 1.00000 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh142103912022-07-01142103912023-07-31142103912022-07-022023-07-31142103912022-07-0114210391ns15:EnglandWales2022-07-022023-07-3114210391ns14:PoundSterling2022-07-022023-07-3114210391ns10:Director12022-07-022023-07-3114210391ns10:Director22022-07-022023-07-3114210391ns10:PrivateLimitedCompanyLtd2022-07-022023-07-3114210391ns10:SmallEntities2022-07-022023-07-3114210391ns10:AuditExemptWithAccountantsReport2022-07-022023-07-3114210391ns10:SmallCompaniesRegimeForDirectorsReport2022-07-022023-07-3114210391ns10:SmallCompaniesRegimeForAccounts2022-07-022023-07-3114210391ns10:FullAccounts2022-07-022023-07-311421039112022-07-022023-07-3114210391ns10:OrdinaryShareClass12022-07-022023-07-3114210391ns10:OrdinaryShareClass112022-07-022023-07-3114210391ns10:RegisteredOffice2022-07-022023-07-3114210391ns5:CurrentFinancialInstruments2023-07-3114210391ns5:Non-currentFinancialInstruments2023-07-3114210391ns5:ShareCapital2023-07-3114210391ns5:RetainedEarningsAccumulatedLosses2023-07-3114210391ns5:NetGoodwill2022-07-022023-07-3114210391ns5:FurnitureFittings2022-07-022023-07-3114210391ns5:MotorVehicles2022-07-022023-07-3114210391ns5:ComputerEquipment2022-07-022023-07-3114210391ns5:NetGoodwill2023-07-3114210391ns5:FurnitureFittings2023-07-3114210391ns5:MotorVehicles2023-07-3114210391ns5:ComputerEquipment2023-07-3114210391ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-07-022023-07-3114210391ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-07-3114210391ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-07-3114210391ns10:OrdinaryShareClass12023-07-31
REGISTERED NUMBER: 14210391 (England and Wales)















Unaudited Financial Statements

for the Period 2 July 2022 to 31 July 2023

for

TOM AND DUNCAN LTD

TOM AND DUNCAN LTD (REGISTERED NUMBER: 14210391)

Contents of the Financial Statements
for the period 2 July 2022 to 31 July 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

TOM AND DUNCAN LTD

Company Information
for the period 2 July 2022 to 31 July 2023







Directors: T J J Reed
D J Reed





Registered office: 51 Douglas Road
Esher
Surrey
KT10 8BA





Registered number: 14210391 (England and Wales)





Accountants: Cooper Parry Advisory Limited
Aissela
46 High Street
Esher
Surrey
KT10 9QY

TOM AND DUNCAN LTD (REGISTERED NUMBER: 14210391)

Balance Sheet
31 July 2023

Notes £ £
Fixed assets
Intangible assets 4 80,500
Tangible assets 5 37,548
118,048

Current assets
Stocks 45,000
Debtors 6 23,658
Cash at bank 6,694
75,352
Creditors
Amounts falling due within one year 7 184,300
Net current liabilities (108,948 )
Total assets less current liabilities 9,100

Creditors
Amounts falling due after more than one
year

8

40,500
Net liabilities (31,400 )

Capital and reserves
Called up share capital 9 2
Retained earnings (31,402 )
Shareholders' funds (31,400 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

TOM AND DUNCAN LTD (REGISTERED NUMBER: 14210391)

Balance Sheet - continued
31 July 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.

The financial statements were approved by the Board of Directors and authorised for issue on 2 April 2024 and were signed on its behalf by:




T J J Reed - Director



D J Reed - Director


TOM AND DUNCAN LTD (REGISTERED NUMBER: 14210391)

Notes to the Financial Statements
for the period 2 July 2022 to 31 July 2023


1. Statutory information

Tom And Duncan Ltd 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.

The company has a net liabilities position at the period end. The directors confirm continued support for the company to ensure liabilities of the company are met as they fall due and therefore consider the accounts being prepared on a going concern basis to be appropriate.

Key source of estimation, uncertainty and judgement
The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period.

There is estimation uncertainty in calculating depreciation. A full line by line review of fixed assets is carried out by management regularly. Whilst every attempt is made to ensure that the depreciation policy is as accurate as possible, there remains a risk that the policy does not match the useful life of the assets.

There is estimation uncertainty in calculating bad debt provisions. A full line by line review of trade debtors is carried out at the end of each month. Whilst every attempt is made to ensure that the bad debt provisions are as accurate as possible, there remains a risk that the provisions do not match the level of debts which ultimately prove to be uncollectable.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2023, is being amortised evenly over its estimated useful life of ten years.

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.
Fixtures and fittings - Straight line over 3 years
Motor vehicles - Straight line over 4 years
Computer equipment - Straight line over 3 years

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

TOM AND DUNCAN LTD (REGISTERED NUMBER: 14210391)

Notes to the Financial Statements - continued
for the period 2 July 2022 to 31 July 2023


2. Accounting policies - continued

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

Taxation
Taxation for the period comprises current and deferred tax. 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 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 period was 6 .

TOM AND DUNCAN LTD (REGISTERED NUMBER: 14210391)

Notes to the Financial Statements - continued
for the period 2 July 2022 to 31 July 2023


4. Intangible fixed assets
Goodwill
£
Cost
Additions 89,444
At 31 July 2023 89,444
Amortisation
Amortisation for period 8,944
At 31 July 2023 8,944
Net book value
At 31 July 2023 80,500

5. Tangible fixed assets
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£ £ £ £
Cost
Additions 2,639 36,100 488 39,227
At 31 July 2023 2,639 36,100 488 39,227
Depreciation
Charge for period 200 1,450 29 1,679
At 31 July 2023 200 1,450 29 1,679
Net book value
At 31 July 2023 2,439 34,650 459 37,548

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£
Cost
Additions 36,100
At 31 July 2023 36,100
Depreciation
Charge for period 1,450
At 31 July 2023 1,450
Net book value
At 31 July 2023 34,650

6. Debtors: amounts falling due within one year
£
Trade debtors 13,321
Other debtors 10,337
23,658

TOM AND DUNCAN LTD (REGISTERED NUMBER: 14210391)

Notes to the Financial Statements - continued
for the period 2 July 2022 to 31 July 2023


7. Creditors: amounts falling due within one year
£
Hire purchase contracts 6,694
Trade creditors 16,244
Taxation and social security 7,716
Other creditors 153,646
184,300

8. Creditors: amounts falling due after more than one year
£
Hire purchase contracts 19,226
Other creditors 21,274
40,500

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal
value: £
2 Ordinary £1 2

2 Ordinary shares of £1 each were allotted and fully paid for cash at par during the period.

10. Related party disclosures

At the period ended 31 July 2023 the Company owed the Directors £75,996. This amount was repayable on demand and subject to no interest charge

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Tom And Duncan Ltd


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Tom And Duncan Ltd for the period ended 31 July 2023 which comprise the Profit and Loss Account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Tom And Duncan Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Tom And Duncan Ltd and state those matters that we have agreed to state to the Board of Directors of Tom And Duncan Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Tom And Duncan Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Tom And Duncan Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Tom And Duncan Ltd. You consider that Tom And Duncan Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Tom And Duncan Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Cooper Parry Advisory Limited
Aissela
46 High Street
Esher
Surrey
KT10 9QY


2 April 2024