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Registered number: 08452818
Tomaal Tool Steel Ltd
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 July 2023
Alliance Accountants Ltd
First Floor Brailsford House
Knapp Lane
Cheltenham
Glos
GL50 3QA
Unaudited Financial Statements
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 08452818
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 256,648 225,771
Investments 5 1,360,005 1,360,005
1,616,653 1,585,776
CURRENT ASSETS
Stocks 79,042 70,150
Debtors 6 494,963 340,973
Cash at bank and in hand 223,206 352,295
797,211 763,418
Creditors: Amounts Falling Due Within One Year (1,348,996 ) (1,392,224 )
NET CURRENT ASSETS (LIABILITIES) (551,785 ) (628,806 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,064,868 956,970
NET ASSETS 1,064,868 956,970
CAPITAL AND RESERVES
Called up share capital 7 75 75
Capital redemption reserve 25 25
Profit and Loss Account 1,064,768 956,870
SHAREHOLDERS' FUNDS 1,064,868 956,970
Page 1
Page 2
For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 July 2023 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Alan Townsend
Director
03/04/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Tomaal Tool Steel Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08452818 . The registered office is Unit 6A, Eastbrook Road, Eastern Avenue, Gloucester, Gloucestershire, GL4 3DB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold Recorded at cost
Plant & Machinery 25% Straight Line
Motor Vehicles 25% Straight Line
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2023 2022
Management, Sales & Operations 1 1
1 1
Page 3
Page 4
4. Tangible Assets
Total
£
Cost
As at 1 August 2022 339,774
Additions 59,554
Disposals (21,554 )
As at 31 July 2023 377,774
Depreciation
As at 1 August 2022 114,003
Provided during the period 23,135
Disposals (16,012 )
As at 31 July 2023 121,126
Net Book Value
As at 31 July 2023 256,648
As at 1 August 2022 225,771
5. Investments
Total
£
Cost
As at 1 August 2022 1,360,005
As at 31 July 2023 1,360,005
Provision
As at 1 August 2022 -
As at 31 July 2023 -
Net Book Value
As at 31 July 2023 1,360,005
As at 1 August 2022 1,360,005
6. Debtors
2023 2022
£ £
Due after more than one year
Directors loan account 29,112 27,732
29,112 27,732
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 75 75
8. Dividends
No dividends were declared during the year

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