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Company Registration No. 09247510 (England and Wales)
TOOMEY LEGAL LIMITED Unaudited accounts for the year ended 31 October 2023
TOOMEY LEGAL LIMITED Unaudited accounts Contents
Page
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TOOMEY LEGAL LIMITED Company Information for the year ended 31 October 2023
Directors
S Shaw-Toomey J Atkinson-McGregor
Secretary
S Shaw-Toomey
Company Number
09247510 (England and Wales)
Registered Office
Surveyors House Cramlington Village Cramlington NE23 1DN
Accountants
MALLON:TAX PO Box 238 Houghton le Spring Co Durham DH4 9ES
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TOOMEY LEGAL LIMITED Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
8,132 
10,262 
Tangible assets
22,862 
28,162 
30,994 
38,424 
Current assets
Debtors
95,892 
76,617 
Cash at bank and in hand
97,941 
104,935 
193,833 
181,552 
Creditors: amounts falling due within one year
(75,721)
(76,541)
Net current assets
118,112 
105,011 
Total assets less current liabilities
149,106 
143,435 
Creditors: amounts falling due after more than one year
(15,304)
(25,817)
Provisions for liabilities
Deferred tax
(4,344)
(6,013)
Net assets
129,458 
111,605 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
129,358 
111,505 
Shareholders' funds
129,458 
111,605 
For the year ending 31 October 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 27 March 2024 and were signed on its behalf by
S Shaw-Toomey Director Company Registration No. 09247510
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TOOMEY LEGAL LIMITED Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
TOOMEY LEGAL LIMITED is a private company, limited by shares, registered in England and Wales, registration number 09247510. The registered office is Surveyors House, Cramlington Village, Cramlington, NE23 1DN.
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.
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 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% - 33% straight line
Motor vehicles
20% Reducing balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of completion.
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TOOMEY LEGAL LIMITED Notes to the Accounts for the year ended 31 October 2023
4
Intangible fixed assets
Other 
£ 
Cost
At 1 November 2022
16,350 
Additions
2,610 
At 31 October 2023
18,960 
Amortisation
At 1 November 2022
6,088 
Charge for the year
4,740 
At 31 October 2023
10,828 
Net book value
At 31 October 2023
8,132 
At 31 October 2022
10,262 
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 November 2022
26,885 
37,001 
63,886 
Additions
1,563 
- 
1,563 
At 31 October 2023
28,448 
37,001 
65,449 
Depreciation
At 1 November 2022
22,404 
13,320 
35,724 
Charge for the year
2,127 
4,736 
6,863 
At 31 October 2023
24,531 
18,056 
42,587 
Net book value
At 31 October 2023
3,917 
18,945 
22,862 
At 31 October 2022
4,481 
23,681 
28,162 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
50,642 
37,880 
Accrued income and prepayments
29,741 
38,558 
Other debtors
15,509 
179 
95,892 
76,617 
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TOOMEY LEGAL LIMITED Notes to the Accounts for the year ended 31 October 2023
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
10,648 
10,648 
VAT
29,887 
27,721 
Trade creditors
5,701 
7,737 
Taxes and social security
19,953 
21,640 
Other creditors
1,217 
855 
Accruals
8,315 
7,940 
75,721 
76,541 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
15,304 
25,817 
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
S Shaw-Toomey
Advance
(178)
11,584 
- 
11,406 
(178)
11,584 
- 
11,406 
Advances have been made to S Shaw-Toomey, a director of the company. The advance is repayable on demand and the company charges interest on outstanding balances at 2.5 per cent per annum.
10
Average number of employees
During the year the average number of employees was 12 (2022: 11).
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