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
TOOMEY LEGAL LIMITED
Company Information
for the year ended 31 October 2023
Directors
S Shaw-Toomey
J Atkinson-McGregor
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
TOOMEY LEGAL LIMITED
Statement of financial position
as at 31 October 2023
Intangible assets
8,132
10,262
Tangible assets
22,862
28,162
Cash at bank and in hand
97,941
104,935
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
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
TOOMEY LEGAL LIMITED
Notes to the Accounts
for the year ended 31 October 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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.
TOOMEY LEGAL LIMITED
Notes to the Accounts
for the year ended 31 October 2023
4
Intangible fixed assets
Other
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
At 31 October 2023
28,448
37,001
65,449
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
At 31 October 2023
3,917
18,945
22,862
At 31 October 2022
4,481
23,681
28,162
Amounts falling due within one year
Trade debtors
50,642
37,880
Accrued income and prepayments
29,741
38,558
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
Trade creditors
5,701
7,737
Taxes and social security
19,953
21,640
8
Creditors: amounts falling due after more than one year
2023
2022
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Advance
(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).