TOYITO BRIGHTON LIMITED

Company Registration Number:
11323580 (England and Wales)

Unaudited abridged accounts for the year ended 30 April 2023

Period of accounts

Start date: 01 May 2022

End date: 30 April 2023

TOYITO BRIGHTON LIMITED

Contents of the Financial Statements

for the Period Ended 30 April 2023

Balance sheet
Notes

TOYITO BRIGHTON LIMITED

Balance sheet

As at 30 April 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 325,582 40,101
Total fixed assets: 325,582 40,101
Current assets
Stocks: 1,500 1,500
Debtors:   41,851 30,136
Cash at bank and in hand: 135,027 284,020
Total current assets: 178,378 315,656
Creditors: amounts falling due within one year:   (123,798) (117,577)
Net current assets (liabilities): 54,580 198,079
Total assets less current liabilities: 380,162 238,180
Total net assets (liabilities): 380,162 238,180
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 380,062 238,080
Shareholders funds: 380,162 238,180

The notes form part of these financial statements

TOYITO BRIGHTON LIMITED

Balance sheet statements

For the year ending 30 April 2023 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 04 February 2024
and signed on behalf of the board by:

Name: Minsub Lee
Status: Director

The notes form part of these financial statements

TOYITO BRIGHTON LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

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

Tangible fixed assets and depreciation policy

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:Improvement to property: 20% on reducing balance basisPlant & machinery: 25% on reducing balance basisFixtures & fittings: 20% on reducing balance basisComputer: 33% on reducing balance basis

Valuation and information policy

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

Other accounting policies

Hire purchase and leasing commitmentsRentals 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 benefitsThe 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

TOYITO BRIGHTON LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2023

2. Employees

2023 2022
Average number of employees during the period 15 15

TOYITO BRIGHTON LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2023

3. Tangible Assets

Total
Cost £
At 01 May 2022 66,931
Additions 307,712
At 30 April 2023 374,643
Depreciation
At 01 May 2022 26,830
Charge for year 22,231
At 30 April 2023 49,061
Net book value
At 30 April 2023 325,582
At 30 April 2022 40,101