Registered number
13331599
TOGGAR LTD
Filleted Accounts
30 April 2023
TOGGAR LTD
Registered number: 13331599
Balance Sheet
as at 30 April 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 29,160 32,400
Current assets
Stocks 10,300 10,300
Debtors 4 8,942 -
Cash at bank and in hand 1,254 2,885
20,496 13,185
Creditors: amounts falling due within one year 5 (49,627) (44,683)
Net current liabilities (29,131) (31,498)
Net assets 29 902
Capital and reserves
Called up share capital 1 1
Profit and loss account 28 901
Shareholder's funds 29 902
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
G Saini
Director
Approved by the board on 1 April 2024
TOGGAR LTD
Notes to the Accounts
for the year ended 30 April 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor vehicle 10% per annum
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 1
3 Tangible fixed assets
Motor vehicles
£
Cost
At 1 May 2022 36,000
At 30 April 2023 36,000
Depreciation
At 1 May 2022 3,600
Charge for the year 3,240
At 30 April 2023 6,840
Net book value
At 30 April 2023 29,160
At 30 April 2022 32,400
4 Debtors 2023 2022
£ £
Trade debtors 8,942 -
5 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 1,315 1,055
Other creditors 48,312 43,628
49,627 44,683
6 Other information
TOGGAR LTD is a private company limited by shares and incorporated in England. Its registered office is:
60 Meath Road
Ilford
IG1 1JB
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