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REGISTERED NUMBER: 01446299 (England and Wales)















TONISCOTT HOLDINGS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






TONISCOTT HOLDINGS LIMITED (REGISTERED NUMBER: 01446299)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Statement of Financial Position 2 to 3

Notes to the Financial Statements 4 to 6


TONISCOTT HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mrs M D S Davie
K J Davie





SECRETARY: Mrs M D S Davie





REGISTERED OFFICE: 8 Duke Street
Loughborough
Leicestershire
LE11 1ED





REGISTERED NUMBER: 01446299 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
3 Princes Court
Royal Way
Loughborough
Leicestershire
LE11 5XR

TONISCOTT HOLDINGS LIMITED (REGISTERED NUMBER: 01446299)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 75,275 77,284
Investments 5 9,999 9,999
85,274 87,283

CURRENT ASSETS
Inventories 1,000 1,000
Debtors 6 4,904 6,327
Cash at bank and in hand 99,536 120,632
105,440 127,959
CREDITORS
Amounts falling due within one year 7 49,738 49,385
NET CURRENT ASSETS 55,702 78,574
TOTAL ASSETS LESS CURRENT LIABILITIES 140,976 165,857

CREDITORS
Amounts falling due after more than one year 8 (10,000 ) (15,947 )

PROVISIONS FOR LIABILITIES (2,103 ) (3,781 )
NET ASSETS 128,873 146,129

CAPITAL AND RESERVES
Called up share capital 9 82,000 82,000
Retained earnings 46,873 64,129
SHAREHOLDERS' FUNDS 128,873 146,129

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

TONISCOTT HOLDINGS LIMITED (REGISTERED NUMBER: 01446299)

STATEMENT OF FINANCIAL POSITION - continued
31 DECEMBER 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 April 2024 and were signed on its behalf by:





Mrs M D S Davie - Director


TONISCOTT HOLDINGS LIMITED (REGISTERED NUMBER: 01446299)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. GENERAL INFORMATION

Toniscott Holdings Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

The financial statements cover the individual entity.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements
The financial statements contain information about Toniscott Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Revenue
Revenue represents net invoiced sales of goods and services, excluding value added tax.

Property, plant and equipment
Property, plant & equipment assets are held at cost less accumulated depreciation. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.


Freehold property- 2% on cost
Plant and machinery- 10% on cost
Fixtures and fittings- 10% on cost
Motor vehicles- 25% on reducing balance
Rolls Royce vehicles- Valued by directors


Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The 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.

TONISCOTT HOLDINGS LIMITED (REGISTERED NUMBER: 01446299)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 5 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 61,353 95,299 156,652
Additions 5,000 5,672 10,672
Disposals - (42,937 ) (42,937 )
At 31 December 2023 66,353 58,034 124,387
DEPRECIATION
At 1 January 2023 17,110 62,258 79,368
Charge for year 1,027 2,904 3,931
Eliminated on disposal - (34,187 ) (34,187 )
At 31 December 2023 18,137 30,975 49,112
NET BOOK VALUE
At 31 December 2023 48,216 27,059 75,275
At 31 December 2022 44,243 33,041 77,284

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2023
and 31 December 2023 9,999
NET BOOK VALUE
At 31 December 2023 9,999
At 31 December 2022 9,999

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 989 2,827
Other debtors 3,915 3,500
4,904 6,327

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 4,198
Trade creditors 14,304 13,802
Taxation and social security 27,661 26,359
Other creditors 7,773 5,026
49,738 49,385

TONISCOTT HOLDINGS LIMITED (REGISTERED NUMBER: 01446299)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 5,947
Amounts owed to group undertakings 10,000 10,000
10,000 15,947

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
41,000 A Ordinary 1 41,000 41,000
41,000 B Ordinary 1 41,000 41,000
82,000 82,000