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Registered Number: 06656877
England and Wales

 

 

 

TOMS NEWSAGENTS LIMITED


Unaudited Filleted Financial Statements
 


Period of accounts

Start date: 01 August 2022

End date: 31 July 2023
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 769    1,025 
769    1,025 
Current assets      
Stocks 4 25,000    22,400 
Debtors: amounts falling due within one year 5 40,985    40,985 
Cash at bank and in hand (4,487)   (3,187)
61,498    60,198 
Creditors: amount falling due within one year 6 (52,083)   (35,546)
Net current assets 9,415    24,652 
 
Total assets less current liabilities 10,184    25,677 
Creditors: amount falling due after more than one year 7 (52,937)   (57,922)
Net assets (42,753)   (32,245)
 

Capital and reserves
     
Called up share capital 8 100    100 
Profit and loss account (42,853)   (32,345)
Shareholders' funds (42,753)   (32,245)
 


For the year ended 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 18 July 2024 and were signed by:


-------------------------------
Karin Royer
Director
1
General Information
Toms Newsagents Limited is a private company, limited by shares, registered in England and Wales, registration number 06656877, registration address 4 Memorial Avenue, West Ham, London, E15 3DB.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared on the going concern basis and under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Tangible fixed assets
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets over their expected useful lives on the following basis:
Fixtures and Fittings 25% Reducing Balance
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Average number of employees

Average number of employees during the year was 3 (2022 : 3).
3.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Total
  £   £
At 01 August 2022 13,656    13,656 
Additions  
Disposals  
At 31 July 2023 13,656    13,656 
Depreciation
At 01 August 2022 12,631    12,631 
Charge for year 256    256 
On disposals  
At 31 July 2023 12,887    12,887 
Net book values
Closing balance as at 31 July 2023 769    769 
Opening balance as at 01 August 2022 1,025    1,025 


4.

Stocks

2023
£
  2022
£
Stocks 25,000    22,400 
25,000    22,400 

5.

Debtors: amounts falling due within one year

2023
£
  2022
£
Other Debtors 18,448    18,448 
Directors' Current Accounts 22,537    22,537 
40,985    40,985 

6.

Creditors: amount falling due within one year

2023
£
  2022
£
Bank Loans & Overdrafts 17,000   
Corporation Tax 10,330    10,330 
Accrued Expenses 1,800   
Other Creditors 22,110    24,755 
VAT 843    461 
52,083    35,546 

7.

Creditors: amount falling due after more than one year

2023
£
  2022
£
Bank Loans & Overdrafts 52,937    57,922 
52,937    57,922 

8.

Share Capital

Allotted, called up and fully paid
2023
£
  2022
£
100 Class A shares of £1.00 each 100    100 
100    100 

2