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Registration number: 07812952

Tobal Consulting Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 October 2023

 

Tobal Consulting Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Tobal Consulting Ltd

Company Information

Director

Mr A Jackson

Registered office

317 Sheen Road
Richmond
TW10 5AW

Accountants

D.J. Reynolds & Co.
Chartered Accountants
15 Alverton Street
Penzance
Cornwall
TR18 2QP

 

Tobal Consulting Ltd

(Registration number: 07812952)
Balance Sheet as at 31 October 2023

Note

2023
£

2022
£

Current assets

 

Cash at bank and in hand

 

28,290

26,767

Creditors: Amounts falling due within one year

5

(7,604)

(7,531)

Net assets

 

20,686

19,236

Capital and reserves

 

Called up share capital

6

30

30

Retained earnings

20,656

19,206

Shareholders' funds

 

20,686

19,236

For the financial 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.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 30 July 2024
 

.........................................
Mr A Jackson
Director

 

Tobal Consulting Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
317 Sheen Road
Richmond
TW10 5AW

These financial statements were authorised for issue by the director on 30 July 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Computer equipment

25% straight-line basis

 

Tobal Consulting Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Stocks

The cost of work in progress comprises direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2022 - 2).

 

Tobal Consulting Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 November 2022

2,045

2,045

At 31 October 2023

2,045

2,045

Depreciation

At 1 November 2022

2,045

2,045

At 31 October 2023

2,045

2,045

Carrying amount

At 31 October 2023

-

-

5

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Taxation and social security

313

293

Accruals and deferred income

950

896

Other creditors

6,341

6,342

7,604

7,531

 

Tobal Consulting Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

6

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Class A Ordinary share of £1 each

10

10

10

10

Class B Ordinary share of £1 each

10

10

10

10

Class C Ordinary share of £1 each

10

10

10

10

 

30

30

30

30

7

Related party transactions

Transactions with the director

2023

At 1 November 2022
£

At 31 October 2023
£

Mr N P Schlaepfer

Interest-free loan to the company, repayable on demand

3,431

3,431

     
   

Mr A Jackson

Interest-free loan to the company, repayable on demand

2,911

2,911

     
   

 

2022

At 1 November 2021
£

Advances to director
£

Repayments by director
£

At 31 October 2022
£

Mr N P Schlaepfer

Interest-free loan to the company, repayable on demand

(1,119)

(1,950)

6,500

3,431

         
       

Mr A Jackson

Interest-free loan to the company, repayable on demand

2,911

-

-

2,911