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Company Registration No. 12245258 (England and Wales)
TOKONEY LTD Unaudited accounts for the year ended 31 October 2023
TOKONEY LTD Unaudited accounts Contents
Page
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TOKONEY LTD Company Information for the year ended 31 October 2023
Director
Mr Hugo Cooke
Company Number
12245258 (England and Wales)
Registered Office
85 GREAT PORTLAND STREET LONDON W1W 7LT ENGLAND
Accountants
Sleek Accounting Ltd 107 Kirkgate Leeds West Yorkshire LS1 6DP
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TOKONEY LTD Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
45,517 
13,852 
Tangible assets
504 
- 
46,021 
13,852 
Current assets
Inventories
17,147 
17,147 
Debtors
2,472 
- 
Cash at bank and in hand
46,312 
16,204 
65,931 
33,351 
Creditors: amounts falling due within one year
(5,621)
(54,960)
Net current assets/(liabilities)
60,310 
(21,609)
Total assets less current liabilities
106,331 
(7,757)
Creditors: amounts falling due after more than one year
(49,195)
(50,000)
Net assets/(liabilities)
57,136 
(57,757)
Capital and reserves
Called up share capital
1 
1 
Share premium
186,511 
- 
Profit and loss account
(129,376)
(57,758)
Shareholders' funds
57,136 
(57,757)
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 31 July 2024 and were signed on its behalf by
Mr Hugo Cooke Director Company Registration No. 12245258
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TOKONEY LTD Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
TOKONEY LTD is a private company, limited by shares, registered in England and Wales, registration number 12245258. The registered office is 85 GREAT PORTLAND STREET, LONDON, W1W 7LT, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
3 years straight line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost. The assets will be amortised once they are brought into use.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
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TOKONEY LTD Notes to the Accounts for the year ended 31 October 2023
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 November 2022
13,852 
Additions
31,665 
At 31 October 2023
45,517 
Amortisation
At 1 November 2022
- 
At 31 October 2023
- 
Net book value
At 31 October 2023
45,517 
At 31 October 2022
13,852 
5
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 November 2022
- 
Additions
567 
At 31 October 2023
567 
Depreciation
Charge for the year
63 
At 31 October 2023
63 
Net book value
At 31 October 2023
504 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
2,472 
- 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
805 
- 
VAT
- 
1,302 
Taxes and social security
2,222 
597 
Other creditors
394 
10,000 
Loans from directors
- 
41,511 
Accruals
2,200 
1,550 
5,621 
54,960 
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TOKONEY LTD Notes to the Accounts for the year ended 31 October 2023
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
49,195 
50,000 
9
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1,029,375 Ordinary shares of £0.000001 each
1.02 
1.00 
155,000 Ordinary A shares of £0.000001 each
0.15 
- 
1.17 
1.00 
Shares issued during the period:
29,375 Ordinary shares of £0.000001 each
0.02 
155,000 Ordinary A shares of £0.000001 each
0.15 
0.17 
10
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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