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REGISTERED NUMBER: 03896590 (England and Wales)












FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

TOYS 'N' TUCK LIMITED

TOYS 'N' TUCK LIMITED (REGISTERED NUMBER: 03896590)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TOYS 'N' TUCK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: A L Dadswell
J L Dadswell
E Dadswell





SECRETARY: J L Dadswell





REGISTERED OFFICE: Turnpike House
1208/1210 London Road
Leigh on Sea
Essex
SS9 2UA





REGISTERED NUMBER: 03896590 (England and Wales)





ACCOUNTANTS: Segrave & Partners LLP
Chartered Accountants
Turnpike House
1208/1210 London Road
Leigh on Sea
Essex
SS9 2UA

TOYS 'N' TUCK LIMITED (REGISTERED NUMBER: 03896590)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 6,000 12,000
Tangible assets 5 8,566 8,541
Investments 6 4,000 4,000
18,566 24,541

CURRENT ASSETS
Stocks 168,000 172,705
Debtors 7 7,780 3,723
Cash at bank and in hand 68,314 67,437
244,094 243,865
CREDITORS
Amounts falling due within one year 8 186,337 229,840
NET CURRENT ASSETS 57,757 14,025
TOTAL ASSETS LESS CURRENT
LIABILITIES

76,323

38,566

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 76,223 38,466
SHAREHOLDERS' FUNDS 76,323 38,566

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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.

TOYS 'N' TUCK LIMITED (REGISTERED NUMBER: 03896590)

BALANCE SHEET - continued
30 APRIL 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 July 2024 and were signed on its behalf by:




A L Dadswell - Director J L Dadswell - Director




E Dadswell - Director


TOYS 'N' TUCK LIMITED (REGISTERED NUMBER: 03896590)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Toys 'n' Tuck 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - over the period of the lease
Fixtures and fittings - 15% on reducing balance
Office and shop equipment - 20% on 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

TOYS 'N' TUCK LIMITED (REGISTERED NUMBER: 03896590)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 16 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 120,000
AMORTISATION
At 1 May 2023 108,000
Charge for year 6,000
At 30 April 2024 114,000
NET BOOK VALUE
At 30 April 2024 6,000
At 30 April 2023 12,000

5. TANGIBLE FIXED ASSETS
Fixtures Office
Short and and shop
leasehold fittings equipment Totals
£    £    £    £   
COST
At 1 May 2023 7,068 13,298 52,307 72,673
Additions - 1,497 265 1,762
At 30 April 2024 7,068 14,795 52,572 74,435
DEPRECIATION
At 1 May 2023 7,068 8,350 48,714 64,132
Charge for year - 966 771 1,737
At 30 April 2024 7,068 9,316 49,485 65,869
NET BOOK VALUE
At 30 April 2024 - 5,479 3,087 8,566
At 30 April 2023 - 4,948 3,593 8,541

TOYS 'N' TUCK LIMITED (REGISTERED NUMBER: 03896590)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 May 2023
and 30 April 2024 4,000
NET BOOK VALUE
At 30 April 2024 4,000
At 30 April 2023 4,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Prepayments 7,780 3,723

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 115,583 135,503
Tax 22,598 18,159
Social security and other taxes 2,160 1,908
VAT 7,787 7,854
Directors' current accounts 32,855 60,931
Accrued expenses 5,354 5,485
186,337 229,840

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Between one and five years 141,000 188,000