Company Registration No. 12245258 (England and Wales)
TOKONEY LTD
Unaudited accounts
for the year ended 31 October 2023
TOKONEY LTD
Unaudited accounts
Contents
TOKONEY LTD
Company Information
for the year ended 31 October 2023
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
TOKONEY LTD
Statement of financial position
as at 31 October 2023
Intangible assets
45,517
13,852
Cash at bank and in hand
46,312
16,204
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)
Called up share capital
1
1
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
TOKONEY LTD
Notes to the Accounts
for the year ended 31 October 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 (including purchased goodwill and patents) are included at cost. The assets will be amortised once they are brought into use.
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 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.
Expenditure on research and development is written off in the year in which it is incurred.
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.
TOKONEY LTD
Notes to the Accounts
for the year ended 31 October 2023
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Computer equipment
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
805
-
Taxes and social security
2,222
597
Other creditors
394
10,000
Loans from directors
-
41,511
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
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
-
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
10
Average number of employees
During the year the average number of employees was 1 (2022: 1).