Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31false2023-01-01No description of principal activity00falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 03207153 2023-01-01 2023-12-31 03207153 2022-01-01 2022-12-31 03207153 2023-12-31 03207153 2022-12-31 03207153 c:Director3 2023-01-01 2023-12-31 03207153 d:CurrentFinancialInstruments 2023-12-31 03207153 d:CurrentFinancialInstruments 2022-12-31 03207153 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 03207153 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 03207153 d:ShareCapital 2023-12-31 03207153 d:ShareCapital 2022-12-31 03207153 d:RetainedEarningsAccumulatedLosses 2023-12-31 03207153 d:RetainedEarningsAccumulatedLosses 2022-12-31 03207153 c:OrdinaryShareClass1 2023-01-01 2023-12-31 03207153 c:OrdinaryShareClass1 2023-12-31 03207153 c:OrdinaryShareClass1 2022-12-31 03207153 c:FRS102 2023-01-01 2023-12-31 03207153 c:Audited 2023-01-01 2023-12-31 03207153 c:FullAccounts 2023-01-01 2023-12-31 03207153 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 03207153 c:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 03207153 2 2023-01-01 2023-12-31 03207153 e:UnitedKingdom 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 03207153










TOY BROKERS LIMITED










FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
TOY BROKERS LIMITED
REGISTERED NUMBER: 03207153

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 3 
1,058,960
1,247,644

Cash at bank and in hand
 4 
10,110
115,352

  
1,069,070
1,362,996

Creditors: amounts falling due within one year
 5 
(91,638)
(199,213)

Net current assets
  
 
 
977,432
 
 
1,163,783

Total assets less current liabilities
  
977,432
1,163,783

  

Net assets
  
977,432
1,163,783


Capital and reserves
  

Called up share capital 
 6 
1
1

Profit and loss account
  
977,431
1,163,782

  
977,432
1,163,783


The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




A C Shepherd
Director

Date: 27 August 2024

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 
TOY BROKERS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Toy Brokers Limited is a private company limited by share capital and incorporated in England and Wales.  The address of the registered office and principal place of business is Hercules House, Pierson Road, Alconbury Weald, Huntingdon, Cambridgeshire, PE28 4YA.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.4

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.5

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Page 2

 
TOY BROKERS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.7

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in the Statement of Comprehensive Income within 'administration expenses'.

 
2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

 
2.9

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.10

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Page 3

 
TOY BROKERS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

3.


Debtors

2023
2022
£
£


Trade debtors
30,455
-

Amounts owed by group undertakings
984,795
1,213,595

Other debtors
43,710
34,049

1,058,960
1,247,644



4.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
10,110
115,352



5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
26,135
56,150

Amounts owed to group undertakings
61,659
101,650

Corporation tax
-
3,681

Accruals and deferred income
3,844
37,732

91,638
199,213



6.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1 (2022 - 1) Ordinary shares of £1.00 each
1
1



7.


Controlling party

The ultimate parent company is Toy Brokers Holdings Limited, a company registered in England and Wales. 
The parent of both the largest and smallest group for which group accounts including Toy Brokers Limited are drawn up is Toy Brokers Holdings Limited. Copies of these accounts may be obtained from Companies House, Crown Way, Cardiff, CF14 3UZ.

Page 4

 
TOY BROKERS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

8.


Auditor's information

The auditor's report on the financial statements for the year ended 31 December 2023 was unqualified.

The audit report was signed on 27 August 2024 by Alexander Peal BSc (Hons) FCA DChA (Senior Statutory Auditor) on behalf of James Cowper Kreston Audit.


Page 5