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REGISTERED NUMBER: 06097808 (England and Wales)


















Tovalco Ltd

Unaudited Financial Statements

for the Year Ended 29 February 2024






Tovalco Ltd (Registered number: 06097808)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Tovalco Ltd

Company Information
for the Year Ended 29 February 2024







DIRECTOR: Mr T W Mason





REGISTERED OFFICE: 17 Rendcomb
Rendcomb Village
Cirencester
Gloucestershire
GL7 7HB





REGISTERED NUMBER: 06097808 (England and Wales)





ACCOUNTANTS: AMS Accountancy Limited
Delta 606
Welton Road
Delta Office Park
Swindon
Wiltshire
SN5 7XF

Tovalco Ltd (Registered number: 06097808)

Balance Sheet
29 February 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 327 894

CURRENT ASSETS
Debtors 5 2,234 14,060
Cash at bank 31,126 24,620
33,360 38,680
CREDITORS
Amounts falling due within one year 6 (24,108 ) (22,531 )
NET CURRENT ASSETS 9,252 16,149
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,579

17,043

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 9,479 16,943
SHAREHOLDERS' FUNDS 9,579 17,043

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Tovalco Ltd (Registered number: 06097808)

Balance Sheet - continued
29 February 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 September 2024 and were signed by:





Mr T W Mason - Director


Tovalco Ltd (Registered number: 06097808)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Tovalco Ltd 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost
Fixtures and fittings - 25% on cost
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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 1 (2023 - 1 ) .

Tovalco Ltd (Registered number: 06097808)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 March 2023
and 29 February 2024 249 91 2,050 2,390
DEPRECIATION
At 1 March 2023 212 41 1,243 1,496
Charge for year 36 23 508 567
At 29 February 2024 248 64 1,751 2,063
NET BOOK VALUE
At 29 February 2024 1 27 299 327
At 28 February 2023 37 50 807 894

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,134 -
Other debtors 100 14,060
2,234 14,060

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 158 -
Taxation and social security 23,939 22,404
Other creditors 11 127
24,108 22,531

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100