Company Registration No. 07890805 (England and Wales)
TOTH (Kirkby Lonsdale) Limited
Unaudited accounts
for the year ended 31 January 2024
TOTH (Kirkby Lonsdale) Limited
Unaudited accounts
Contents
TOTH (Kirkby Lonsdale) Limited
Company Information
for the year ended 31 January 2024
Directors
Mr G R Taylor
Mrs K J Ridding
Mr R S Taylor
Company Number
07890805 (England and Wales)
Registered Office
9 Fairbank
Kirkby Lonsdale
Carnforth
Cumbria
LA6 2BD
Accountants
Parkin Finance Limited
TOTH (Kirkby Lonsdale) Limited
Statement of financial position
as at 31 January 2024
Tangible assets
56,377
68,402
Cash at bank and in hand
1,979
1,125
Creditors: amounts falling due within one year
(119,683)
(97,183)
Net current liabilities
(40,509)
(19,344)
Total assets less current liabilities
15,868
49,058
Creditors: amounts falling due after more than one year
(43,933)
(38,231)
Provisions for liabilities
Deferred tax
(2,869)
(9,788)
Net (liabilities)/assets
(30,934)
1,039
Called up share capital
1,000
1,000
Profit and loss account
(31,934)
39
Shareholders' funds
(30,934)
1,039
For the year ending 31 January 2024 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 directors acknowledge their 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 of Directors and authorised for issue on 12 October 2024 and were signed on its behalf by
Mrs K J Ridding
Director
Company Registration No. 07890805
TOTH (Kirkby Lonsdale) Limited
Notes to the Accounts
for the year ended 31 January 2024
TOTH (Kirkby Lonsdale) Limited is a private company, limited by shares, registered in England and Wales, registration number 07890805. The registered office is 9 Fairbank, Kirkby Lonsdale, Carnforth, Cumbria, LA6 2BD.
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.
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.
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:
Land & buildings
5 years straight line
Plant & machinery
15% or 25% reducing balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
TOTH (Kirkby Lonsdale) Limited
Notes to the Accounts
for the year ended 31 January 2024
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
The Directors consider there is more certainty about the future trading performance of the company, and will support the business during this period. We will take advantage of the support available as and when required; it will help us to operate within our available cash reserves and bank facilities during this period. The Directors consider it appropriate to prepare these financial statements on a going concern basis.
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
At 1 February 2023
82,755
132,599
215,354
At 31 January 2024
82,755
132,599
215,354
At 1 February 2023
66,901
80,051
146,952
Charge for the year
3,345
8,680
12,025
At 31 January 2024
70,246
88,731
158,977
At 31 January 2024
12,509
43,868
56,377
At 31 January 2023
15,854
52,548
68,402
Amounts falling due within one year
Accrued income and prepayments
1,360
-
Other debtors
62,535
63,414
TOTH (Kirkby Lonsdale) Limited
Notes to the Accounts
for the year ended 31 January 2024
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
19,858
19,724
Trade creditors
45,519
27,639
Taxes and social security
203
6,167
Other creditors
8,431
7,261
8
Creditors: amounts falling due after more than one year
2024
2023
Allotted, called up and fully paid:
510 'A' Ordinary shares of £1 each
510
510
245 'B' Ordinary shares of £1 each
245
245
245 'C' Ordinary shares of £1 each
245
245
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors Loan
28,561
17,136
28,561
17,136
Directors Loan
21,190
31,089
21,190
31,089
Directors Loan
4,041
4,041
4,041
4,041
53,792
52,266
53,792
52,266
Directors Loans include interest charged at 2%.
11
Average number of employees
During the year the average number of employees was 35 (2023: 34).