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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
Page
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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
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TOTH (Kirkby Lonsdale) Limited Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
56,377 
68,402 
Current assets
Inventories
13,300 
13,300 
Debtors
63,895 
63,414 
Cash at bank and in hand
1,979 
1,125 
79,174 
77,839 
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 
Capital and reserves
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
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TOTH (Kirkby Lonsdale) Limited Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Deferred taxation
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
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.
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TOTH (Kirkby Lonsdale) Limited Notes to the Accounts for the year ended 31 January 2024
Pension costs
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.
Going concern
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 
£ 
Cost
At 1 February 2023
30,000 
At 31 January 2024
30,000 
Amortisation
At 1 February 2023
30,000 
At 31 January 2024
30,000 
Net book value
At 31 January 2024
- 
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 
Depreciation
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 
Net book value
At 31 January 2024
12,509 
43,868 
56,377 
At 31 January 2023
15,854 
52,548 
68,402 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
1,360 
- 
Other debtors
62,535 
63,414 
63,895 
63,414 
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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 
VAT
39,821 
33,531 
Trade creditors
45,519 
27,639 
Taxes and social security
203 
6,167 
Other creditors
8,431 
7,261 
Accruals
5,851 
2,861 
119,683 
97,183 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
43,933 
38,231 
9
Share capital
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 
1,000 
1,000 
10
Loans to directors
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).
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