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REGISTERED NUMBER: 09396197 (England and Wales)















Report of the Directors and

Unaudited Financial Statements for the Year Ended 31 January 2024

for

Touzel Ltd

Touzel Ltd (Registered number: 09396197)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Report of the Directors 2

Statement of Income and Retained Earnings 3

Balance Sheet 4

Notes to the Financial Statements 5


Touzel Ltd

Company Information
for the Year Ended 31 January 2024







DIRECTORS: R A Percival
Mrs L E Percival





SECRETARY: D J Owen





REGISTERED OFFICE: The Old House
Main Street
Maids Moreton
Buckingham
Buckinghamshire
MK18 1QU





REGISTERED NUMBER: 09396197 (England and Wales)





ACCOUNTANTS: Facts and Figures
P O Box 583
Maids Moreton
Buckingham
Buckinghamshire
MK18 1TQ

Touzel Ltd (Registered number: 09396197)

Report of the Directors
for the Year Ended 31 January 2024

The directors present their report with the financial statements of the company for the year ended 31 January 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of a Management Consultancy Company

DIRECTORS
The directors shown below have held office during the whole of the period from 1 February 2023 to the date of this report.

R A Percival
Mrs L E Percival

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





R A Percival - Director


14 October 2024

Touzel Ltd (Registered number: 09396197)

Statement of Income and Retained Earnings
for the Year Ended 31 January 2024

31.1.24 31.1.23
Notes £    £   

TURNOVER 117,029 125,498

Cost of sales (8,226 ) (17,150 )
GROSS PROFIT 108,803 108,348

Administrative expenses (53,517 ) (63,118 )
OPERATING PROFIT and
PROFIT BEFORE TAXATION 55,286 45,230

Tax on profit (11,151 ) (8,945 )
PROFIT FOR THE FINANCIAL YEAR 44,135 36,285

Retained earnings at beginning of year 20,327 14,042

Dividends (27,000 ) (30,000 )

RETAINED EARNINGS AT END OF
YEAR

37,462

20,327

Touzel Ltd (Registered number: 09396197)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £   
FIXED ASSETS
Tangible assets 5 4,405 4,889

CURRENT ASSETS
Debtors 6 14,480 17,873
Cash at bank 35,067 11,910
49,547 29,783
CREDITORS
Amounts falling due within one year 7 (16,488 ) (14,343 )
NET CURRENT ASSETS 33,059 15,440
TOTAL ASSETS LESS CURRENT
LIABILITIES

37,464

20,329

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 37,462 20,327
37,464 20,329

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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

The financial statements were approved by the Board of Directors and authorised for issue on 14 October 2024 and were signed on its behalf by:





R A Percival - Director


Touzel Ltd (Registered number: 09396197)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Touzel 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.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 2 (2023 - 2 ) .

Touzel Ltd (Registered number: 09396197)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. OPERATING PROFIT

The operating profit is stated after charging:

31.1.24 31.1.23
£    £   
Depreciation - owned assets 3,737 2,764

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 9,291
Additions 3,253
At 31 January 2024 12,544
DEPRECIATION
At 1 February 2023 4,402
Charge for year 3,737
At 31 January 2024 8,139
NET BOOK VALUE
At 31 January 2024 4,405
At 31 January 2023 4,889

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 1,980 12,873
Other debtors 12,500 5,000
14,480 17,873

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade creditors (1 ) (1 )
Taxation and social security 15,163 13,237
Other creditors 1,326 1,107
16,488 14,343