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REGISTERED NUMBER: NI641510 (Northern Ireland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

TONEYWALL LTD

TONEYWALL LTD (REGISTERED NUMBER: NI641510)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 OCTOBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

TONEYWALL LTD

COMPANY INFORMATION
for the Year Ended 31 OCTOBER 2023







DIRECTOR: Mr M Thornton





SECRETARY: Mr M Thornton





REGISTERED OFFICE: 579 Derrylin Road
Tonywall
Kinawley
Enniskillen
Fermanagh
BT92 4BN





REGISTERED NUMBER: NI641510 (Northern Ireland)





ACCOUNTANTS: Patton Rainey Stenson Limited
Chartered Accountants
6 East Bridge Street
Enniskillen
Co. Fermanagh
BT74 7BT

TONEYWALL LTD (REGISTERED NUMBER: NI641510)

BALANCE SHEET
31 OCTOBER 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,899 13,288

CURRENT ASSETS
Debtors 5 23,500 23,500
Cash at bank 245 4,282
23,745 27,782
CREDITORS
Amounts falling due within one year 6 54,290 51,012
NET CURRENT LIABILITIES (30,545 ) (23,230 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(21,646

)

(9,942

)

CREDITORS
Amounts falling due after more than one
year

7

(15,833

)

(25,699

)

PROVISIONS FOR LIABILITIES 8 (2,049 ) (3,123 )
NET LIABILITIES (39,528 ) (38,764 )

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 (39,628 ) (38,864 )
SHAREHOLDERS' FUNDS (39,528 ) (38,764 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 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.

TONEYWALL LTD (REGISTERED NUMBER: NI641510)

BALANCE SHEET - continued
31 OCTOBER 2023


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 October 2024 and were signed by:





Mr M Thornton - Director


TONEYWALL LTD (REGISTERED NUMBER: NI641510)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 OCTOBER 2023


1. STATUTORY INFORMATION

Toneywall Ltd is a private company, limited by shares , registered in Northern Ireland. 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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

TONEYWALL LTD (REGISTERED NUMBER: NI641510)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 OCTOBER 2023


4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 November 2022 50,000 6,950 56,950
Disposals - (6,950 ) (6,950 )
At 31 October 2023 50,000 - 50,000
DEPRECIATION
At 1 November 2022 38,135 5,527 43,662
Charge for year 2,966 - 2,966
Eliminated on disposal - (5,527 ) (5,527 )
At 31 October 2023 41,101 - 41,101
NET BOOK VALUE
At 31 October 2023 8,899 - 8,899
At 31 October 2022 11,865 1,423 13,288

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Other debtors 23,500 23,500

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 10,000 10,000
Other loans 8,250 8,250
Trade creditors 11,600 17,500
VAT - 3,686
Directors' current accounts 24,440 11,576
54,290 51,012

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.23 31.10.22
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 5,833 15,699
15,833 25,699

8. PROVISIONS FOR LIABILITIES
31.10.23 31.10.22
£    £   
Deferred tax 2,049 3,123

TONEYWALL LTD (REGISTERED NUMBER: NI641510)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 OCTOBER 2023


8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 November 2022 3,123
Provided during year (1,074 )
Balance at 31 October 2023 2,049

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.23 31.10.22
value: £    £   
100 Ordinary Shares £1 100 100

10. RESERVES
Retained
earnings
£   

At 1 November 2022 (38,864 )
Deficit for the year (764 )
At 31 October 2023 (39,628 )

11. GOING CONCERN

The director has reviewed the company's ability to continue as a going concern and has identified that there is a risk that the company may not be able to continue as such. At the year end 31 October 2023 the company's net liabilities amounted to £39,528. The survival of the company and its ability to meet liabilities as they fall due will depend on the continued support of the director and bankers. The director has given positive assurances of his support and as such has concluded that the company will continue for the foreseeable future.

TONEYWALL LTD

REPORT OF THE ACCOUNTANTS TO THE DIRECTOR OF
TONEYWALL LTD


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 October 2023 set out on pages three to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Patton Rainey Stenson Limited
Chartered Accountants
6 East Bridge Street
Enniskillen
Co. Fermanagh
BT74 7BT


30 October 2024