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REGISTERED NUMBER: 05308283 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

THE TOBY INN LIMITED

THE TOBY INN LIMITED (REGISTERED NUMBER: 05308283)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


THE TOBY INN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: T Kakoullis
K Kakoullis
H Kakoullis





REGISTERED OFFICE: Broadhead Road
Edgworth
Bolton
BL7 0JQ





REGISTERED NUMBER: 05308283 (England and Wales)





ACCOUNTANTS: Hunter & Co.
Chartered Accountants
415 Blackburn Road
Bolton
BL1 8NJ

THE TOBY INN LIMITED (REGISTERED NUMBER: 05308283)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 26,343 39,691
26,343 39,691

CURRENT ASSETS
Stocks 16,250 16,250
Debtors 6 48,343 500
Prepayments and accrued income 638 522
Cash in hand 2,486 1,287
67,717 18,559
CREDITORS
Amounts falling due within one year 7 (93,715 ) (67,270 )
NET CURRENT LIABILITIES (25,998 ) (48,711 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

345

(9,020

)

CREDITORS
Amounts falling due after more than one
year

8

(12,378

)

(24,268

)

PROVISIONS FOR LIABILITIES (4,764 ) (7,244 )
NET LIABILITIES (16,797 ) (40,532 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (16,897 ) (40,632 )
SHAREHOLDERS' FUNDS (16,797 ) (40,532 )

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 TOBY INN LIMITED (REGISTERED NUMBER: 05308283)

BALANCE SHEET - continued
31 JANUARY 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 Income statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 October 2024 and were signed on its behalf by:





T Kakoullis - Director


THE TOBY INN LIMITED (REGISTERED NUMBER: 05308283)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

The Toby Inn Limited 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 haver been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 (FRS 102) "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared on a going concern basis under the historical cost convention..

Going concern
After detailed consideration the directors have reasonable expectations that the company has adequate resources to continue in operational existence for the foreseeable future (being the 12 month period from the date these accounts are approved) and therefore continue to adopt the going concern basis of accounting in preparing the annual financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of ten years.

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 etc - 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

THE TOBY INN LIMITED (REGISTERED NUMBER: 05308283)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

2. ACCOUNTING POLICIES - continued

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 22 (2023 - 22 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2023
and 31 January 2024 65,000
AMORTISATION
At 1 February 2023
and 31 January 2024 65,000
NET BOOK VALUE
At 31 January 2024 -
At 31 January 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 210,270
Additions 2,860
Disposals (18,495 )
At 31 January 2024 194,635
DEPRECIATION
At 1 February 2023 170,579
Charge for year 4,649
Eliminated on disposal (6,936 )
At 31 January 2024 168,292
NET BOOK VALUE
At 31 January 2024 26,343
At 31 January 2023 39,691

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 48,343 500

THE TOBY INN LIMITED (REGISTERED NUMBER: 05308283)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 32,112 18,691
Trade creditors 18,221 16,829
Taxation and social security 37,714 23,002
Other creditors 5,668 8,748
93,715 67,270

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 12,378 24,268

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The company loaned £51,893 to the directors during the year, on which interest was paid at a rate of 2.25% per annum. £4,250 of the loan was repaid by the directors in the year. Thc balance of the loan due to the company at the year end was £47,643. A further £30,000 has been repaid by the directors since the year end.