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REGISTERED NUMBER: 00337357 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

T.O.C. LIMITED

T.O.C. LIMITED (REGISTERED NUMBER: 00337357)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


T.O.C. LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTORS: A J Simmons
D Simmons
Mrs L J Bailey
Mrs B M Law
Mrs J Franklin





REGISTERED OFFICE: Brandon Road
Coventry
West Midlands
CV3 2AN





REGISTERED NUMBER: 00337357 (England and Wales)





ACCOUNTANTS: Armstrongs
Chartered Accountants and Tax Advisers
1 & 2 Mercia Village
Torwood Close
Westwood Business Park
Coventry
West Midlands
CV4 8HX

T.O.C. LIMITED (REGISTERED NUMBER: 00337357)

BALANCE SHEET
29 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 34,164 37,933

CURRENT ASSETS
Stocks 5 342,055 379,132
Debtors 6 167,442 179,699
Cash at bank 286,823 145,802
796,320 704,633
CREDITORS
Amounts falling due within one year 7 390,039 443,046
NET CURRENT ASSETS 406,281 261,587
TOTAL ASSETS LESS CURRENT
LIABILITIES

440,445

299,520

CREDITORS
Amounts falling due after more than one
year

8

75,507

88,771
NET ASSETS 364,938 210,749

CAPITAL AND RESERVES
Called up share capital 1,875 1,875
Retained earnings 363,063 208,874
364,938 210,749

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

T.O.C. LIMITED (REGISTERED NUMBER: 00337357)

BALANCE SHEET - continued
29 FEBRUARY 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 11 September 2024 and were signed on its behalf by:





Mrs L J Bailey - Director


T.O.C. LIMITED (REGISTERED NUMBER: 00337357)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1. STATUTORY INFORMATION

T.O.C. 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 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 net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Sale of goods

Turnover from the sale of products is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on dispatch of the goods.

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 - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

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.

T.O.C. LIMITED (REGISTERED NUMBER: 00337357)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

2. ACCOUNTING POLICIES - continued

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 15 (2023 - 12 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 March 2023 474,629 105,000 12,217 591,846
Additions 895 910 - 1,805
At 29 February 2024 475,524 105,910 12,217 593,651
DEPRECIATION
At 1 March 2023 443,343 98,353 12,217 553,913
Charge for year 4,827 747 - 5,574
At 29 February 2024 448,170 99,100 12,217 559,487
NET BOOK VALUE
At 29 February 2024 27,354 6,810 - 34,164
At 28 February 2023 31,286 6,647 - 37,933

5. STOCKS
2024 2023
£    £   
Stocks 215,738 257,188
Work-in-progress 126,317 121,944
342,055 379,132

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 149,861 143,909
Other debtors 343 343
Tax - 18,222
Prepayments 17,238 17,225
167,442 179,699

T.O.C. LIMITED (REGISTERED NUMBER: 00337357)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 40,503
Other loans 615 569
Trade creditors 63,076 54,065
Amounts owed to group undertakings 79,661 74,637
Social security and other taxes 7,991 4,870
VAT 29,992 28,170
Other creditors 34 2,209
Directors' current accounts 178,266 221,911
Accrued expenses 20,404 16,112
390,039 443,046

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 10,000 12,336
Bank loans - 2-5 years 5,833 15,833
Other loans - 1-2 years 646 598
Other loans - 2-5 years 2,143 1,986
Other loans more 5yrs instal 56,885 58,018
75,507 88,771

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 56,885 58,018