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Registration number: 11758737

Toolboxx Limited

Unaudited Financial Statements

for the Year Ended 30 April 2024

 

Toolboxx Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

Toolboxx Limited

Company Information

Directors

M Fitzpatrick-Marshall

C Grant

Company secretary

Karen Channon

Registered office

Crown House
1 Stafford Place
Weston-super-Mare
North Somerset
BS23 2QZ

Accountants

Four Fifty Partnership
Chartered Accountants
34 Boulevard
Weston-super-Mare
Somerset
BS23 1NF

 

Toolboxx Limited

(Registration number: 11758737)
Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Current assets

 

Debtors

4

2,277

4,836

Cash at bank and in hand

 

9,311

9,463

 

11,588

14,299

Creditors: Amounts falling due within one year

5

(28,705)

(25,907)

Net liabilities

 

(17,117)

(11,608)

Capital and reserves

 

Called up share capital

6

100

100

Retained earnings

(17,217)

(11,708)

Shareholders' deficit

 

(17,117)

(11,608)

For the financial year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

Toolboxx Limited

(Registration number: 11758737)
Balance Sheet as at 30 April 2024

Approved and authorised by the Board on 15 November 2024 and signed on its behalf by:
 

.........................................
M Fitzpatrick-Marshall
Director

 

Toolboxx Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Crown House
1 Stafford Place
Weston-super-Mare
North Somerset
BS23 2QZ
United Kingdom

These financial statements were authorised for issue by the Board on 15 November 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentation currency of the financial statements is Pound Sterling (£).

 

Toolboxx Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

2

Accounting policies (continued)

Going concern

The financial statements have been prepared on a going concern basis, which assumes that the company will continue in operational exist for twelve months from the date of approval of the financial statements. The company is reliant on the continued financial support of its majority shareholder, Trust Inheritance Limited, who have confirmed that they will not remove their financial support until such a time that Toolboxx Limited has sufficient reserves for this to occur.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

Toolboxx Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2023 - 5).

4

Debtors

Current

2024
£

2023
£

Trade debtors

2,277

4,536

Other debtors

-

300

 

2,277

4,836

 

Toolboxx Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

5

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Trade creditors

 

946

3,151

Amounts owed to group undertakings and undertakings in which the company has a participating interest

2,566

1,346

Taxation and social security

 

12,977

16,568

Accruals and deferred income

 

1,750

2,000

Other creditors

 

10,466

2,842

 

28,705

25,907

6

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

100

100

100

100