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Company Registration No. 14039274 (England and Wales)
Tools of Future Cool Ltd Unaudited accounts for the year ended 30 April 2024
Tools of Future Cool Ltd Unaudited accounts Contents
Page
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Tools of Future Cool Ltd Company Information for the year ended 30 April 2024
Director
Eduardo Vazquez Vazquez
Company Number
14039274 (England and Wales)
Registered Office
20 Wenlock Road London N1 7GU England
Accountants
Accounts Studio Ltd 20-22 Wenlock Road London N1 7GU
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Tools of Future Cool Ltd Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
734 
1,467 
Current assets
Debtors
- 
897 
Cash at bank and in hand
27,128 
18,217 
27,128 
19,114 
Creditors: amounts falling due within one year
(26,311)
(18,988)
Net current assets
817 
126 
Net assets
1,551 
1,593 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
1,451 
1,493 
Shareholders' funds
1,551 
1,593 
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 22 November 2024 and were signed on its behalf by
Eduardo Vazquez Vazquez Director Company Registration No. 14039274
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Tools of Future Cool Ltd Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
Tools of Future Cool Ltd is a private company, limited by shares, registered in England and Wales, registration number 14039274. The registered office is 20 Wenlock Road, London, N1 7GU, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33.33% straight line
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 May 2023
2,200 
At 30 April 2024
2,200 
Depreciation
At 1 May 2023
733 
Charge for the year
733 
At 30 April 2024
1,466 
Net book value
At 30 April 2024
734 
At 30 April 2023
1,467 
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Tools of Future Cool Ltd Notes to the Accounts for the year ended 30 April 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
897 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
2,860 
3,962 
Loans from directors
23,451 
15,026 
26,311 
18,988 
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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