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Company Registration No. 12245258 (England and Wales)
TOKONEY LTD Unaudited accounts for the year ended 31 October 2024
TOKONEY LTD Unaudited accounts Contents
Page
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TOKONEY LTD Company Information for the year ended 31 October 2024
Director
Mr Hugo Cooke
Company Number
12245258 (England and Wales)
Registered Office
85 GREAT PORTLAND STREET LONDON W1W 7LT ENGLAND
Accountants
Sleek Accounting Ltd 205 Regent Street 4th Floor London W1B 4HB
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TOKONEY LTD Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
115,857 
45,517 
Tangible assets
315 
504 
116,172 
46,021 
Current assets
Inventories
17,147 
17,147 
Debtors
26,686 
2,472 
Cash at bank and in hand
67,611 
46,312 
111,444 
65,931 
Creditors: amounts falling due within one year
(62,924)
(5,621)
Net current assets
48,520 
60,310 
Total assets less current liabilities
164,692 
106,331 
Creditors: amounts falling due after more than one year
(112,241)
(49,195)
Net assets
52,451 
57,136 
Capital and reserves
Called up share capital
1 
1 
Share premium
296,509 
186,511 
Profit and loss account
(244,059)
(129,376)
Shareholders' funds
52,451 
57,136 
For the year ending 31 October 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 8 January 2025 and were signed on its behalf by
Mr Hugo Cooke Director Company Registration No. 12245258
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TOKONEY LTD Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
TOKONEY LTD is a private company, limited by shares, registered in England and Wales, registration number 12245258. The registered office is 85 GREAT PORTLAND STREET, LONDON, W1W 7LT, 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.
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
3 years straight line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost. The assets will be amortised once they are brought into use.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
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TOKONEY LTD Notes to the Accounts for the year ended 31 October 2024
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 November 2023
45,517 
Additions
70,340 
At 31 October 2024
115,857 
Amortisation
At 1 November 2023
- 
At 31 October 2024
- 
Net book value
At 31 October 2024
115,857 
At 31 October 2023
45,517 
5
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 November 2023
567 
At 31 October 2024
567 
Depreciation
At 1 November 2023
63 
Charge for the year
189 
At 31 October 2024
252 
Net book value
At 31 October 2024
315 
At 31 October 2023
504 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
6,348 
2,472 
Trade debtors
20,338 
- 
26,686 
2,472 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
5,469 
805 
Trade creditors
52,771 
- 
Taxes and social security
4,066 
2,222 
Other creditors
618 
394 
Accruals
- 
2,200 
62,924 
5,621 
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TOKONEY LTD Notes to the Accounts for the year ended 31 October 2024
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
40,359 
49,195 
Other creditors
71,882 
- 
112,241 
49,195 
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1,029,375 Ordinary shares of £0.000001 each
1.02 
1.02 
155,000 Ordinary A shares of £0.000001 each
0.15 
0.15 
1.17 
1.17 
10
Average number of employees
During the year the average number of employees was 2 (2023: 1).
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