Caseware UK (AP4) 2023.0.135 2023.0.135 82023-05-01falseNo description of principal activity8truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 02553066 2023-05-01 2024-04-30 02553066 2022-05-01 2023-04-30 02553066 2024-04-30 02553066 2023-04-30 02553066 c:Director2 2023-05-01 2024-04-30 02553066 d:PlantMachinery 2023-05-01 2024-04-30 02553066 d:PlantMachinery 2024-04-30 02553066 d:PlantMachinery 2023-04-30 02553066 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 02553066 d:MotorVehicles 2023-05-01 2024-04-30 02553066 d:MotorVehicles 2024-04-30 02553066 d:MotorVehicles 2023-04-30 02553066 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 02553066 d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 02553066 d:CurrentFinancialInstruments 2024-04-30 02553066 d:CurrentFinancialInstruments 2023-04-30 02553066 d:Non-currentFinancialInstruments 2024-04-30 02553066 d:Non-currentFinancialInstruments 2023-04-30 02553066 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 02553066 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 02553066 d:Non-currentFinancialInstruments d:AfterOneYear 2024-04-30 02553066 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 02553066 d:ShareCapital 2024-04-30 02553066 d:ShareCapital 2023-04-30 02553066 d:CapitalRedemptionReserve 2024-04-30 02553066 d:CapitalRedemptionReserve 2023-04-30 02553066 d:RetainedEarningsAccumulatedLosses 2024-04-30 02553066 d:RetainedEarningsAccumulatedLosses 2023-04-30 02553066 c:FRS102 2023-05-01 2024-04-30 02553066 c:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 02553066 c:FullAccounts 2023-05-01 2024-04-30 02553066 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 02553066 2 2023-05-01 2024-04-30 02553066 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2024-04-30 02553066 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-04-30 02553066 d:LeasedAssetsHeldAsLessee 2024-04-30 02553066 d:LeasedAssetsHeldAsLessee 2023-04-30 02553066 e:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure

Registered number: 02553066










Tollhurst Limited








Unaudited

Financial statements

Information for filing with the registrar

For the Year Ended 30 April 2024




 
Tollhurst Limited
 
  
Chartered Accountants' Report to the Board of Directors on the preparation of the Unaudited Statutory Financial Statements of Tollhurst Limited for the Year Ended 30 April 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Tollhurst Limited for the year ended 30 April 2024 which comprise the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of Directors of Tollhurst Limited, as a body, in accordance with the terms of our engagement letter dated 7 June 2022Our work has been undertaken solely to prepare for your approval the financial statements of Tollhurst Limited and state those matters that we have agreed to state to the Board of Directors of Tollhurst Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Tollhurst Limited and its Board of Directors, as a body, for our work or for this report. 

It is your duty to ensure that Tollhurst Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Tollhurst Limited. You consider that Tollhurst Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Tollhurst Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Kreston Reeves LLP
Chartered Accountants
Springfield House
Springfield Road
Horsham
West Sussex
RH12 2RG
23 December 2024
Page 1

 
Tollhurst Limited
Registered number: 02553066

Balance Sheet
As at 30 April 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
71,091
107,700

  
71,091
107,700

Current assets
  

Stocks
  
12,500
9,700

Debtors: amounts falling due within one year
 5 
102,904
70,506

Cash at bank and in hand
  
116,659
84,349

  
232,063
164,555

Creditors: amounts falling due within one year
 6 
(158,550)
(102,074)

Net current assets
  
 
 
73,513
 
 
62,481

Total assets less current liabilities
  
144,604
170,181

Creditors: amounts falling due after more than one year
 7 
(21,459)
(22,772)

  

Net assets
  
123,145
147,409


Capital and reserves
  

Called up share capital 
  
99
99

Capital redemption reserve
  
6
6

Profit and loss account
  
123,040
147,304

  
123,145
147,409


Page 2

 
Tollhurst Limited
Registered number: 02553066

Balance Sheet (continued)
As at 30 April 2024

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
M Carter
Director
Date: 23 December 2024

The notes on pages 4 to 8 form part of these financial statements.

Page 3

 
Tollhurst Limited
 

 
Notes to the 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, within the United Kingdom. The registered office address of the company is: Springfield House, Springfield Road, Horsham, West Sussex, RH12 2RG.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £1.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the company has transferred the significant risks and rewards of ownership to the buyer;
the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 4

 
Tollhurst Limited
 

 
Notes to the Financial Statements
For the Year Ended 30 April 2024

2.Accounting policies (continued)

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
reducing balance
Motor vehicles
-
25%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.5

Leased assets: the company as lessee

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to profit or loss so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

 
2.6

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of Comprehensive Income in the same period as the related expenditure.

Page 5

 
Tollhurst Limited
 

 
Notes to the Financial Statements
For the Year Ended 30 April 2024

2.Accounting policies (continued)

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

 
2.11

Operating leases: the company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.12

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the company in independently administered funds.

 
2.13

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.14

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

Page 6

 
Tollhurst Limited
 

 
Notes to the Financial Statements
For the Year Ended 30 April 2024

3.


Employees

The average monthly number of employees, including directors, during the year was 8 (2023 - 8). 


4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Total

£
£
£



Cost or valuation


At 1 May 2023
18,675
159,820
178,495


Additions
2,748
-
2,748


Disposals
(8,060)
(52,286)
(60,346)



At 30 April 2024

13,363
107,534
120,897



Depreciation


At 1 May 2023
9,157
61,638
70,795


Charge for the year on owned assets
2,625
21,877
24,502


Disposals
(6,923)
(38,568)
(45,491)



At 30 April 2024

4,859
44,947
49,806



Net book value



At 30 April 2024
8,504
62,587
71,091



At 30 April 2023
9,518
98,182
107,700

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2024
2023
£
£



Motor vehicles
28,797
63,022

28,797
63,022

Page 7

 
Tollhurst Limited
 

 
Notes to the Financial Statements
For the Year Ended 30 April 2024

5.


Debtors

2024
2023
£
£


Trade debtors
100,339
70,328

Other debtors
2,565
178

102,904
70,506



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
3,115
8,144

Trade creditors
79,063
30,725

Corporation tax
33,426
17,191

Other taxation and social security
31,597
15,684

Obligations under finance lease and hire purchase contracts
7,233
24,195

Other creditors
866
3,335

Accruals and deferred income
3,250
2,800

158,550
102,074



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
5,919
-

Net obligations under finance leases and hire purchase contracts
15,540
22,772

21,459
22,772



8.


Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £4,133 (2023 - £3,776). Contributions totalling £866 (2023 - £841) were payable to the fund at the balance sheet date and are included in creditors.


Page 8