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Company Registration No. NI671511 (Northern Ireland)
Tools on the Move Ltd Unaudited accounts for the year ended 31 August 2024
Tools on the Move Ltd Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
10,229 
12,307 
Current assets
Cash at bank and in hand
14 
125 
Creditors: amounts falling due within one year
(23,261)
(23,272)
Net current liabilities
(23,247)
(23,147)
Net liabilities
(13,018)
(10,840)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(13,019)
(10,841)
Shareholders' funds
(13,018)
(10,840)
For the year ending 31 August 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 17 January 2025 and were signed on its behalf by
Roy Stewart Director Company Registration No. NI671511
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Tools on the Move Ltd Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
Tools on the Move Ltd is a private company, limited by shares, registered in Northern Ireland, registration number NI671511. The registered office is 3 Willowbrook Kells, Ballymena, Co. Antrim, BT42 3JF, United Kingdom.
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:
Plant & machinery
25% Reducing Balance
Motor vehicles
25% Reducing Balance
Turnover
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and can be measured reliably. Revenue from the sale of food, beverages and other associated products is recognised when all the following conditions are satisfied: - the Company has transferred to the buyer the significant risks and rewards of ownership of the goods: - the amount of revenue 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 transition can be measured reliably.
Going concern
The director of Tools on the Move Ltd believes that the company has adequate resources available to enable it to continue to meet its ongoing obligations as and when they fall due for at least 12 months from the date of approval of the financial statements. Accordingly, the company continues to adopt the going concern basis in preparation of its financial statements.
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Tools on the Move Ltd Notes to the Accounts for the year ended 31 August 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 September 2023
18,813 
1,500 
20,313 
Additions
480 
- 
480 
At 31 August 2024
19,293 
1,500 
20,793 
Depreciation
At 1 September 2023
7,704 
302 
8,006 
Charge for the year
2,318 
240 
2,558 
At 31 August 2024
10,022 
542 
10,564 
Net book value
At 31 August 2024
9,271 
958 
10,229 
At 31 August 2023
11,109 
1,198 
12,307 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Loans from directors
22,961 
23,272 
Accruals
300 
- 
23,261 
23,272 
6
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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