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
Tangible assets
10,229
12,307
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)
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
Tools on the Move Ltd
Notes to the Accounts
for the year ended 31 August 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 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.
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.
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
At 31 August 2024
19,293
1,500
20,793
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
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
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).