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Company Registration No. 09562154 (England and Wales)
Tonic-Collective Ltd Unaudited accounts for the year ended 30 April 2024
Tonic-Collective Ltd Unaudited accounts Contents
Page
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Tonic-Collective Ltd Company Information for the year ended 30 April 2024
Director
T Sealey
Company Number
09562154 (England and Wales)
Registered Office
School Master's House College Street Petersfield GU31 4AG
Accountants
Newnham & Son Ltd School Master's House 39 College Street Petersfield Hampshire GU31 4AG
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Tonic-Collective Ltd Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
3,750 
3,750 
Tangible assets
55,223 
15,276 
58,973 
19,026 
Current assets
Debtors
130,653 
227,973 
Cash at bank and in hand
40,305 
43,706 
170,958 
271,679 
Creditors: amounts falling due within one year
(134,698)
(140,983)
Net current assets
36,260 
130,696 
Total assets less current liabilities
95,233 
149,722 
Provisions for liabilities
Deferred tax
(1,361)
(1,361)
Net assets
93,872 
148,361 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
93,871 
148,360 
Shareholders' funds
93,872 
148,361 
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 her 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 30 January 2025 and were signed on its behalf by
T Sealey Director Company Registration No. 09562154
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Tonic-Collective Ltd Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
Tonic-Collective Ltd is a private company, limited by shares, registered in England and Wales, registration number 09562154. The registered office is School Master's House, College Street, Petersfield, GU31 4AG.
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:
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 May 2023
3,750 
At 30 April 2024
3,750 
Amortisation
At 1 May 2023
- 
At 30 April 2024
- 
Net book value
At 30 April 2024
3,750 
At 30 April 2023
3,750 
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Tonic-Collective Ltd Notes to the Accounts for the year ended 30 April 2024
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 May 2023
10,740 
18,266 
- 
8,382 
37,388 
Additions
- 
- 
47,395 
9,211 
56,606 
At 30 April 2024
10,740 
18,266 
47,395 
17,593 
93,994 
Depreciation
At 1 May 2023
2,625 
14,003 
- 
5,484 
22,112 
Charge for the year
716 
1,066 
11,849 
3,028 
16,659 
At 30 April 2024
3,341 
15,069 
11,849 
8,512 
38,771 
Net book value
At 30 April 2024
7,399 
3,197 
35,546 
9,081 
55,223 
At 30 April 2023
8,115 
4,263 
- 
2,898 
15,276 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
26,063 
110,795 
Accrued income and prepayments
2,276 
751 
Other debtors
102,314 
116,427 
130,653 
227,973 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
- 
18 
VAT
(15,458)
- 
Trade creditors
148,547 
62,174 
Taxes and social security
- 
25,461 
Other creditors
109 
53,330 
Accruals
1,500 
- 
134,698 
140,983 
8
Average number of employees
During the year the average number of employees was 4 (2023: 3).
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