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REGISTERED NUMBER: 10326604 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 August 2024

for

DW TODMAN LTD

DW TODMAN LTD (REGISTERED NUMBER: 10326604)

Contents of the Financial Statements
for the year ended 31 August 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


DW TODMAN LTD

Company Information
for the year ended 31 August 2024







Directors: Dr D W Todman
Dr A Todman





Registered office: 4 Barfields Row
School Road
Messing
Colchester
Essex
CO5 9TL





Registered number: 10326604 (England and Wales)





Accountants: Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

DW TODMAN LTD (REGISTERED NUMBER: 10326604)

Statement of Financial Position
31 August 2024

2024 2023
Notes £ £ £ £
Fixed assets
Tangible assets 4 354 472

Current assets
Debtors 5 88 2,494
Cash at bank 2,062 1,672
2,150 4,166
Creditors
Amounts falling due within one year 6 10,686 10,000
Net current liabilities (8,536 ) (5,834 )
Total assets less current liabilities (8,182 ) (5,362 )

Capital and reserves
Called up share capital 7 2 2
Retained earnings 8 (8,184 ) (5,364 )
Shareholders' funds (8,182 ) (5,362 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 January 2025 and were signed on its behalf by:





Dr D W Todman - Director


DW TODMAN LTD (REGISTERED NUMBER: 10326604)

Notes to the Financial Statements
for the year ended 31 August 2024


1. Statutory information

DW Todman Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. Accounting policies

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Key source of estimation, uncertainty and judgement
The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period.

There is estimation uncertainty in calculating depreciation. A full line by line review of fixed assets is carried out by management regularly. Whilst every attempt is made to ensure that the depreciation policy is as accurate as possible, there remains a risk that the policy does not match the useful life of the assets.

There is estimation uncertainty in calculating deferred tax. A full line by line review of deferred tax is carried out by management regularly. Whilst every attempt is made to ensure that the deferred tax is as accurate as possible, there remains a risk that the provisions do not match the actual tax liability when asset is disposed of.

There is estimation uncertainty in calculating bad debt provisions. A full line by line review of trade debtors is carried out at the end of each month. Whilst every attempt is made to ensure that the bad debt provisions are as accurate as possible, there remains a risk that the provisions do not match the level of debts which ultimately prove to be uncollectable.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 20% on cost

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.


DW TODMAN LTD (REGISTERED NUMBER: 10326604)

Notes to the Financial Statements - continued
for the year ended 31 August 2024


2. Accounting policies - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Going concern
The financial statements have been prepared on a going concern basis, despite total assets less current liabilities of £8,182. The company is reliant on the director who provided funds for the company and will not seek repayment of the amounts currently made available. On this basis the director believes that it is appropriate to prepare the financial statements on a going concern basis

3. Employees and directors

The average number of employees during the year was 2 (2023 - 2 ) .

4. Tangible fixed assets
Computer
equipment
£
Cost
At 1 September 2023
and 31 August 2024 590
Depreciation
At 1 September 2023 118
Charge for year 118
At 31 August 2024 236
Net book value
At 31 August 2024 354
At 31 August 2023 472

5. Debtors: amounts falling due within one year
2024 2023
£ £
Trade debtors - 626
Other debtors 88 1,868
88 2,494

6. Creditors: amounts falling due within one year
2024 2023
£ £
Other creditors 10,686 10,000

7. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
2 Ordinary £2 2 2

DW TODMAN LTD (REGISTERED NUMBER: 10326604)

Notes to the Financial Statements - continued
for the year ended 31 August 2024


8. Reserves
Retained
earnings
£

At 1 September 2023 (5,364 )
Deficit for the year (2,820 )
At 31 August 2024 (8,184 )

9. Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 31 August 2024 and 31 August 2023:

2024 2023
£ £
Dr D W Todman and Dr A Todman
Balance outstanding at start of year (8,861 ) (8,942 )
Amounts advanced - 2,743
Amounts repaid (685 ) (2,662 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (9,546 ) (8,861 )

The loan is repayable on demand. Interest is charged on an overdrawn directors loan account balance at 2%.