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
Tonic-Collective Ltd
Company Information
for the year ended 30 April 2024
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
Tonic-Collective Ltd
Statement of financial position
as at 30 April 2024
Intangible assets
3,750
3,750
Tangible assets
55,223
15,276
Cash at bank and in hand
40,305
43,706
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)
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
Tonic-Collective Ltd
Notes to the Accounts
for the year ended 30 April 2024
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.
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:
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other
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
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
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
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
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
-
18
Trade creditors
148,547
62,174
Taxes and social security
-
25,461
Other creditors
109
53,330
8
Average number of employees
During the year the average number of employees was 4 (2023: 3).