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Company Registration No. 11693315 (England and Wales)
A Toolan Ltd Unaudited accounts for the year ended 30 November 2024
A Toolan Ltd Unaudited accounts Contents
Page
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A Toolan Ltd Company Information for the year ended 30 November 2024
Director
Annie Toolan
Company Number
11693315 (England and Wales)
Registered Office
8 Chalk Lane Cockfosters Barnet EN4 9HZ United Kingdom
Accountants
Austin, Taylor Limited 16 Dover Street Canterbury Kent CT1 3HD
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A Toolan Ltd Statement of financial position as at 30 November 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
498,717 
493,779 
Current assets
Debtors
1,405 
1,261 
Cash at bank and in hand
35,792 
29,261 
37,197 
30,522 
Creditors: amounts falling due within one year
(349,284)
(373,336)
Net current liabilities
(312,087)
(342,814)
Net assets
186,630 
150,965 
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
186,620 
150,955 
Shareholders' funds
186,630 
150,965 
For the year ending 30 November 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 3 February 2025 and were signed on its behalf by
Annie Toolan Director Company Registration No. 11693315
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A Toolan Ltd Notes to the Accounts for the year ended 30 November 2024
1
Statutory information
A Toolan Ltd is a private company, limited by shares, registered in England and Wales, registration number 11693315. The registered office is 8 Chalk Lane, Cockfosters, Barnet, EN4 9HZ, 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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
4
Investment property
2024 
£ 
Fair value at 1 December 2023
493,779 
Net gain from fair value adjustments
4,938 
At 30 November 2024
498,717 
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A Toolan Ltd Notes to the Accounts for the year ended 30 November 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
1,405 
1,261 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
2,513 
2,471 
Trade creditors
300 
- 
Taxes and social security
7,208 
7,257 
Loans from directors
325,508 
349,997 
Accruals
1,100 
- 
Deferred income
12,655 
13,611 
349,284 
373,336 
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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