IRIS Accounts Production v24.3.2.46 05500526 Board of Directors Board of Directors 1.7.23 30.6.24 30.6.24 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh055005262023-06-30055005262024-06-30055005262023-07-012024-06-30055005262022-06-30055005262022-07-012023-06-30055005262023-06-3005500526ns15:EnglandWales2023-07-012024-06-3005500526ns14:PoundSterling2023-07-012024-06-3005500526ns10:Director12023-07-012024-06-3005500526ns10:Director22023-07-012024-06-3005500526ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3005500526ns10:SmallEntities2023-07-012024-06-3005500526ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3005500526ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3005500526ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3005500526ns10:FullAccounts2023-07-012024-06-300550052612023-07-012024-06-3005500526ns10:OrdinaryShareClass12023-07-012024-06-3005500526ns5:CurrentFinancialInstruments2024-06-3005500526ns5:CurrentFinancialInstruments2023-06-3005500526ns5:Non-currentFinancialInstruments2024-06-3005500526ns5:Non-currentFinancialInstruments2023-06-3005500526ns5:ShareCapital2024-06-3005500526ns5:ShareCapital2023-06-3005500526ns5:RetainedEarningsAccumulatedLosses2024-06-3005500526ns5:RetainedEarningsAccumulatedLosses2023-06-3005500526ns10:RegisteredOffice2023-07-012024-06-3005500526ns5:NetGoodwill2023-07-012024-06-3005500526ns5:IntangibleAssetsOtherThanGoodwill2023-07-012024-06-3005500526ns5:FurnitureFittings2023-07-012024-06-3005500526ns5:MotorVehicles2023-07-012024-06-3005500526ns5:ComputerEquipment2023-07-012024-06-3005500526ns5:NetGoodwill2023-06-3005500526ns5:NetGoodwill2024-06-3005500526ns5:NetGoodwill2023-06-3005500526ns5:FurnitureFittings2023-06-3005500526ns5:MotorVehicles2023-06-3005500526ns5:ComputerEquipment2023-06-3005500526ns5:FurnitureFittings2024-06-3005500526ns5:MotorVehicles2024-06-3005500526ns5:ComputerEquipment2024-06-3005500526ns5:FurnitureFittings2023-06-3005500526ns5:MotorVehicles2023-06-3005500526ns5:ComputerEquipment2023-06-3005500526ns5:WithinOneYearns5:CurrentFinancialInstruments2024-06-3005500526ns5:WithinOneYearns5:CurrentFinancialInstruments2023-06-3005500526ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2024-06-3005500526ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2023-06-3005500526ns10:OrdinaryShareClass12024-06-30
REGISTERED NUMBER: 05500526 (England and Wales)











PAUL TOSELAND (GRAIN) LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024






PAUL TOSELAND (GRAIN) LIMITED (REGISTERED NUMBER: 05500526)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Balance Sheet 1

Notes to the Financial Statements 3


PAUL TOSELAND (GRAIN) LIMITED (REGISTERED NUMBER: 05500526)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 57,547 50,816
57,547 50,816

CURRENT ASSETS
Stocks 333,363 101,166
Debtors 6 2,702,624 3,420,902
Prepayments and accrued income 7,941 7,130
Cash at bank 182,676 261,568
3,226,604 3,790,766
CREDITORS
Amounts falling due within one year 7 1,947,632 2,847,508
NET CURRENT ASSETS 1,278,972 943,258
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,336,519

994,074

CREDITORS
Amounts falling due after more than one
year

8

(9,606

)

(19,870

)

PROVISIONS FOR LIABILITIES (12,704 ) (10,412 )

ACCRUALS AND DEFERRED INCOME (526,983 ) (404,578 )
NET ASSETS 787,226 559,214

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 787,126 559,114
SHAREHOLDERS' FUNDS 787,226 559,214

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

PAUL TOSELAND (GRAIN) LIMITED (REGISTERED NUMBER: 05500526)

BALANCE SHEET - continued
30 JUNE 2024


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 Income Statement has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 19 February 2025 and were signed on its behalf by:




P S Toseland - Director



Mrs E J Toseland - Director


PAUL TOSELAND (GRAIN) LIMITED (REGISTERED NUMBER: 05500526)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. STATUTORY INFORMATION

Paul Toseland (Grain) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 05500526

Registered office: 69 Abbey Road
Bourne
Lincolnshire
PE10 9EN

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.

Turnover
Turnover represents amounts (excluding value added tax) derived from the provision of goods and services to customers during the year.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 15% on reducing balance
Computer equipment - 25% on reducing balance

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Debtors and creditors
Debtors receivable / creditors payable within one year are measured at transaction price (less any impairment losses on debtors for bad and doubtful debts). Loans and other financial assets / liabilities are initially measured at transaction price and subsequently measured at amortised cost determined using the effective interest method (less any impairment losses on debtors) for bad and doubtful debts.

Any losses arising from impairment are recognised in the profit and loss account.


PAUL TOSELAND (GRAIN) LIMITED (REGISTERED NUMBER: 05500526)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 30,000
AMORTISATION
At 1 July 2023
and 30 June 2024 30,000
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 -

PAUL TOSELAND (GRAIN) LIMITED (REGISTERED NUMBER: 05500526)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 July 2023 15,386 58,667 29,391 103,444
Additions 532 42,250 900 43,682
Disposals (9,183 ) (34,500 ) (15,116 ) (58,799 )
At 30 June 2024 6,735 66,417 15,175 88,327
DEPRECIATION
At 1 July 2023 12,039 13,200 27,389 52,628
Charge for year 444 9,420 589 10,453
Eliminated on disposal (8,211 ) (9,574 ) (14,516 ) (32,301 )
At 30 June 2024 4,272 13,046 13,462 30,780
NET BOOK VALUE
At 30 June 2024 2,463 53,371 1,713 57,547
At 30 June 2023 3,347 45,467 2,002 50,816

6. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 2,433,791 3,145,827
Other debtors 59,754 62,195
2,493,545 3,208,022

Amounts falling due after more than one year:
Other debtors 209,079 212,880

Aggregate amounts 2,702,624 3,420,902

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,276 10,021
Trade creditors 1,617,987 2,536,724
Taxation and social security 119,299 101,834
Other creditors 200,070 198,929
1,947,632 2,847,508

PAUL TOSELAND (GRAIN) LIMITED (REGISTERED NUMBER: 05500526)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 9,606 19,870

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1.00 100 100