Company Registration No. 14136762 (England and Wales)
The Tora Collective Ltd
Unaudited accounts
for the year ended 31 May 2024
The Tora Collective Ltd
Unaudited accounts
Contents
The Tora Collective Ltd
Company Information
for the year ended 31 May 2024
Directors
Indigo Howard
Noah Heathcote
Company Number
14136762 (England and Wales)
Registered Office
42 Ramulis Drive
Hayes
UB4 9QA
England
Accountants
BMG Accountancy Services Ltd
5 Commercial Road
Shepton Mallet
Somerset
BA4 5BU
The Tora Collective Ltd
Accountants' report
Accountants' report to the board of directors of The Tora Collective Ltd (the company)
These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 31 May 2024.
We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.
On the balance sheet you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give "a true and fair view".
You have determined that the company is exempt from the statutory requirement for an audit for the year ended 31 May 2024. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
BMG Accountancy Services Ltd
5 Commercial Road
Shepton Mallet
Somerset
BA4 5BU
18 February 2025
The Tora Collective Ltd
Statement of financial position
as at 31 May 2024
Cash at bank and in hand
1,796
Creditors: amounts falling due within one year
(20,958)
Net current liabilities
(19,112)
Total assets less current liabilities
(19,112)
Creditors: amounts falling due after more than one year
(11,500)
Called up share capital
12,500
Profit and loss account
(43,112)
Shareholders' funds
(30,612)
For the year ending 31 May 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 directors acknowledge their 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 of Directors and authorised for issue on 18 February 2025 and were signed on its behalf by
Indigo Howard
Director
Company Registration No. 14136762
The Tora Collective Ltd
Notes to the Accounts
for the year ended 31 May 2024
The Tora Collective Ltd is a private company, limited by shares, registered in England and Wales, registration number 14136762. The registered office is 42 Ramulis Drive, Hayes, UB4 9QA, England.
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.
These financial statements for the year ended 31 May 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 June 2023.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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.
Amounts falling due within one year
5
Creditors: amounts falling due within one year
2024
Loans from directors
15,958
6
Creditors: amounts falling due after more than one year
2024
7
Average number of employees
During the year the average number of employees was 0.