2 false false false false false false false false false false true false false false false false false No description of principal activity 2023-03-26 Sage Accounts Production Advanced 2024 - FRS102_2024 13,896 2,520 16,416 8,600 5,472 14,072 2,344 5,296 100 100 100 xbrli:pure xbrli:shares iso4217:GBP 05059149 2023-03-26 2024-03-25 05059149 2024-03-25 05059149 2023-03-25 05059149 2022-03-26 2023-03-25 05059149 2023-03-25 05059149 2022-03-25 05059149 core:FurnitureFittings 2023-03-26 2024-03-25 05059149 bus:Director1 2023-03-26 2024-03-25 05059149 core:PatentsTrademarksLicencesConcessionsSimilar 2023-03-25 05059149 core:PatentsTrademarksLicencesConcessionsSimilar 2024-03-25 05059149 core:FurnitureFittings 2023-03-25 05059149 core:FurnitureFittings 2024-03-25 05059149 core:PatentsTrademarksLicencesConcessionsSimilar 2023-03-26 2024-03-25 05059149 core:WithinOneYear 2024-03-25 05059149 core:WithinOneYear 2023-03-25 05059149 core:ShareCapital 2024-03-25 05059149 core:ShareCapital 2023-03-25 05059149 core:RetainedEarningsAccumulatedLosses 2024-03-25 05059149 core:RetainedEarningsAccumulatedLosses 2023-03-25 05059149 core:PatentsTrademarksLicencesConcessionsSimilar 2023-03-25 05059149 core:CostValuation core:Non-currentFinancialInstruments 2024-03-25 05059149 core:Non-currentFinancialInstruments 2024-03-25 05059149 core:Non-currentFinancialInstruments 2023-03-25 05059149 core:FurnitureFittings 2023-03-25 05059149 bus:SmallEntities 2023-03-26 2024-03-25 05059149 bus:AuditExemptWithAccountantsReport 2023-03-26 2024-03-25 05059149 bus:SmallCompaniesRegimeForAccounts 2023-03-26 2024-03-25 05059149 bus:PrivateLimitedCompanyLtd 2023-03-26 2024-03-25 05059149 bus:FullAccounts 2023-03-26 2024-03-25 05059149 core:OfficeEquipment 2023-03-26 2024-03-25 05059149 core:OfficeEquipment 2023-03-25 05059149 core:OfficeEquipment 2024-03-25 05059149 core:KeyManagementPersonnel 2023-03-26 2024-03-25
COMPANY REGISTRATION NUMBER: 05059149
Tollen Software Limited
Filleted Unaudited Financial Statements
25 March 2024
Tollen Software Limited
Financial Statements
Year ended 25 March 2024
Contents
Page
Statement of financial position
1
Notes to the financial statements
3
Tollen Software Limited
Statement of Financial Position
25 March 2024
2024
2023
Note
£
£
£
Fixed assets
Intangible assets
5
2,344
5,296
Tangible assets
6
3,351
2,895
Investments
7
100
100
-------
-------
5,795
8,291
Current assets
Debtors
8
34,768
31,497
Cash at bank and in hand
189
14,724
--------
--------
34,957
46,221
Creditors: amounts falling due within one year
9
79,194
68,893
--------
--------
Net current liabilities
44,237
22,672
--------
--------
Total assets less current liabilities
( 38,442)
( 14,381)
Provisions
Taxation including deferred tax
( 3,940)
724
--------
--------
Net liabilities
( 34,502)
( 15,105)
--------
--------
Capital and reserves
Called up share capital
100
100
Profit and loss account
( 34,602)
( 15,205)
--------
--------
Shareholders deficit
( 34,502)
( 15,105)
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 25 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Tollen Software Limited
Statement of Financial Position (continued)
25 March 2024
These financial statements were approved by the board of directors and authorised for issue on 25 March 2025 , and are signed on behalf of the board by:
Mr J P Shubrook
Director
Company registration number: 05059149
Tollen Software Limited
Notes to the Financial Statements
Year ended 25 March 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Camburgh House, 27 New Dover Road, Canterbury, Kent, CT1 3DN.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The director will continue to support the company and believes that the company will generate a profit in future periods therefore the accounts have been prepared on a going concern basis.
Consolidation
The entity has taken advantage of the option not to prepare consolidated financial statements contained in Section 399 of the Companies Act 2006 on the basis that the entity and its subsidiary undertakings comprise a small group.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Patents, trademarks and licences
-
3 years straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
15% reducing balance
Equipment
-
15% reducing balance
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).
5. Intangible assets
Patents, trademarks and licences
£
Cost
At 26 March 2023
13,896
Additions
2,520
--------
At 25 March 2024
16,416
--------
Amortisation
At 26 March 2023
8,600
Charge for the year
5,472
--------
At 25 March 2024
14,072
--------
Carrying amount
At 25 March 2024
2,344
--------
At 25 March 2023
5,296
--------
6. Tangible assets
Fixtures and fittings
Equipment
Total
£
£
£
Cost
At 26 March 2023
1,060
3,692
4,752
Additions
1,017
1,017
-------
-------
-------
At 25 March 2024
1,060
4,709
5,769
-------
-------
-------
Depreciation
At 26 March 2023
1,004
853
1,857
Charge for the year
8
553
561
-------
-------
-------
At 25 March 2024
1,012
1,406
2,418
-------
-------
-------
Carrying amount
At 25 March 2024
48
3,303
3,351
-------
-------
-------
At 25 March 2023
56
2,839
2,895
-------
-------
-------
7. Investments
Shares in group undertakings
£
Cost
At 26 March 2023 and 25 March 2024
100
----
Impairment
At 26 March 2023 and 25 March 2024
----
Carrying amount
At 25 March 2024
100
----
At 25 March 2023
100
----
At the balance sheet date, the company's investments consisted of the ownership of 100% of the ordinary share capital of Cryptodata Live Ltd.
8. Debtors
2024
2023
£
£
Amounts owed by group undertakings.
33,723
Other debtors
1,045
31,497
--------
--------
34,768
31,497
--------
--------
9. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
1,317
Trade creditors
3,667
727
Amounts owed to group undertakings.
29,777
Social security and other taxes
4,210
152
Other creditors
70,000
38,237
--------
--------
79,194
68,893
--------
--------
10. Related party transactions
At the year end the company owed a director £68,500 (2023: £36,737). At the year end the company was owed £33,723 by (2023: owed £29,777 to) its subsidiary company.