TokenMarket Limited 10988359 false 2023-07-01 2024-06-30 2024-06-30 The principal activity of the company is providing consultancy services Digita Accounts Production Advanced 6.30.9574.0 true true 10988359 2023-07-01 2024-06-30 10988359 2024-06-30 10988359 bus:OrdinaryShareClass1 2024-06-30 10988359 core:CurrentFinancialInstruments 2024-06-30 10988359 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 10988359 core:Non-currentFinancialInstruments 2024-06-30 10988359 core:Non-currentFinancialInstruments core:AfterOneYear 2024-06-30 10988359 core:FurnitureFittingsToolsEquipment 2024-06-30 10988359 1 2024-06-30 10988359 bus:SmallEntities 2023-07-01 2024-06-30 10988359 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 10988359 bus:FilletedAccounts 2023-07-01 2024-06-30 10988359 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 10988359 bus:RegisteredOffice 2023-07-01 2024-06-30 10988359 bus:Director2 2023-07-01 2024-06-30 10988359 bus:OrdinaryShareClass1 2023-07-01 2024-06-30 10988359 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 10988359 core:FurnitureFittingsToolsEquipment 2023-07-01 2024-06-30 10988359 core:OfficeEquipment 2023-07-01 2024-06-30 10988359 1 2023-07-01 2024-06-30 10988359 countries:EnglandWales 2023-07-01 2024-06-30 10988359 2023-06-30 10988359 core:FurnitureFittingsToolsEquipment 2023-06-30 10988359 2022-07-01 2023-06-30 10988359 2023-06-30 10988359 bus:OrdinaryShareClass1 2023-06-30 10988359 core:CurrentFinancialInstruments 2023-06-30 10988359 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 10988359 core:Non-currentFinancialInstruments 2023-06-30 10988359 core:Non-currentFinancialInstruments core:AfterOneYear 2023-06-30 10988359 core:FurnitureFittingsToolsEquipment 2023-06-30 10988359 1 2023-06-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 10988359

TokenMarket Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 June 2024

 

TokenMarket Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

TokenMarket Limited

Company Information

Director

Mr J J P Priestley

Registered office

Courtwood House
Silver Street Head
Sheffield
South Yorkshire
S1 2DD

 

TokenMarket Limited

(Registration number: 10988359)
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

458

840

Current assets

 

Debtors

5

564

10,396

Cash at bank and in hand

 

1,800

2,174

 

2,364

12,570

Creditors: Amounts falling due within one year

6

(103,767)

(45,403)

Net current liabilities

 

(101,403)

(32,833)

Total assets less current liabilities

 

(100,945)

(31,993)

Creditors: Amounts falling due after more than one year

6

(3,500)

(7,000)

Net liabilities

 

(104,445)

(38,993)

Capital and reserves

 

Called up share capital

7

1

1

Retained earnings

(104,446)

(38,994)

Shareholders' deficit

 

(104,445)

(38,993)

For the financial year ending 30 June 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 accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 27 June 2025
 

.........................................
Mr J J P Priestley
Director

 

TokenMarket Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Courtwood House
Silver Street Head
Sheffield
South Yorkshire
S1 2DD
United Kingdom

These financial statements were authorised for issue by the director on 27 June 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

TokenMarket Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

25% on cost

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

TokenMarket Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

4

tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 July 2023

1,529

1,529

At 30 June 2024

1,529

1,529

Depreciation

At 1 July 2023

689

689

Charge for the year

382

382

At 30 June 2024

1,071

1,071

Carrying amount

At 30 June 2024

458

458

At 30 June 2023

840

840

5

Debtors

Current

2024
£

2023
£

Trade debtors

-

8,700

Prepayments

-

1,119

Other debtors

564

577

 

564

10,396

 

TokenMarket Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8

3,807

3,500

Trade creditors

 

3,984

1,637

Taxation and social security

 

12,837

4,731

Accruals and deferred income

 

1,405

1,000

Other creditors

 

81,734

34,535

 

103,767

45,403

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

3,500

7,000

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

ordinary shares of £1 each

1

1

1

1

       
 

TokenMarket Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

8

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

3,500

7,000

Current loans and borrowings

2024
£

2023
£

Bank borrowings

3,807

3,500

Bank borrowings

Bank borrowings (Coronavirus bounceback loan) is denominated in GB £ with a nominal interest rate of 2.5%, and the final instalment is due on 30 June 2026. The carrying amount at year end is £7,307 (2023 - £10,500).