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REGISTERED NUMBER: 11026229 (England and Wales)




UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

TOMORROW'S JOURNEY LIMITED

TOMORROW'S JOURNEY LIMITED (REGISTERED NUMBER: 11026229)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TOMORROW'S JOURNEY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2024







DIRECTORS: D Betteley
C R Kirby
M D Potts
R Sharif



REGISTERED OFFICE: 3 Bentley Drive
Oswestry
United Kingdom
Shropshire
SY11 1TQ



REGISTERED NUMBER: 11026229 (England and Wales)



ACCOUNTANTS: M. D. Coxey and Co. Limited
Chartered Accountants
25 Grosvenor Road
Wrexham
LL11 1BT



BANKERS: Barclays Bank plc

TOMORROW'S JOURNEY LIMITED (REGISTERED NUMBER: 11026229)

BALANCE SHEET
31ST DECEMBER 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 17,100 15,578
Investments 5 1,046 1,046
18,146 16,624

CURRENT ASSETS
Debtors 6 647,450 600,204
Cash at bank 71,780 297
719,230 600,501
CREDITORS
Amounts falling due within one year 7 606,481 550,067
NET CURRENT ASSETS 112,749 50,434
TOTAL ASSETS LESS CURRENT
LIABILITIES

130,895

67,058

CREDITORS
Amounts falling due after more than one
year

8

3,750

12,811
NET ASSETS 127,145 54,247

CAPITAL AND RESERVES
Called up share capital 11 108 107
Share premium 12 604,710 589,223
Retained earnings 12 (477,673 ) (535,083 )
SHAREHOLDERS' FUNDS 127,145 54,247

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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.

TOMORROW'S JOURNEY LIMITED (REGISTERED NUMBER: 11026229)

BALANCE SHEET - continued
31ST DECEMBER 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 by the Board of Directors and authorised for issue on 11th February 2025 and were signed on its behalf by:




C R Kirby - Director



M D Potts - Director


TOMORROW'S JOURNEY LIMITED (REGISTERED NUMBER: 11026229)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024

1. STATUTORY INFORMATION

Tomorrow's Journey Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 25% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

TOMORROW'S JOURNEY LIMITED (REGISTERED NUMBER: 11026229)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2023 - 15 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1st January 2024 5,927 2,170 19,875 27,972
Additions 590 2,895 5,210 8,695
Disposals - - (483 ) (483 )
At 31st December 2024 6,517 5,065 24,602 36,184
DEPRECIATION
At 1st January 2024 2,090 715 9,589 12,394
Charge for year 1,209 618 5,295 7,122
Eliminated on disposal - - (432 ) (432 )
At 31st December 2024 3,299 1,333 14,452 19,084
NET BOOK VALUE
At 31st December 2024 3,218 3,732 10,150 17,100
At 31st December 2023 3,837 1,455 10,286 15,578

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1st January 2024
and 31st December 2024 1,046
NET BOOK VALUE
At 31st December 2024 1,046
At 31st December 2023 1,046

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 454,723 405,121
Amounts owed by group undertakings 54 54
Tax 167,502 -
Deferred tax asset 21,642 187,839
Prepayments 3,529 7,190
647,450 600,204

TOMORROW'S JOURNEY LIMITED (REGISTERED NUMBER: 11026229)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts (see note 9) 9,000 24,419
Other loans (see note 9) 125,000 125,000
Trade creditors 22,682 55,224
Social security and other taxes 145,505 93,972
Pension control account 7,446 2,652
Wages control account - 6,211
VAT 24,545 21,464
Other creditors 29,235 18,159
Directors' current accounts 84,585 129,775
Accrued expenses 158,483 73,191
606,481 550,067

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£    £   
Bank loans (see note 9) 3,750 12,811

9. LOANS

An analysis of the maturity of loans is given below:

31.12.24 31.12.23
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts - 15,419
Bank loans 9,000 9,000
Other loans 125,000 125,000
134,000 149,419

Amounts falling due between one and two years:
Bank loans - 1-2 years 3,750 9,000

Amounts falling due between two and five years:
Bank loans - 2-5 years - 3,811

10. DEFERRED TAX
£   
Balance at 1st January 2024 (187,839 )
Movement in the year due to:
changes in tax rates (3,836 )
changes in tax allowances 380
changes in tax loses 40,508
prior year R&D claim 129,145
Balance at 31st December 2024 (21,642 )

TOMORROW'S JOURNEY LIMITED (REGISTERED NUMBER: 11026229)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2024

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
9,679 Ordinary 1p 97 96
1,055 Ordinary A 1p 11 11
108 107

The following shares were issued during the year:

43 Ordinary shares of 1p for cash of £ 15,487

12. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1st January 2024 (535,083 ) 589,223 54,140
Profit for the year 57,410 57,410
Cash share issue - 15,487 15,487
At 31st December 2024 (477,673 ) 604,710 127,037

13. CAPITAL COMMITMENTS
31.12.24 31.12.23
£    £   
Contracted but not provided for in the
financial statements - -

14. ULTIMATE CONTROLLING PARTY

The controlling party is C R Kirby.