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REGISTERED NUMBER: 08729136 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

THE TOOLBOX PROJECT

THE TOOLBOX PROJECT (REGISTERED NUMBER: 08729136)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 October 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE TOOLBOX PROJECT

COMPANY INFORMATION
For The Year Ended 31 October 2024







DIRECTORS: Mr I Milner
Mr M N Zienko





REGISTERED OFFICE: Sleeper Path
28 Station Avenue
New Earswick
York
North Yorkshire
YO32 4BN





REGISTERED NUMBER: 08729136 (England and Wales)





ACCOUNTANTS: Fortus Limited
Business Advisors & Accountants
Equinox House
Clifton Park, Shipton Road
York
YO30 5PA

THE TOOLBOX PROJECT (REGISTERED NUMBER: 08729136)

BALANCE SHEET
31 October 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 20,945 21,360

CURRENT ASSETS
Stocks 550 550
Debtors 5 46,041 41,863
Cash at bank 71,941 83,347
118,532 125,760
CREDITORS
Amounts falling due within one year 6 4,088 10,386
NET CURRENT ASSETS 114,444 115,374
TOTAL ASSETS LESS CURRENT LIABILITIES 135,389 136,734

PROVISIONS FOR LIABILITIES 4,850 4,851
NET ASSETS 130,539 131,883

RESERVES
Income and expenditure account 130,539 131,883
130,539 131,883

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 surplus or deficit 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.

THE TOOLBOX PROJECT (REGISTERED NUMBER: 08729136)

BALANCE SHEET - continued
31 October 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 17 July 2025 and were signed on its behalf by:




Mr M N Zienko - Director



Mr I Milner - Director


THE TOOLBOX PROJECT (REGISTERED NUMBER: 08729136)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 October 2024


1. STATUTORY INFORMATION

The Toolbox Project is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:
Plant & machinery25% straight line and 25% reducing balance
Fixtures & fittings25% reducing balance
Motor vehicles25% straight line and 25% reducing balance
Computer equipment25% straight line and 25% reducing balance

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

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.

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.

THE TOOLBOX PROJECT (REGISTERED NUMBER: 08729136)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 October 2024


2. ACCOUNTING POLICIES - continued

Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 November 2023 5,187 50,279 55,466
Additions - 6,451 6,451
Disposals - (1,688 ) (1,688 )
At 31 October 2024 5,187 55,042 60,229
DEPRECIATION
At 1 November 2023 104 34,002 34,106
Charge for year 103 6,138 6,241
Eliminated on disposal - (1,063 ) (1,063 )
At 31 October 2024 207 39,077 39,284
NET BOOK VALUE
At 31 October 2024 4,980 15,965 20,945
At 31 October 2023 5,083 16,277 21,360

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 37,500 38,195
Other debtors 8,541 3,668
46,041 41,863

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security - 6,784
Other creditors 4,088 3,602
4,088 10,386

THE TOOLBOX PROJECT (REGISTERED NUMBER: 08729136)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 October 2024


7. MEMBER'S LIABILITY

The company is limited by guarantee, not having a share capital and consequently the liability of
members is limited, subject to an undertaking by each member to contribute to the net assets or
liabilities of the company on winding up such amounts as may be required not exceeding £1. If the company is dissolved, any assets remaining after the satisfaction of its debts and liabilities shall not be distributed amongst the members but must be applied in one or both of the following ways, as may be decided by the members at or before the time of distribution: -
- By transfer to one or more not-for-profit distributing institutions with objects similar or compatible with those of the company;
- As a donation for charitable purposes