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REGISTERED NUMBER: SC346855 (Scotland)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

Tolaine Limited

Tolaine Limited (Registered number: SC346855)






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

Report of the Accountants 7

Tolaine Limited

Company Information
for the Year Ended 31 October 2024







DIRECTORS: T Carroll
Mrs E Carroll





REGISTERED OFFICE: 16 Hutchison Drive
Bearsden
Glasgow
G61 2LQ





REGISTERED NUMBER: SC346855 (Scotland)





ACCOUNTANTS: Montroig Consultants Limited
16 Hutchison Drive
Bearsden
Glasgow
Lanarkshire
G61 2LQ

Tolaine Limited (Registered number: SC346855)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 561 341

CURRENT ASSETS
Debtors 5 58,604 61,655
Cash at bank 27,090 6,581
85,694 68,236
CREDITORS
Amounts falling due within one year 6 22,556 19,152
NET CURRENT ASSETS 63,138 49,084
TOTAL ASSETS LESS CURRENT
LIABILITIES

63,699

49,425

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 63,599 49,325
63,699 49,425

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 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.

Tolaine Limited (Registered number: SC346855)

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 14 July 2025 and were signed on its behalf by:




T Carroll - Director



Mrs E Carroll - Director


Tolaine Limited (Registered number: SC346855)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

Tolaine Limited is a private company, limited by shares , registered in Scotland. 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.
Plant and machinery etc - 25% on cost and 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Tolaine Limited (Registered number: SC346855)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2023 10,506
Additions 407
At 31 October 2024 10,913
DEPRECIATION
At 1 November 2023 10,165
Charge for year 187
At 31 October 2024 10,352
NET BOOK VALUE
At 31 October 2024 561
At 31 October 2023 341

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 1,463 1,834
Directors' current accounts 57,141 59,821
58,604 61,655

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Tax 17,048 12,062
VAT 3,993 5,575
Accrued expenses 1,515 1,515
22,556 19,152

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 October 2024 and 31 October 2023:

31.10.24 31.10.23
£    £   
T Carroll
Balance outstanding at start of year 27,523 31,115
Amounts advanced 26,183 27,523
Amounts repaid (27,523 ) (31,115 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 26,183 27,523

Tolaine Limited (Registered number: SC346855)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Mrs E Carroll
Balance outstanding at start of year 32,298 35,890
Amounts advanced 30,958 32,298
Amounts repaid (32,298 ) (35,890 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 30,958 32,298

Tolaine Limited

Report of the Accountants to the Directors of
Tolaine Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 October 2024 set out on pages one to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Montroig Consultants Limited
16 Hutchison Drive
Bearsden
Glasgow
Lanarkshire
G61 2LQ


14 July 2025