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REGISTERED NUMBER: 11740036 (England and Wales)







Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Toro Verde GT Limited

Toro Verde GT Limited (Registered number: 11740036)

Contents of the Financial Statements
for the Year Ended 31 December 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Toro Verde GT Limited

Company Information
for the Year Ended 31 December 2024







DIRECTOR: J Westwood





REGISTERED OFFICE: 28 Prescott Street
Halifax
West Yorkshire
HX1 2LG





REGISTERED NUMBER: 11740036 (England and Wales)





ACCOUNTANTS: Lindley Adams Limited Chartered Accountants
28 Prescott Street
Halifax
West Yorkshire
HX1 2LG

Toro Verde GT Limited (Registered number: 11740036)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 222,546 400,649

CURRENT ASSETS
Debtors 5 113,531 226,665
Cash at bank 56,981 172,607
170,512 399,272
CREDITORS
Amounts falling due within one year 6 601,345 654,656
NET CURRENT LIABILITIES (430,833 ) (255,384 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(208,287

)

145,265

CREDITORS
Amounts falling due after more than one
year

7

107,869

225,659
NET LIABILITIES (316,156 ) (80,394 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (316,256 ) (80,494 )
(316,156 ) (80,394 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 7 July 2025 and were signed by:




J Westwood - Director


Toro Verde GT Limited (Registered number: 11740036)

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


1. STATUTORY INFORMATION

Toro Verde GT 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.

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 10% on 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Toro Verde GT Limited (Registered number: 11740036)

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


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024 490,460
Disposals (171,800 )
At 31 December 2024 318,660
DEPRECIATION
At 1 January 2024 89,811
Charge for year 43,526
Eliminated on disposal (37,223 )
At 31 December 2024 96,114
NET BOOK VALUE
At 31 December 2024 222,546
At 31 December 2023 400,649

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 70,435 91,705
Other debtors 43,096 134,960
113,531 226,665

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Hire purchase contracts (see note 8) 18,507 55,741
Trade creditors 196,677 57,836
Taxation and social security 125,303 141,448
Other creditors 260,858 399,631
601,345 654,656

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.24 31.12.23
£    £   
Hire purchase contracts (see note 8) 107,869 225,659

Toro Verde GT Limited (Registered number: 11740036)

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


8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.12.24 31.12.23
£    £   
Gross obligations repayable:
Within one year 37,077 80,957
Between one and five years 117,519 271,602
154,596 352,559

Finance charges repayable:
Within one year 18,570 25,216
Between one and five years 9,650 45,943
28,220 71,159

Net obligations repayable:
Within one year 18,507 55,741
Between one and five years 107,869 225,659
126,376 281,400

Non-cancellable operating leases
31.12.24 31.12.23
£    £   
Within one year 147,614 45,079
Between one and five years 339,487 153,861
487,101 198,940