TOLOTS (KINGS LYNN) LTD

Company Registration Number:
05802640 (England and Wales)

Unaudited abridged accounts for the year ended 30 November 2024

Period of accounts

Start date: 01 December 2023

End date: 30 November 2024

TOLOTS (KINGS LYNN) LTD

Contents of the Financial Statements

for the Period Ended 30 November 2024

Balance sheet
Notes

TOLOTS (KINGS LYNN) LTD

Balance sheet

As at 30 November 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 120,954 121,272
Total fixed assets: 120,954 121,272
Current assets
Stocks: 89,705 130,735
Debtors:   45,440 37,379
Cash at bank and in hand: 14,051 10,478
Total current assets: 149,196 178,592
Creditors: amounts falling due within one year:   (209,021) (239,975)
Net current assets (liabilities): (59,825) (61,383)
Total assets less current liabilities: 61,129 59,889
Total net assets (liabilities): 61,129 59,889
Capital and reserves
Called up share capital: 100 100
Revaluation reserve:414,69814,698
Profit and loss account: 46,331 45,091
Shareholders funds: 61,129 59,889

The notes form part of these financial statements

TOLOTS (KINGS LYNN) LTD

Balance sheet statements

For the year ending 30 November 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 20 August 2025
and signed on behalf of the board by:

Name: Mr A C H barnes
Status: Director

The notes form part of these financial statements

TOLOTS (KINGS LYNN) LTD

Notes to the Financial Statements

for the Period Ended 30 November 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

The turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible fixed assets and depreciation policy

Annual depreciation of fixtures and fittings, and computer equipment is calculated at 25% of cost to write off the cost of the asset, less its residual value, over its estimated useful economic lifetime. Freehold land and buildings are not depreciated.

Valuation and information policy

Stock is valued at the lower of cost and estimated selling price less cost to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of completion.

TOLOTS (KINGS LYNN) LTD

Notes to the Financial Statements

for the Period Ended 30 November 2024

2. Employees

2024 2023
Average number of employees during the period 3 2

TOLOTS (KINGS LYNN) LTD

Notes to the Financial Statements

for the Period Ended 30 November 2024

3. Tangible Assets

Total
Cost £
At 01 December 2023 162,693
At 30 November 2024 162,693
Depreciation
At 01 December 2023 41,421
Charge for year 318
At 30 November 2024 41,739
Net book value
At 30 November 2024 120,954
At 30 November 2023 121,272

Tangible assets includes freehold land and buildings valued at £120,000.

TOLOTS (KINGS LYNN) LTD

Notes to the Financial Statements

for the Period Ended 30 November 2024

4. Revaluation reserve

2024
£
Balance at 01 December 2023 14,698
Surplus or deficit after revaluation 0
Balance at 30 November 2024 14,698

TOLOTS (KINGS LYNN) LTD

Notes to the Financial Statements

for the Period Ended 30 November 2024

5. Related party transactions

Name of the related party: Mr A C H Barnes
Relationship:
Director
Description of the Transaction: During the year the company repaid part of a loan made to the company by Mr Barnes. The loan is secured by a fixed charge over the company's freehold property and a floating charge over the company's current assets, interest free and repayable on demand.
£
Balance at 01 December 2023 135,530
Balance at 30 November 2024 87,392
Name of the related party: Rannock Properties Limited
Relationship:
A Trust for members of Mr A C H Barnes's family
Description of the Transaction: During the year the company repaid part of a loan from Rannock Properties Ltd. The loan is unsecured, interest free and repayable on demand.
£
Balance at 01 December 2023 110,355
Balance at 30 November 2024 93,606