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REGISTERED NUMBER: 11312030 (England and Wales)












TOOGOODS LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025






TOOGOODS LTD (REGISTERED NUMBER: 11312030)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


TOOGOODS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2025







DIRECTORS: J J Toogood
P J Martin





REGISTERED OFFICE: Grange View
188A Bardon Road
Coalville
Leicestershire
LE67 4BL





REGISTERED NUMBER: 11312030 (England and Wales)





ACCOUNTANTS: Dexter & Sharpe (Skegness)
Chartered Certified Accountants
26 Ida Road
Skegness
Lincolnshire
PE25 2AR

TOOGOODS LTD (REGISTERED NUMBER: 11312030)

ABRIDGED BALANCE SHEET
30 APRIL 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 12,892 17,192

CURRENT ASSETS
Debtors 27,836 35,577
Cash at bank 625 1,439
28,461 37,016
CREDITORS
Amounts falling due within one year 23,985 34,089
NET CURRENT ASSETS 4,476 2,927
TOTAL ASSETS LESS CURRENT
LIABILITIES

17,368

20,119

CREDITORS
Amounts falling due after more than one
year

4

(26,921

)

(30,448

)

PROVISIONS FOR LIABILITIES (2,449 ) (3,266 )
NET LIABILITIES (12,002 ) (13,595 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (12,102 ) (13,695 )
(12,002 ) (13,595 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 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.

TOOGOODS LTD (REGISTERED NUMBER: 11312030)

ABRIDGED BALANCE SHEET - continued
30 APRIL 2025


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 April 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 August 2025 and were signed on its behalf by:




J J Toogood - Director



P J Martin - Director


TOOGOODS LTD (REGISTERED NUMBER: 11312030)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025


1. 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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

TOOGOODS LTD (REGISTERED NUMBER: 11312030)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2025


3. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 May 2024
and 30 April 2025 76,296
DEPRECIATION
At 1 May 2024 59,104
Charge for year 4,300
At 30 April 2025 63,404
NET BOOK VALUE
At 30 April 2025 12,892
At 30 April 2024 17,192

4. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
2025 2024
£    £   
Repayable by instalments
Other loans more 5yrs instal 7,634 6,090

5. LOANS

An analysis of the maturity of loans is given below:

2025 2024
£    £   
Amounts falling due within one year or on demand:
Other loans 4,822 4,872

Amounts falling due between one and two years:
Other loans - 1-2 years 4,822 9,743

Amounts falling due between two and five years:
Other loans - 2-5 years 14,465 14,615

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 7,634 6,090

TOOGOODS LTD (REGISTERED NUMBER: 11312030)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2025


6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2025 and 30 April 2024:

2025 2024
£    £   
P J Martin
Balance outstanding at start of year - 9,407
Amounts repaid - (9,407 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

J J Toogood
Balance outstanding at start of year - 9,333
Amounts repaid - (9,333 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

J M Toogood
Balance outstanding at start of year - 9,415
Amounts repaid - (9,415 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -