Company registration number: 10454509
Unaudited financial statements
for the year ended 30 November 2024
for
Tomlea Ltd
Pages for filing with the Registrar
Company registration number: 10454509
Tomlea Ltd
Balance sheet
as at 30 November 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 4 10,288 13,184
10,288 13,184
Current assets
Debtors 141 126
Cash at bank and in hand 2,877 1,734
3,018 1,860
Creditors: amounts falling due within one
year
(24,192) (22,939)
Net current liabilities (21,174) (21,079)
Total assets less current liabilities (10,886) (7,895)
Provisions for liabilities 2,010 1,442
NET LIABILITIES (8,876) (6,453)
Capital and reserves
Called up share capital 1 1
Profit and loss account (8,877) (6,454)
TOTAL EQUITY (8,876) (6,453)
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 30 November 2024.
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 to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 10454509
Tomlea Ltd
Balance sheet - continued
as at 30 November 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 Profit and loss account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 16 August 2025 and signed on its behalf by:
Mr T Cribb, Director
16 August 2025
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Tomlea Ltd
Notes to the financial statements
for the year ended 30 November 2024
1 Company information
Tomlea Ltd is a private company registered in England and Wales. Its registered number is 10454509. The company is limited by shares. Its registered office is 2 Almshouse Cottages, English Bicknor, Coleford, Gloucestershire, GL16 7PG.
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 historic cost convention.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc.:
Plant and machinery - 25% reducing balance
Fixtures & fittings - 25% reducing balance
Computer equipment - 25% reducing balance
Taxation
Taxation for the year comprises current and deferred taxation. Tax is recognised in the Profit and loss account, 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.
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Tomlea Ltd
Notes to the financial statements - continued
for the year ended 30 November 2024
2 Accounting policies - continued
Deferred taxation
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 been enacted or substantively enacted by the balance sheet date 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 probably that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
3 Average number of employees
During the year the average number of employees was 1 (2023 - 1).
4 Tangible fixed assets
Plant and
machinery
etc.
£
Cost
At 1 December 2023 19,243
Additions 534
At 30 November 2024 19,777
Depreciation
At 1 December 2023 6,059
Charge for year 3,430
At 30 November 2024 9,489
Net book value
At 30 November 2024 10,288
At 30 November 2023 13,184
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Tomlea Ltd
Notes to the financial statements - continued
for the year ended 30 November 2024
5 Advances, credit and guarantees granted to directors
The following advances and credits to directors subsisted during the years ended 30 November 2024 and 30 November 2023.
2024 2023
£ £
T Cribb
Balance outstanding at start of year (5,801) (3,658)
Amounts repaid (12,464) (2,143)
Balance outstanding at end of year (18,265) (5,801)
2024 2023
£ £
L Tierney
Balance outstanding at start of year (17,136) (7,094)
Amounts advanced 12,570 -
Amounts repaid - (10,042)
Balance outstanding at end of year (4,566) (17,136)
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