Company registration number 08778652 (England and Wales)
TOUGHMUTTS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024
PAGES FOR FILING WITH REGISTRAR
TOUGHMUTTS LTD
CONTENTS
Page
Statement of financial position
1
Notes to the financial statements
2 - 3
TOUGHMUTTS LTD
STATEMENT OF FINANCIAL POSITION
AS AT
30 NOVEMBER 2024
30 November 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
544
2,258
Current assets
Stocks
35,000
35,000
Cash at bank and in hand
1,573
2,590
36,573
37,590
Creditors: amounts falling due within one year
(38,079)
(52,938)
Net current liabilities
(1,506)
(15,348)
Net liabilities
(962)
(13,090)
Capital and reserves
Called up share capital
4
1
1
Profit and loss reserves
(963)
(13,091)
Total equity
(962)
(13,090)

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

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These 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, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

The director of the company has elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 28 August 2025
Mrs Michelle Hawkins
Director
Company registration number 08778652 (England and Wales)
TOUGHMUTTS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024
- 2 -
1
Accounting policies
Company information

Toughmutts Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 21, Jubilee Place, Staunton, Gloucestershire, United Kingdom, GL19 3RS.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

The director has considered the working capital needs of the company for a period of twelve months from the date of approval of these financial statements.

 

These financial statements have been prepared on the going concern basis, on the understanding that the director will continue to financially support the company during this uncertain period, by not withdrawing their funding to the detriment of other creditors and by providing further working capital as required by the company in order to deliver against its latest business plan.

1.3
Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

 

Revenue is recognised at the point of invoicing.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
20% on cost
Motor vehicles
20% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

1.6
Taxation

The tax expense represents the sum of the tax currently payable.

TOUGHMUTTS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2024
1
Accounting policies
(Continued)
- 3 -
Current tax

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted and substantively enacted by the statement of financial position date.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
2
3
3
Tangible fixed assets
Total
£
Cost
At 1 December 2023
3,938
Disposals
(2,377)
At 30 November 2024
1,561
Depreciation and impairment
At 1 December 2023
1,680
Depreciation charged in the year
787
Eliminated in respect of disposals
(1,450)
At 30 November 2024
1,017
Carrying amount
At 30 November 2024
544
At 30 November 2023
2,258
4
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
1
1
1
1
5
Related party transactions

Mrs M C Hawkins

Sole director and shareholder

In a previous period, Mrs Hawkins loaned the company £27,256 as working capital. During the year, the company repaid the related party £4,957. The amount due to the related party at the year end was £22,299 (2023 £27,256). The amount is unsecured, interest free and repayable on demand.

 

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