REGISTERED NUMBER: 07372204 (England and Wales)

Financial Statements for the Year Ended 31 December 2024

for

Toumetis Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M Willnerd

R Wozniak

REGISTERED OFFICE:

129 Cumberland Road

Bristol

BS1 6UX

REGISTERED NUMBER:

07372204 (England and Wales)

ACCOUNTANTS:

Atkinsons

Chartered Accountants

Palmeira Avenue Mansions

19 Church Road

Hove

East Sussex

BN3 2FA

FIXED ASSETS

Intangible assets

4

2,270

4,539

Tangible assets

5

21,298

29,828

23,568

34,367

CURRENT ASSETS

Debtors

6

103,409

83,602

Cash at bank

51,375

16,671

154,784

100,273

CREDITORS

Amounts falling due within one year

7

24,291

(29,331

)

NET CURRENT ASSETS

130,493

129,604

TOTAL ASSETS LESS CURRENT LIABILITIES

154,061

163,971

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

153,961

163,871

154,061

163,971

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 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.

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 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 18 September 2025 and were signed on its behalf by:

M Willnerd - Director

1.	STATUTORY INFORMATION

Toumetis Ltd 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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant & machinery - 20% straight line basis

Fixtures and fittings - 25% reducing balance basis

Computer equipment - 50% reducing balance basis

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2023 - 22 ) .

4.	INTANGIBLE FIXED ASSETS

Computer

software

£

COST

At 1 January 2024

and 31 December 2024

6,809

AMORTISATION

At 1 January 2024

2,270

Amortisation for year

2,269

At 31 December 2024

4,539

NET BOOK VALUE

At 31 December 2024

2,270

At 31 December 2023

4,539

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 January 2024

1,798

13,138

57,544

72,480

Additions

3,125

136

4,178

7,439

Disposals

-

-

(2,166

)

(2,166

)

At 31 December 2024

4,923

13,274

59,556

77,753

DEPRECIATION

At 1 January 2024

210

11,372

31,070

42,652

Charge for year

672

475

14,438

15,585

Eliminated on disposal

-

-

(1,782

)

(1,782

)

At 31 December 2024

882

11,847

43,726

56,455

NET BOOK VALUE

At 31 December 2024

4,041

1,427

15,830

21,298

At 31 December 2023

1,588

1,766

26,474

29,828

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Other debtors

103,409

83,602

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Taxation and social security

(36,896

)

(87,857

)

Other creditors

61,187

58,526

24,291

(29,331

)

8.	OTHER FINANCIAL COMMITMENTS

The company operates a defined contribution pension scheme for the directors and employees. The assets of the scheme are held separately from those of the Company in an independently administered fund. Unpaid contributions owing at the year end totalled £19,837 (2023: £17,955).

9.	RELATED PARTY DISCLOSURES

Toumetis Ltd currently provides software development services exclusively to its parent company, Toumetis Inc. of Idaho, USA. At some point in the future Toumetis Ltd may start selling software products and services directly to customers in the UK and Europe.