Toni Start Metal Works Ltd

	Page
Balance Sheet	1
Notes to the Financial Statements	2—3

Registered number: 11766800

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		4,015		4,125

			4,015		4,125
CURRENT ASSETS
Stocks	5	4,108		4,640
Debtors	6	-		221
Cash at bank and in hand		-		2,839

		4,108		7,700
Creditors: Amounts Falling Due Within One Year	7	(37,720 )		(41,369 )

NET CURRENT ASSETS (LIABILITIES)			(33,612 )		(33,669 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(29,597 )		(29,544 )

NET LIABILITIES			(29,597 )		(29,544 )

CAPITAL AND RESERVES
Called up share capital	8		1		1
Profit and Loss Account			(29,598 )		(29,545 )

SHAREHOLDERS' FUNDS			(29,597)		(29,544)

For the year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr A Hristov

Director

8th September 2025

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

Toni Start Metal Works Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11766800 . The registered office is 43 Cuckoo Hall Lane, London, N9 8DH.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared on the going concern basis. This assumes that the company will continue in operational existence for the foreseeable future.

At the balance sheet date, the company's liabilities for the period from 1 February 2024 to 31 January 2025 exceed its assets. The director of the company has sought assurance from the creditors that their debts will not be called in within the next twelve months.

The director has been therefore deemed it appropriate that the financial statements be prepared on the going concern basis.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25% on reducing balance
Motor Vehicles	25% on reducing balance
Computer Equipment	25% on reducing balance

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 4 (2024: 5)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 February 2024	2,000	3,500	-	5,500
Additions	850	-	379	1,229

As at 31 January 2025	2,850	3,500	379	6,729

Depreciation
As at 1 February 2024	500	875	-	1,375
Provided during the period	588	656	95	1,339

As at 31 January 2025	1,088	1,531	95	2,714

...CONTINUED

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Toni Start Metal Works Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

Net Book Value
As at 31 January 2025	1,762	1,969	284	4,015

As at 1 February 2024	1,500	2,625	-	4,125

5. Stocks

	2025	2024
	£	£
Work in progress	4,108	4,640

6. Debtors

	2025	2024
	£	£
Due within one year
Other debtors	-	221

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	9,337	965
Bank loans and overdrafts	15	-
Other creditors	25,366	37,010
Taxation and social security	3,002	3,394

	37,720	41,369

8. Share Capital

	2025	2024
Allotted, called up and fully paid	£	£
1 Ordinary Shares of £ 1.00 each	1	1

9. Related Party Transactions

During the year, no dividend was paid to the director.

10. Ultimate Controlling Party

The company's ultimate controlling party is Mr A Hristov by virtue of his ownership of 100% of the issued share capital in the company.

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