REGISTERED NUMBER: 05588282 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

TOUCHSTONE PROJECTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S Hateley

A Bentley

REGISTERED OFFICE:

Fulford House

Newbold Terrace

Leamington Spa

Warwickshire

CV32 4EA

REGISTERED NUMBER:

05588282 (England and Wales)

ACCOUNTANTS:

TGFP

Chartered Accountants

Fulford House

Newbold Terrace

Leamington Spa

Warwickshire

CV32 4EA

FIXED ASSETS

Tangible assets

4

43,387

17,114

CURRENT ASSETS

Stocks

24,250

169,000

Debtors

5

112,184

105,587

Cash at bank

225,812

81,453

362,246

356,040

CREDITORS

Amounts falling due within one year

6

130,038

143,631

NET CURRENT ASSETS

232,208

212,409

TOTAL ASSETS LESS CURRENT LIABILITIES

275,595

229,523

CREDITORS

Amounts falling due after more than one year

7

6,667

16,667

NET ASSETS

268,928

212,856

CAPITAL AND RESERVES

Called up and paid share capital

200

200

Retained earnings

268,728

212,656

SHAREHOLDERS' FUNDS

268,928

212,856

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 26 September 2025 and were signed on its behalf by:

S Hateley - Director

A Bentley - Director

1.	STATUTORY INFORMATION

Touchstone Projects Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

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

-

33% on cost

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Financial instruments

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Taxation

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

32,930

1,070

19,990

5,996

59,986

Additions

3,304

-

31,995

198

35,497

At 31 December 2024

36,234

1,070

51,985

6,194

95,483

DEPRECIATION

At 1 January 2024

28,723

164

8,746

5,239

42,872

Charge for year

3,383

208

4,810

823

9,224

At 31 December 2024

32,106

372

13,556

6,062

52,096

NET BOOK VALUE

At 31 December 2024

4,128

698

38,429

132

43,387

At 31 December 2023

4,207

906

11,244

757

17,114

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

3,600

15,834

Amounts owed by participating interests

78,400

77,300

Other debtors

6,000

12,453

Directors' current accounts

24,184

-

112,184

105,587

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

10,000

10,000

Trade creditors

47,851

68,972

Amounts owed to participating interests

23,149

32,790

Tax

20,596

20,736

Social security and other taxes

229

274

VAT

19,213

2,872

Other creditors

7,150

5,891

Directors' current accounts

-

316

Accruals and deferred income

1,850

1,780

130,038

143,631

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans - 2-5 years

6,667

16,667

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the company made advances of £24,184 to the Directors. The balance owed to the company at the year end is £24,184. The loan is interest free and there are no terms of repayment.

9.	RELATED PARTY DISCLOSURES

Included in other debtors is £78,400 (2023 - £77,300) owed from a company which is under the control of the directors. This loan is interest free and repayable on demand.

Included in other creditors is £23,149 (2023 - £32,790) owed to a company which is under the control of one of the directors. This loan is interest free and repayable on demand.