REGISTERED NUMBER: 00337357 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

T.O.C. LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A J Simmons

D Simmons

Mrs L J Bailey

Mrs B M Law

Mrs J Franklin

REGISTERED OFFICE:

Brandon Road

Coventry

West Midlands

CV3 2AN

REGISTERED NUMBER:

00337357 (England and Wales)

ACCOUNTANTS:

Armstrongs

Chartered Accountants and Tax Advisers

1 & 2 Mercia Village

Torwood Close

Westwood Business Park

Coventry

West Midlands

CV4 8HX

FIXED ASSETS

Tangible assets

4

46,549

34,164

CURRENT ASSETS

Stocks

5

327,758

342,055

Debtors

6

221,908

167,442

Cash at bank

249,479

286,823

799,145

796,320

CREDITORS

Amounts falling due within one year

7

418,744

390,039

NET CURRENT ASSETS

380,401

406,281

TOTAL ASSETS LESS CURRENT LIABILITIES

426,950

440,445

CREDITORS

Amounts falling due after more than one year

8

43,218

75,507

NET ASSETS

383,732

364,938

CAPITAL AND RESERVES

Called up share capital

1,875

1,875

Retained earnings

381,857

363,063

383,732

364,938

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 October 2025 and were signed on its behalf by:

Mrs L J Bailey - Director

1.	STATUTORY INFORMATION

T.O.C. 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.

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 net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Sale of goods

Turnover from the sale of products is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on dispatch of the goods.

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

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

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.

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 14 (2024 - 15 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 March 2024

475,524

105,910

12,217

593,651

Additions

16,751

3,394

-

20,145

At 28 February 2025

492,275

109,304

12,217

613,796

DEPRECIATION

At 1 March 2024

448,170

99,100

12,217

559,487

Charge for year

6,616

1,144

-

7,760

At 28 February 2025

454,786

100,244

12,217

567,247

NET BOOK VALUE

At 28 February 2025

37,489

9,060

-

46,549

At 29 February 2024

27,354

6,810

-

34,164

5.

STOCKS

2025

2024

£

£

Stocks

220,488

215,738

Work-in-progress

107,270

126,317

327,758

342,055

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

218,326

149,861

Other debtors

343

343

Prepayments

3,239

17,238

221,908

167,442

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

10,000

10,000

Other loans

1,699

615

Trade creditors

100,774

63,076

Amounts owed to group undertakings

84,886

79,661

Social security and other taxes

7,431

7,991

VAT

26,327

29,992

Other creditors

34

34

Directors' current accounts

165,087

178,266

Accrued expenses

22,506

20,404

418,744

390,039

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

5,834

10,000

Bank loans - 2-5 years

-

5,833

Other loans - 1-2 years

1,786

646

Other loans - 2-5 years

5,926

2,143

Other loans more 5yrs instal

29,672

56,885

43,218

75,507

Amounts falling due in more than five years:

Repayable by instalments

Other loans more 5yrs instal

29,672

56,885