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Registration number: 08020790

Tollerton Stores Limited
Unaudited Filleted Financial Statements
for the Year Ended 30 April 2025

Tollerton Stores Limited

(Registration number: 08020790)
Balance Sheet as at 30 April 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Intangible assets | 4 | 140,000 | 160,000
Tangible assets | 5 | 34,985 | 22,259
|  | 174,985 | 182,259
Current assets |  |  |
Stocks | 6 | 28,777 | 25,581
Debtors | 7 | 32,983 | 32,937
Cash at bank and in hand |  | 110,999 | 88,128
|  | 172,759 | 146,646
Creditors: Amounts falling due within one year | 8 | (80,469) | (76,802)
Net current assets |  | 92,290 | 69,844
Total assets less current liabilities |  | 267,275 | 252,103
Provisions for liabilities |  | (9,044) | (6,234)
Net assets |  | 258,231 | 245,869
Capital and reserves |  |  |
Called up share capital |  | 1 | 1
Retained earnings |  | 258,230 | 245,868
Shareholders' funds |  | 258,231 | 245,869

Tollerton Stores Limited

(Registration number: 08020790)
Balance Sheet as at 30 April 2025

For the financial year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 20 June 2025 and signed on its behalf by:

.........................................

Mr P Lancaster
Director

Tollerton Stores Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

1 | General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
2 The Green
Tollerton
York
YO61 1PX

These financial statements were authorised for issue by the Board on 20 June 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Most goods are paid for upon collection. Account sales are minimal and settled within standard credit terms. A debtor is included where any balance is unpaid at the year end.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tollerton Stores Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Leasehold improvements | 10% on cost
Fixtures and fittings | 20% on reducing balance
Motor vehicles | 25% on reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class | Amortisation method and rate
Goodwill | Over its estimated useful life of 20 years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand .

Tollerton Stores Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method. Stock held on sale or return which is returnable to the supplier is excluded from closing stock valuations.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 11 (2024 - 20).

Tollerton Stores Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

4 | Intangible assets

| Goodwill £ | Total £
Cost or valuation
At 1 May 2024 | 400,000 | 400,000
At 30 April 2025 | 400,000 | 400,000
Amortisation
At 1 May 2024 | 240,000 | 240,000
Amortisation charge | 20,000 | 20,000
At 30 April 2025 | 260,000 | 260,000
Carrying amount
At 30 April 2025 | 140,000 | 140,000
At 30 April 2024 | 160,000 | 160,000

5 | Tangible assets

| Short leasehold land and buildings £ | Fixtures and fittings £ | Motor vehicles £ | Total £
Cost or valuation
At 1 May 2024 | 30,356 | 26,635 | 19,482 | 76,473
Additions | - | 3,849 | 18,500 | 22,349
Disposals | - | - | (11,995) | (11,995)
At 30 April 2025 | 30,356 | 30,484 | 25,987 | 86,827
Depreciation
At 1 May 2024 | 26,979 | 12,453 | 14,782 | 54,214
Charge for the year | 917 | 2,714 | 2,197 | 5,828
Eliminated on disposal | - | - | (8,200) | (8,200)
At 30 April 2025 | 27,896 | 15,167 | 8,779 | 51,842
Carrying amount
At 30 April 2025 | 2,460 | 15,317 | 17,208 | 34,985
At 30 April 2024 | 3,377 | 14,182 | 4,700 | 22,259

Tollerton Stores Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

Included within the net book value of land and buildings above is £2,460 (2024 - £3,377) in respect of short leasehold land and buildings.

6 | Stocks

| 2025 £ | 2024 £
Other inventories | 28,777 | 25,581

7 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 2,113 | 855
Prepayments | 514 | 514
Other debtors | 30,356 | 31,568
| 32,983 | 32,937

8 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Trade creditors | 46,658 | 45,882
Taxation and social security | 30,796 | 27,197
Accruals and deferred income | 3,015 | 3,679
Other creditors | - | 44
| 80,469 | 76,802

Tollerton Stores Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

9 | Related party transactions

Transactions with directors

2025 | At 1 May 2024 £ | Advances to director £ | Repayments by director £ | At 30 April 2025 £
Mr P Lancaster
Loan 2.25% interest | 21,926 | 636 | (2,198) | 20,364

2024 | At 1 May 2023 £ | Advances to director £ | Repayments by director £ | At 30 April 2024 £
Mr P Lancaster
Loan 2.25% interest | 21,939 | 14,692 | (14,705) | 21,926