Registration number: 08020790

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