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Company No: 02553066 (England and Wales)

# TOLLHURST LIMITED

### Unaudited Financial Statements
For the financial year ended 30 April 2025
Pages for filing with the registrar

TOLLHURST LIMITED

## Unaudited Financial Statements

For the financial year ended 30 April 2025

Contents

TOLLHURST LIMITED

## COMPANY INFORMATION

For the financial year ended 30 April 2025
TOLLHURST LIMITED

## COMPANY INFORMATION (continued)

For the financial year ended 30 April 2025

Directors | M Carter
| J Carter

Registered office | Springfield House
| Springfield Road
| Horsham
| West Sussex
| RH12 2RG
| United Kingdom

Company number | 02553066 (England and Wales)

Accountant | Kreston Reeves LLP
| Springfield House
| Springfield Road
| Horsham
| West Sussex
| RH12 2RG

TOLLHURST LIMITED

## BALANCE SHEET

As at 30 April 2025
TOLLHURST LIMITED

## BALANCE SHEET (continued)

As at 30 April 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 54,232 |  | 71,091
|  | 54,232 |  | 71,091
Current assets |  |  |  |
Stocks |  | 12,500 |  | 12,500
Debtors | 4 | 90,710 |  | 102,904
Cash at bank and in hand |  | 72,557 |  | 116,659
|  | 175,767 |  | 232,063
Creditors: amounts falling due within one year | 5 | ( 125,308) |  | ( 158,550)
Net current assets |  | 50,459 |  | 73,513
Total assets less current liabilities |  | 104,691 |  | 144,604
Creditors: amounts falling due after more than one year | 6 | ( 10,184) |  | ( 21,459)
Net assets |  | 94,507 |  | 123,145
Capital and reserves |  |  |  |
Called-up share capital | 7 | 99 |  | 99
Capital redemption reserve |  | 6 |  | 6
Profit and loss account |  | 94,402 |  | 123,040
Total shareholders' funds |  | 94,507 |  | 123,145

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 financial statements for the financial year in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Comprehensive Income has not been delivered.

The financial statements of Tollhurst Limited (registered number: 02553066) were approved and authorised for issue by the Board of Directors on 15 October 2025. They were signed on its behalf by:

M Carter Director |

TOLLHURST LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2025
TOLLHURST LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Tollhurst Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Springfield House, Springfield Road, Horsham, , West Sussex, RH12 2RG, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

##### Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

##### Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Comprehensive Income in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery | 25 % reducing balance
Vehicles | 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

##### Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Comprehensive Income over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

##### Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

##### Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

##### Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

##### Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 8 |  | 8

#### 3. Tangible assets

| Plant and machinery |  | Vehicles |  | Total
| £ |  | £ |  | £
Cost |  |  |  |  |
At 01 May 2024 | 13,363 |  | 107,534 |  | 120,897
Additions | 1,166 |  | 0 |  | 1,166
At 30 April 2025 | 14,529 |  | 107,534 |  | 122,063
Accumulated depreciation |  |  |  |  |
At 01 May 2024 | 4,859 |  | 44,947 |  | 49,806
Charge for the financial year | 2,376 |  | 15,649 |  | 18,025
At 30 April 2025 | 7,235 |  | 60,596 |  | 67,831
Net book value |  |  |  |  |
At 30 April 2025 | 7,294 |  | 46,938 |  | 54,232
At 30 April 2024 | 8,504 |  | 62,587 |  | 71,091
Leased assets included above: |  |  |  |  |
Net book value |  |  |  |  |
At 30 April 2025 | 0 |  | 21,598 |  | 21,598
At 30 April 2024 | 0 |  | 28,797 |  | 28,797

#### 4. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 86,076 |  | 100,339
Amounts owed by directors | 4,588 |  | 2,565
Other debtors | 46 |  | 0
| 90,710 |  | 102,904

#### 5. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Bank loans | 3,442 |  | 3,115
Trade creditors | 48,597 |  | 79,063
Accruals | 2,750 |  | 3,250
Corporation tax | 29,585 |  | 33,426
Other taxation and social security | 32,097 |  | 31,597
Obligations under finance leases and hire purchase contracts | 7,833 |  | 7,233
Other creditors | 1,004 |  | 866
| 125,308 |  | 158,550

#### 6. Creditors: amounts falling due after more than one year

| 2025 |  | 2024
| £ |  | £
Bank loans | 2,477 |  | 5,919
Obligations under finance leases and hire purchase contracts | 7,707 |  | 15,540
| 10,184 |  | 21,459

#### 7. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
95 Ordinary A shares of £ 1.00 each | 95 |  | 95
1 Ordinary B share of £ 1.00 | 1 |  | 1
1 Ordinary C share of £ 1.00 | 1 |  | 1
2 Ordinary E shares of £ 1.00 each | 2 |  | 2
| 99 |  | 99

Each share class has the same right to vote and capital on winding up but different dividend rights.

#### 8. Financial commitments

Pensions

The Company operates a defined contribution pension scheme for the directors and employees. The assets of the scheme are held separately from those of the Company in an independently administered fund.

| 2025 |  | 2024
| £ |  | £
Unpaid contributions due to the fund (inc. in other creditors) | 773 |  | 866

#### 9. Related party transactions

Transactions with the entity's directors

During the year the company provided an interest-free loan to the director, which is repayable on demand. At the end of the year the amount due to the company from the director was £4,588 (2024 - £2,565). This loan was fully repaid within 9 months of the year end.