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Registered number: 09789157
Ivan Toms Limited
Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09789157
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 1,500 1,500
Tangible Assets 5 207,404 94,181
208,904 95,681
CURRENT ASSETS
Debtors 6 12,804 1,526
Cash at bank and in hand 29,507 7,755
42,311 9,281
Creditors: Amounts Falling Due Within One Year 7 (10,300 ) (75,762 )
NET CURRENT ASSETS (LIABILITIES) 32,011 (66,481 )
TOTAL ASSETS LESS CURRENT LIABILITIES 240,915 29,200
Creditors: Amounts Falling Due After More Than One Year 8 (220,825 ) (20,568 )
NET ASSETS 20,090 8,632
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account 20,089 8,631
SHAREHOLDERS' FUNDS 20,090 8,632
Page 1
Page 2
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Ivan Toms
Director
30th November 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Ivan Toms Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09789157 . The registered office is 28 Trenant Road, Looe, Cornwall, PL13 1EP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of .... years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 8% Reducing balance
Motor Vehicles 8% Reducing balance
Computer Equipment 8% Reducing balance
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
1 1
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2024 1,500
As at 31 March 2025 1,500
Net Book Value
As at 31 March 2025 1,500
As at 1 April 2024 1,500
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5. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2024 101,976 5,500 6,906 114,382
Additions 121,111 90,147 - 211,258
Disposals (79,999 ) - - (79,999 )
As at 31 March 2025 143,088 95,647 6,906 245,641
Depreciation
As at 1 April 2024 17,651 1,065 1,485 20,201
Provided during the period 10,035 7,567 434 18,036
As at 31 March 2025 27,686 8,632 1,919 38,237
Net Book Value
As at 31 March 2025 115,402 87,015 4,987 207,404
As at 1 April 2024 84,325 4,435 5,421 94,181
6. Debtors
2025 2024
£ £
Due within one year
Other debtors 12,000 -
VAT 804 1,526
12,804 1,526
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Bank loans and overdrafts 8,483 10,776
Other loans - 7,128
Other taxes and social security 145 -
Accruals and deferred income 600 600
Director's loan account 1,072 57,258
10,300 75,762
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans - 20,568
Other loans 220,825 -
220,825 20,568
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9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1 1
Page 5