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Registered Number: 03862297
England and Wales

 

 

 

TOMO PARTS LIMITED



Abridged Accounts
 


Period of accounts

Start date: 01 April 2024

End date: 31 March 2025

Tomo Parts Limited
Contents Page
For the year ended 31 March 2025
In order to assist you to fulfil your duties under Companies Act 2006, we have prepared for your approval the accounts of Tomo Parts Limited for the year ended 31 March 2025 which comprise the Statement of Comprehensive Income, the Statement of Financial Position, the Statement of Changes in Equity, the Statement of Cash Flows and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com.

This report is made solely to the member of Tomo Parts Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Tomo Parts Limited and state those matters that we have agreed to state to the Board of Tomo Parts Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants and as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Tomo Parts Limited and its members as a body for our work or for this report.

It is your duty to ensure that Tomo Parts Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and Profit of Tomo Parts Limited. You consider that Tomo Parts Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Tomo Parts Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.



....................................................
Allazo Ltd
2 Claridge Court
Lower Kings Road
Berkhamsted
Hertfordshire
HP4 2AF
01 December 2025
1
 
 		 Notes
 		 2025
£		   2024
£
Fixed assets      
Tangible fixed assets 3 65,440    87,385 
65,440    87,385 
Current assets      
Stocks 314,404    379,647 
Debtors: amounts falling due within one year 989,296    872,520 
Cash at bank and in hand 583    6,771 
1,304,283    1,258,938 
Creditors: amount falling due within one year (1,318,916)   (1,314,864)
Net current assets (14,633)   (55,926)
 
Total assets less current liabilities 50,807    31,459 
Provisions for liabilities (10,096)   (15,982)
Net assets 40,711    15,477 
 

Capital and reserves 		     
Called up share capital 4 1,000    1,000 
Profit and loss account 39,711    14,477 
Shareholders' funds 40,711    15,477 
 


For the year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 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. In accordance with Section 444 of the Companies Act 2006 the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 01 December 2025 and were signed on its behalf by:


-------------------------------
James Spencer
Director
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General Information
Tomo Parts Limited is a private company, limited by shares, registered in England and Wales, registration number 03862297, registration address Unit 1, Tomo Industrial Estate, Packet Boat Lane, Uxbridge, UB8 2JP.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102(1A) The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable net of VAT
and trade discounts. Turnover includes revenue earned from the sale of goods only. 
  • Sale of goods
Sale of goods revenue is recognised at the point of sale, which is usually where the customer
has taken delivery of the goods, the risks and rewards are transferred to the customer and there is a valid sales contract. Amounts disclosed as revenue are net of sales returns and trade discounts.
Supplier rebates
Supplier rebates are offset against the appropriate purchase cost recognised at the point of purchase.  Where there are timing differences the financial benefit is accrued.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 33% Reducing Balance
Motor Vehicles 33% Reducing Balance
Fixtures and Fittings 25% Reducing Balance
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Significant Judgements and Estimates
Preparation of the financial statements requires management to make significant judgements and estimates. The following are significant management judgements in applying the accounting policies of the group that have the most significant effect on the financial statements.
  • Stock value
Stock represents a large amount on the company's balance sheet, the directors ensure that the stock is valued at the lower of cost and net realisable value.  Management ensure this is reviewed and duly considered at regular intervals and have installed robust software and systems to maintain the correct valuation. 

Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
2.

Average number of employees

Average number of employees during the year was 5 (2024 : 5).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Fixtures and Fittings   Total
  £   £   £   £
At 01 April 2024 2,140    27,100    308,821    338,061 
Additions -    -    -    - 
Disposals -    -    -    - 
At 31 March 2025 2,140    27,100    308,821    338,061 
Depreciation
At 01 April 2024 2,010    26,000    222,666    250,676 
Charge for year 43    363    21,539    21,945 
On disposals -    -    -    - 
At 31 March 2025 2,053    26,363    244,205    272,621 
Net book values
Closing balance as at 31 March 2025 87    737    64,616    65,440 
Opening balance as at 01 April 2024 130    1,100    86,155    87,385 


4.

Share Capital

Allotted, called up and fully paid
2025
£		   2024
£
1,000 Ordinary shares of £1.00 each 1,000    1,000 
1,000    1,000 

5.

Ultimate Controlling Party

The company's ultimate parent undertaking is Tomo Motor Group Ltd, a company registered in England.  Tomo Motor Group Ltd has qualified for exemption from preparing consolidated accounts under small group relief.
6.

Related parties

At the year end the directors owed the company £242,229 by way of an interest bearing loan (2024; £155,920).  The loan was repaid to the company within 9 months of the year end. 
3