Tory Smith Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 11806933

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		11,760		14,292

			11,760		14,292
CURRENT ASSETS
Stocks	5	6,815		5,036
Cash at bank and in hand		71,513		47,916

		78,328		52,952
Creditors: Amounts Falling Due Within One Year	7	(32,852 )		(22,439 )

NET CURRENT ASSETS (LIABILITIES)			45,476		30,513

TOTAL ASSETS LESS CURRENT LIABILITIES			57,236		44,805

NET ASSETS			57,236		44,805

CAPITAL AND RESERVES
Called up share capital	8		1		1
Profit and Loss Account			57,235		44,804

SHAREHOLDERS' FUNDS			57,236		44,805

Page 1

Page 2

Tory Smith Limited

Balance Sheet (continued)

As At 31 March 2025

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 her 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

Miss V E Smith

Director

16 December 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Tory Smith Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11806933 . The registered office is Yew Tree House, Lewes Road, Forest Row, East Sussex, RH18 5AA.

The company's principal activity continues to be that of the sale of hot and cold refreshments.

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. 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	25% Reducing balance
Fixtures & Fittings	25% Reducing balance

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

Page 3

Page 4

Tory Smith Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

2.6. 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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 10 (2024: 4)

4. Tangible Assets

	Plant & Machinery	Fixtures & Fittings	Total
	£	£	£
Cost
As at 1 April 2024	19,722	6,870	26,592

As at 31 March 2025	19,722	6,870	26,592

Depreciation
As at 1 April 2024	9,295	3,005	12,300
Provided during the period	1,566	966	2,532

As at 31 March 2025	10,861	3,971	14,832

Net Book Value
As at 31 March 2025	8,861	2,899	11,760

As at 1 April 2024	10,427	3,865	14,292

5. Stocks

	2025	2024
	£	£
Materials	6,815	5,036

Page 4

Page 5

Tory Smith Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

6. Debtors

	2025	2024
	£	£
Due within one year

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	2,205	4,049
Other creditors	14,517	8,347
Taxation and social security	16,130	10,043

	32,852	22,439

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1	1

9. Directors Advances, Credits and Guarantees

Included in other creditors due within one year is a loan from the director, Miss V Smith amounting to £12,021 (2024 - £5,958).

The above loan is unsecured, interest free and repayable on demand.

10. Controlling Parties

The company's controlling party is its director, Miss V Smith by virtue of their interest in the share capital of the company.

Page 5