ACCOUNTS - Final Accounts

Registered number: 03062267

B C TOMS & CO LIMITED

UNAUDITED

DIRECTOR'S REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

B C TOMS & CO LIMITED

Company Information

Director	B C Toms


Company secretary	J Toms


Registered number	03062267


Registered office	3rd Floor
	12 Gough Square
	London
	EC4A 3DW

B C TOMS & CO LIMITED

Registered number: 03062267

Balance sheet

As at 31 December 2024

		2024		2023
Note		£		£

Fixed assets
Tangible assets	4		1,365		1,812
Investments	5		2,116		2,116
			3,481		3,928
Current assets
Debtors: amounts falling due within one year	6	99,404		154,498
Cash at bank and in hand		5,387		52
		104,791		154,550
Creditors: amounts falling due within one year	7	(273,030)		(209,839)
Net current liabilities			(168,239)		(55,289)
Total assets less current liabilities			(164,758)		(51,361)

Net liabilities			(164,758)		(51,361)

Capital and reserves
Called up share capital	1,000	1,000
Profit and loss account	(165,758)	(52,361)
	(164,758)	(51,361)

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

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B C TOMS & CO LIMITED

Registered number: 03062267

Balance sheet (continued)

As at 31 December 2024

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 23 December 2025.

B C Toms

Director

The notes on pages 3 to 6 form part of these financial statements.

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B C TOMS & CO LIMITED

Notes to the financial statements

For the year ended 31 December 2024

1.	General information

B C Toms & Co Limited is a private company limited by share capital, incorporated in the United Kingdom and registered in England and Wales. The registered office address is 3rd Floor, 12 Gough Square, London, EC4A 3DW.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Going concern

The financial statements have been prepared under the going concern. The director considers this to be appropriate as he intends to provide financial support to the company for at least twelve months following the approval of these financial statements.

2.3

Turnover

Turnover comprises revenue recognised by the company in respect of legal services provided during the year.

2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

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B C TOMS & CO LIMITED

Notes to the financial statements

For the year ended 31 December 2024

2.Accounting policies (continued)

2.5

Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Computer equipment

25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.6

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.10

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

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B C TOMS & CO LIMITED

Notes to the financial statements

For the year ended 31 December 2024

4.	Tangible fixed assets

		Computer equipment
		£
	Cost or valuation
	At 1 January 2024	2,416
	Additions	209
	At 31 December 2024	2,625
	Depreciation
	At 1 January 2024	604
	Charge for the year on owned assets	656
	At 31 December 2024	1,260
	Net book value
	At 31 December 2024	1,365
	At 31 December 2023	1,812

5.	Fixed asset investments

		Investments in subsidiary companies
		£
	Cost or valuation
	At 1 January 2024	2,116
	At 31 December 2024	2,116

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B C TOMS & CO LIMITED

Notes to the financial statements

For the year ended 31 December 2024

Debtors

					2024	2023
					£	£


Other debtors	87,340	115,323
Prepayments and accrued income	12,064	39,175
	99,404	154,498

7.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Trade creditors	-	1,836
Corporation tax	-	10,728
Other taxation and social security	-	5,965
Other creditors	273,030	191,310
	273,030	209,839

Related party transactions

During the year the company operated a loan account with the director. At the year end the balance owed to the director was £253,214 (2023: £159,848). The loan is interest free and repayable on demand.

During the year the company operated a loan account with British Ukrainian Chamber of Commerce, a company of which B C Toms is also director . At the year end the balance owed from British Ukrainian Chamber of Commerce was £7,078 (2023: £5,872). The loan is interest free and repayable on demand.

During the year the company operated a loan agreement with B. C. Toms & Co LLC, an entity registered in Ukraine under common control. At the year end, the balance owed from B. C. Toms & Co LLC was £76,048 (2023: £78,557). The loan is interest free and repayable on demand.

During the year the company incurred consultancy fees of £59,258 (2023: £4,700) from B. C. Toms & Co LLC.

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