REGISTERED NUMBER: 05672497 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 MARCH 2025

FOR

TORANET LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

B R Hiscott

REGISTERED OFFICE:

The Cloisters

4 Hillside

Aldershot

GU11 3NB

REGISTERED NUMBER:

05672497 (England and Wales)

ACCOUNTANTS:

RJP LLP

Ground Floor

Egerton House

68 Baker Street

Weybridge

Surrey

KT13 8AL

FIXED ASSETS

Tangible assets

4

2,661

4,202

CURRENT ASSETS

Stocks

5

16,078

16,089

Debtors

6

42,387

152,163

Cash at bank

25,386

56,352

83,851

224,604

CREDITORS

Amounts falling due within one year

7

29,694

80,109

NET CURRENT ASSETS

54,157

144,495

TOTAL ASSETS LESS CURRENT LIABILITIES

56,818

148,697

CREDITORS

Amounts falling due after more than one year

8

214,068

146,891

NET (LIABILITIES)/ASSETS

(157,250

)

1,806

CAPITAL AND RESERVES

Called up share capital

10

50,000

50,000

Retained earnings

(207,250

)

(48,194

)

SHAREHOLDERS' FUNDS

(157,250

)

1,806

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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.

The financial statements were approved by the director and authorised for issue on 23 December 2025 and were signed by:

B R Hiscott - Director

1.	STATUTORY INFORMATION

Toranet Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net invoiced sales of goods and consultancy services, excluding value added tax.

The sale of goods is recognised as turnover in the period of dispatch. Consultancy services are recognised as turnover in the period they are provided.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is defined as the actual cost of goods to be sold. Net realisable value is defined as the expected selling price less costs to complete and sell.

Taxation

Taxation for the year comprises current tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 31 March 2024

63,371

Additions

190

At 30 March 2025

63,561

DEPRECIATION

At 31 March 2024

59,169

Charge for year

1,731

At 30 March 2025

60,900

NET BOOK VALUE

At 30 March 2025

2,661

At 30 March 2024

4,202

5.

STOCKS

30.3.25

30.3.24

£

£

Stocks

16,078

16,089

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.3.25

30.3.24

£

£

Trade debtors

36,830

145,920

Other debtors

5,557

6,243

42,387

152,163

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.3.25

30.3.24

£

£

Trade creditors

10,977

50,391

Taxation and social security

8,358

21,094

Other creditors

10,359

8,624

29,694

80,109

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.3.25

30.3.24

£

£

Other creditors

214,068

146,891

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

30.3.25

30.3.24

£

£

Within one year

5,031

13,357

Between one and five years

1,475

6,506

6,506

19,863

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.3.25

30.3.24

value:

£

£

50,000

Ordinary

£1

50,000

50,000

11.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 March 2025 and 30 March 2024:

30.3.25

30.3.24

£

£

Director

Balance outstanding at start of year

(152,891

)

(172,907

)

Amounts advanced

-

20,016

Amounts repaid

(67,177

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(220,068

)

(152,891

)

The above loan is interest free.