Company Registration No. 10869616 (England and Wales)
Torchbound Ltd
Unaudited accounts
for the period from 1 August 2024 to 31 March 2025
Torchbound Ltd
Unaudited accounts
Contents
Torchbound Ltd
Company Information
for the period from 1 August 2024 to 31 March 2025
Company Number
10869616 (England and Wales)
Registered Office
Unit 4-5 Thorne Way
Wimborne
BH21 6FB
England
Torchbound Ltd
Statement of financial position
as at 31 March 2025
Cash at bank and in hand
4,839
1,964
Creditors: amounts falling due within one year
(40,440)
(13,088)
Net current assets
207,716
210,445
Total assets less current liabilities
865,716
210,445
Creditors: amounts falling due after more than one year
(658,000)
-
Net assets
207,716
210,445
Called up share capital
1
1
Profit and loss account
207,715
210,444
Shareholders' funds
207,716
210,445
For the period 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 members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 12 December 2025 and were signed on its behalf by
L J Hall
Director
Company Registration No. 10869616
Torchbound Ltd
Notes to the Accounts
for the period from 1 August 2024 to 31 March 2025
Torchbound Ltd is a private company, limited by shares, registered in England and Wales, registration number 10869616. The registered office is Unit 4-5 Thorne Way, Wimborne, BH21 6FB, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the period from 1 August 2024 to 31 March 2025 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 August 2023.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Torchbound Ltd
Notes to the Accounts
for the period from 1 August 2024 to 31 March 2025
4
Investments
Subsidiary undertakings
Valuation at 1 August 2024
-
Valuation at 31 March 2025
658,000
Amounts falling due within one year
Other debtors
131,868
129,368
Amounts falling due after more than one year
Amounts due from group undertakings etc.
99,801
-
6
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
8,537
3,018
7
Creditors: amounts falling due after more than one year
2025
2024
Loans from directors
658,000
-
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
9
Average number of employees
During the period the average number of employees was 0 (2024: 0).