ACCOUNTS - Final Accounts preparation

Commitments under operating leases

At 31 March 2025 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

Company registration number: 11237628

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 MARCH 2025

	TRADE TOUCAN LIMITED


TRADE TOUCAN LIMITED

COMPANY INFORMATION

Directors	L Bishop
	J R Northcott


Registered number	11237628


Registered office	30 Colleton Drive
	Twyford
	Reading
	RG10 0AX


Accountants	Menzies LLP
	Chartered Accountants
	Magna House
	18-32 London Road
	Staines-Upon-Thames
	TW18 4BP


TRADE TOUCAN LIMITED

CONTENTS

	Page
Statement of Financial Position	1 - 2
Notes to the Financial Statements	3 - 6


TRADE TOUCAN LIMITED REGISTERED NUMBER:11237628

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2025

		2025		2024
		£		£

Fixed assets
Tangible assets		13,003		23,988
		13,003		23,988
Current assets
Debtors: amounts falling due within one year	637,074		486,695
Cash at bank and in hand	226,354		239,027
	863,428		725,722
Creditors: amounts falling due within one year	(806,480)		(508,302)
Net current assets		56,948		217,420
Total assets less current liabilities		69,951		241,408

Net assets		69,951		241,408

Capital and reserves
Called up share capital	10	10
Profit and loss account	69,941	241,398
	69,951	241,408

Page 1


TRADE TOUCAN LIMITED REGISTERED NUMBER:11237628

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 MARCH 2025

The directors consider 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 directors acknowledge their 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 income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

L Bishop

Director

Date: 23 December 2025

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

Page 2


TRADE TOUCAN LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1.	General information

Trade Toucan Limited is a private company, limited by shares and incorporated in England and Wales. The company's registered number and registered office can be found on the Company Information page. The principal place of business is Toucan HQ, Ariel Way, London, W12 7GF.

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

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP and is rounded to the nearest £.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is generated via internet brand management services and is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3


TRADE TOUCAN LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

2.7

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 reporting date in the countries where the Company operates and generates income.

2.8

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.

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:

Fixtures and fittings etc.

33%

Straight Line

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.

2.9

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Employees

The average monthly number of employees, including directors, during the year was 29 (2024 - 30).

Page 4


TRADE TOUCAN LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

4.	Tangible fixed assets

		Fixtures and fittings etc.
		£
	Cost or valuation
	At 1 April 2024	74,704
	Additions	4,805
	Disposals	(20,219)
	At 31 March 2025	59,290
	Depreciation
	At 1 April 2024	50,716
	Charge for the year on owned assets	15,245
	Disposals	(19,674)
	At 31 March 2025	46,287
	Net book value
	At 31 March 2025	13,003
	At 31 March 2024	23,988

Debtors

					2025	2024
					£	£


Trade debtors	421,557	378,567
Amounts owed by group undertakings	9,182	-
Other debtors	206,335	108,128
	637,074	486,695

Page 5


TRADE TOUCAN LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

6.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Trade creditors	149,323	95,021
Amounts owed to group undertakings	23,650	-
Corporation tax	66,460	63,779
Other taxation and social security	81,582	87,836
Other creditors	4,576	7,666
Accruals and deferred income	480,889	254,000
	806,480	508,302

	Not later than 1 year	50,625	50,625
		50,625	50,625

8.	Related party transactions
	At the year end, the directors owed the company £63,392 (2024: £12,484). This amount is considered to be interest free and repayable on demand.

		2025	2024
		£	£

Balance at the start of the year	12,484	40,000
Amounts advanced	63,392	12,484
Amounts repaid	(12,484)	(40,000)
Balance at the end of the year	63,392	12,484

Page 6