REGISTERED NUMBER: 00617416 (England and Wales)

TOVALI LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Abridged Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

799,273

856,972

Investments

6

1,000

1,000

800,273

857,972

CURRENT ASSETS

Stocks

122,500

140,000

Debtors

161,964

348,067

Cash at bank and in hand

135,370

75,530

419,834

563,597

CREDITORS

Amounts falling due within one year

530,021

744,573

NET CURRENT LIABILITIES

(110,187

)

(180,976

)

TOTAL ASSETS LESS CURRENT LIABILITIES

690,086

676,996

CREDITORS

Amounts falling due after more than one year

(100,968

)

(119,437

)

ACCRUALS AND DEFERRED INCOME

(61,965

)

(73,129

)

NET ASSETS

527,153

484,430

CAPITAL AND RESERVES

Called up share capital

5,000

5,000

Revaluation reserve

8

433,469

433,469

Other reserves

494

494

Retained earnings

88,190

45,467

SHAREHOLDERS' FUNDS

527,153

484,430

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 December 2025 and were signed on its behalf by:

Mr E G Harries - Director

1.	STATUTORY INFORMATION

Tovali Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

00617416

Registered office:

Tovali Works

Glanyrafon Road

Carmarthen

Carmarthenshire

SA31 3AR

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.

The accounts are prepared on a going concern basis as the company continues to benefit from the support of the directors and its bankers.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Development costs

Development costs are being written off at 10% to 20% of net book value on a reducing balance basis.

Tangible fixed assets

Depreciation has been computed to write off the cost or valuation of tangible fixed assets over their expected useful lives as follows:

Freehold property - 2% per annum on cost

Plant & machinery - 5% to 20% per annum reducing balance

Office equipment - 5% to 20% per annum reducing balance

Motor vehicles - 5% to 25% per annum reducing balance.

Stocks

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

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2024 - 13 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

and 31 March 2025

41,030

AMORTISATION

At 1 April 2024

and 31 March 2025

41,030

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

1,727,960

Additions

19,844

Disposals

(42,053

)

At 31 March 2025

1,705,751

DEPRECIATION

At 1 April 2024

870,988

Charge for year

75,623

Eliminated on disposal

(40,133

)

At 31 March 2025

906,478

NET BOOK VALUE

At 31 March 2025

799,273

At 31 March 2024

856,972

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals

£

COST

At 1 April 2024

197,896

Transfer to ownership

(22,492

)

At 31 March 2025

175,404

DEPRECIATION

At 1 April 2024

56,195

Charge for year

17,540

Transfer to ownership

(6,997

)

At 31 March 2025

66,738

NET BOOK VALUE

At 31 March 2025

108,666

At 31 March 2024

141,701

6.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

At 1 April 2024

and 31 March 2025

1,000

NET BOOK VALUE

At 31 March 2025

1,000

At 31 March 2024

1,000

7.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

65,825

117,072

Hire purchase contracts

137,751

72,349

203,576

189,421

8.

RESERVES

Revaluation

reserve

£

At 1 April 2024

and 31 March 2025

433,469

9.	ULTIMATE CONTROLLING PARTY

The company is controlled by Mr E G Harries by virtue of his 55% shareholding.