REGISTERED NUMBER: 08096706 (England and Wales)

REPORT OF THE DIRECTOR AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

FOR

TONER SURPLUS LIMITED

Page

Company Information

1

Report of the Director

2

Balance Sheet

3

to

4

Notes to the Financial Statements

5

to

7

DIRECTOR:

Ms A Reid

REGISTERED OFFICE:

Britannic House

657 Liverpool Road

Irlam

Manchester

Lancashire

M44 5XD

BUSINESS ADDRESS:

Clanheir

2 Ayr Road

Larkhall

Glasgow

Lanarkshire

ML9 3AD

REGISTERED NUMBER:

08096706 (England and Wales)

The director presents her report with the financial statements of the company for the year ended 31 May 2025.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of the sale of printer cartridges and associated products.

DIRECTOR

Ms A Reid held office during the whole of the period from 1 June 2024 to the date of this report.

Her beneficial interest in the shares of the company, according to the register of directors' interests, was as follows:

31.5.25

1.6.24

Ordinary shares of £1 each

100

100

She did not hold any non-beneficial interests in the shares of the company.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

Ms A Reid - Director

6 January 2026

FIXED ASSETS

Tangible assets

4

7,295

3,292

CURRENT ASSETS

Stocks

75,318

82,373

Debtors

5

141,387

113,112

Cash at bank

191,086

300,172

407,791

495,657

CREDITORS

Amounts falling due within one year

6

(240,824

)

(188,855

)

NET CURRENT ASSETS

166,967

306,802

TOTAL ASSETS LESS CURRENT LIABILITIES

174,262

310,094

CREDITORS

Amounts falling due after more than one year

7

-

(15,016

)

NET ASSETS

174,262

295,078

CAPITAL AND RESERVES

Called up share capital

300

300

Retained earnings

173,962

294,778

SHAREHOLDERS' FUNDS

174,262

295,078

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

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

The director acknowledges her 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 January 2026 and were signed by:

Ms A Reid - Director

1.	STATUTORY INFORMATION

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

Tangible fixed assets

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

Improvements to property

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on 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.

Taxation

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

Current or deferred 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

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

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 1 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Motor

Computer

property

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 June 2024

1,050

6,764

13,650

8,344

29,808

Additions

-

6,500

-

-

6,500

At 31 May 2025

1,050

13,264

13,650

8,344

36,308

DEPRECIATION

At 1 June 2024

911

6,059

11,829

7,717

26,516

Charge for year

35

1,802

455

205

2,497

At 31 May 2025

946

7,861

12,284

7,922

29,013

NET BOOK VALUE

At 31 May 2025

104

5,403

1,366

422

7,295

At 31 May 2024

139

705

1,821

627

3,292

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Trade debtors

8,314

16,327

Amounts owed by participating interests

125,076

88,788

Other debtors

7,997

7,997

141,387

113,112

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Bank loans and overdrafts

-

10,000

Taxation and social security

1,977

8,773

Other creditors

238,847

170,082

240,824

188,855

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.5.25

31.5.24

£

£

Bank loans

-

15,016

8.	LEASING AGREEMENTS

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

31.5.25

31.5.24

£

£

Within one year

-

689

9.	RELATED PARTY DISCLOSURES

At the year-end included in amounts owed by participating interests is £89,862 (2024 : £88,788) due from Toner Point Ltd.

Scott & Cheryl Reid are currently shareholders of Toner Point Ltd.

At the year-end included in amounts owed by participating interests is £35,214 (2024 : £nil) due from Macara Gundogs Limited.

Aileen & Cheryl Reid are currently shareholders of Macara Gundogs Limited.

10.	ULTIMATE CONTROLLING PARTY

The controlling party is Ms A Reid.