REGISTERED NUMBER: 03725442 (England and Wales)

Tokenspire Construction Limited

Unaudited Financial Statements for the Year Ended 31st March 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C J Ellis

C A Ellis

SECRETARY:

C J Ellis

REGISTERED OFFICE:

18 Middle Street North

Driffield

East Yorkshire

YO25 6W

REGISTERED NUMBER:

03725442 (England and Wales)

ACCOUNTANTS:

Smailes Goldie

Chartered Accountants

Regent's Court

Princess Street

Hull

East Yorkshire HU2 8BA

FIXED ASSETS

Tangible assets

4

32,036

10,642

CURRENT ASSETS

Stocks

-

128,070

Debtors

5

299,406

226,744

Cash at bank

7,583

189,906

306,989

544,720

CREDITORS

Amounts falling due within one year

6

126,117

338,054

NET CURRENT ASSETS

180,872

206,666

TOTAL ASSETS LESS CURRENT LIABILITIES

212,908

217,308

CREDITORS

Amounts falling due after more than one year

7

(26,242

)

(29,167

)

PROVISIONS FOR LIABILITIES

(4,871

)

-

NET ASSETS

181,795

188,141

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

181,793

188,139

SHAREHOLDERS' FUNDS

181,795

188,141

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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.

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 17th December 2025 and were signed on its behalf by:

C A Ellis - Director

1.	STATUTORY INFORMATION

Tokenspire Construction 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.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover

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

Rendering of services

When the outcome of a transaction can be estimated reliably, turnover from construction services is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to costs incurred to date.

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

-

33% on cost

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

33% on cost

No depreciation has been charged on land and buildings as the relevant property was incomplete at the year end.

Stocks

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred 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 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.

Stocks and work in progress

Long term contracts are stated at cost net of amounts transferred to cost of sales less any foreseeable losses and progress payments receivable, not matched with turnover. Cost consists of direct materials, direct labour and appropriate related overheads.

Profit on long term contracts is recognised when the outcome of contracts can be assessed with reasonable certainty and is that amount which is estimated to fairly reflect the profit arising up to the accounting date. Profit on long term contracts is recognised in the profit and loss account as the difference between the reported turnover and related costs.

Hire purchase and leasing commitments

Assets acquired under finance leases are capitalised and depreciated over the shorter of the lease term and the expected useful life of the asset. Minimum lease payments are apportioned between the finance charge and the reduction of the outstanding lease liability using the effective interest method. The related obligations, net of future finance charges, are included in creditors.

Rentals payable and receivable under operating leases are charged to the profit and loss account 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.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Loans and borrowings

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Leasehold

Plant and

and

improvements

machinery

fittings

£

£

£

COST

At 1st April 2024

11,754

5,805

38,486

Additions

-

1,666

20,515

Disposals

(11,754

)

-

-

At 31st March 2025

-

7,471

59,001

DEPRECIATION

At 1st April 2024

11,754

5,805

29,713

Charge for year

-

-

6,420

Eliminated on disposal

(11,754

)

-

-

At 31st March 2025

-

5,805

36,133

NET BOOK VALUE

At 31st March 2025

-

1,666

22,868

At 31st March 2024

-

-

8,773

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1st April 2024

74,594

6,877

137,516

Additions

7,995

1,012

31,188

Disposals

-

-

(11,754

)

At 31st March 2025

82,589

7,889

156,950

DEPRECIATION

At 1st April 2024

74,594

5,008

126,874

Charge for year

1,999

1,375

9,794

Eliminated on disposal

-

-

(11,754

)

At 31st March 2025

76,593

6,383

124,914

NET BOOK VALUE

At 31st March 2025

5,996

1,506

32,036

At 31st March 2024

-

1,869

10,642

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

21,746

5,658

Amounts owed by group undertakings

185,469

37,951

Amounts recoverable on contracts

80,966

181,668

Other debtors

11,225

1,467

299,406

226,744

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

5,556

5,556

Hire purchase contracts

2,419

-

Trade creditors

38,533

157,362

Amounts owed to group undertakings

34,186

-

Taxation and social security

38,294

128,933

Other creditors

7,129

46,203

126,117

338,054

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

23,612

29,167

Hire purchase contracts

2,630

-

26,242

29,167

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

1,389

6,944

8.	ULTIMATE PARENT COMPANY