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COMPANY REGISTRATION NUMBER: 03852733

Todds Business Systems Limited

Filleted Unaudited Financial Statements

For the period ended

31 July 2025

Todds Business Systems Limited

Statement of Financial Position

31 July 2025

| 2025 | 2024
Note | £ | £ | £

Fixed assets

Tangible assets | 6 |  | 4,332 | 4,305

Current assets

Stocks | 39,684 |  | 35,297
Debtors | 7 | 79,632 |  | 91,350
Cash at bank and in hand | 49,424 |  | 401,431
| --------- |  | ---------
| 168,740 |  | 528,078

Creditors: amounts falling due within one year | 8 | 120,161 |  | 492,915
| --------- |  | ---------
Net current assets |  | 48,579 | 35,163
|  | -------- | --------
Total assets less current liabilities |  | 52,911 | 39,468

Provisions |  | 877 | 2,248
|  | -------- | --------
Net assets |  | 52,034 | 37,220
|  | -------- | --------

Capital and reserves

Called up share capital |  | 10,000 | 10,000
Profit and loss account |  | 42,034 | 27,220
|  | -------- | --------
Shareholders funds |  | 52,034 | 37,220
|  | -------- | --------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Todds Business Systems Limited

Statement of Financial Position (continued)

31 July 2025
These financial statements were approved by the board of directors and authorised for issue on 13 February 2026 , and are signed on behalf of the board by:

T McKeating
Director

Company registration number: 03852733

Todds Business Systems Limited

Notes to the Financial Statements

Year ended 31 July 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 11, Allenby Business Village, Crofton Close, Lincoln, Lincolnshire, LN3 4NT.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.The financial statements are prepared in sterling, which is the functional currency of the entity. Revenue recognition The turnover shown in the statement of income and retained earnings represents goods and services provided during the year, exclusive of value added tax. In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion. Taxation The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the year end where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax. Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the year end. Operating leases Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease. Intangible assets Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

| Goodwill | - | 20 years straight line
| Intellectual property rights | - | 4 years straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost of an asset, less its residual value, over the useful economic life of that asset as follows:

| Fixtures and fittings | - | 25% reducing balance
| Office equipment | - | 25% 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.
Defined contribution plans
The company operates a defined contribution pension scheme for employees. The annual contributions payable are charged against profit.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 7 (2024: 8 ).
5. Intangible assets

| Goodwill | Intellectual property rights | Total
| £ | £ | £
Cost |  |  |
At 1 August 2024 and 31 July 2025 | 83,800 | 10,000 | 93,800
| -------- | -------- | --------
Amortisation |  |  |
At 1 August 2024 and 31 July 2025 | 83,800 | 10,000 | 93,800
| -------- | -------- | --------
Carrying amount |  |  |
At 31 July 2025 | – | – | –
| -------- | -------- | --------
At 31 July 2024 | – | – | –
| -------- | -------- | --------

6. Tangible assets

| Fixtures and fittings | Office equipment | Total
| £ | £ | £
Cost |  |  |
At 1 August 2024 | 17,959 | 42,377 | 60,336
Additions | – | 1,933 | 1,933
| -------- | -------- | --------
At 31 July 2025 | 17,959 | 44,310 | 62,269
| -------- | -------- | --------
Depreciation |  |  |
At 1 August 2024 | 17,959 | 38,072 | 56,031
Charge for the year | – | 1,906 | 1,906
| -------- | -------- | --------
At 31 July 2025 | 17,959 | 39,978 | 57,937
| -------- | -------- | --------
Carrying amount |  |  |
At 31 July 2025 | – | 4,332 | 4,332
| -------- | -------- | --------
At 31 July 2024 | – | 4,305 | 4,305
| -------- | -------- | --------

7. Debtors

| 2025 | 2024
| £ | £
Trade debtors | 67,965 | 87,243
Other debtors | 11,667 | 4,107
| -------- | --------
| 79,632 | 91,350
| -------- | --------

8. Creditors: amounts falling due within one year

| 2025 | 2024
| £ | £
Trade creditors | 14,274 | 50,770
Social security and other taxes | 19,586 | 29,946
Other creditors | 86,301 | 412,199
| --------- | ---------
| 120,161 | 492,915
| --------- | ---------

9. Deferred tax
The deferred tax included in the statement of financial position is as follows:

| 2025 | 2024
| £ | £
Included in provisions | 877 | 2,248
| ---- | -------

The deferred tax account consists of the tax effect of timing differences in respect of:

| 2025 | 2024
| £ | £
Accelerated capital allowances | 877 | 2,248
| ---- | -------

10. Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:

| 2025 | 2024
| £ | £
Not later than 1 year | 18,000 | 18,000
Later than 1 year and not later than 5 years | 45,000 | 63,000
| -------- | --------
| 63,000 | 81,000
| -------- | --------