Toast (Leeds) Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 10142201

TOAST (LEEDS) LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 July 2025

TOAST (LEEDS) LIMITED

STATEMENT OF FINANCIAL POSITION

30 July 2025

	30 Jul 25		31 Jul 24
Note	£	£	£

FIXED ASSETS

Tangible assets	6		40,740	41,417

CURRENT ASSETS

Stocks		5,150	5,187
Debtors	7	5,802	6,151
Cash at bank and in hand		11,757	5,950
		--------	--------
		22,709	17,288

CREDITORS: amounts falling due within one year	8	( 42,149)		( 87,142)
		--------		--------
NET CURRENT LIABILITIES			( 19,440)	( 69,854)
			--------	--------
TOTAL ASSETS LESS CURRENT LIABILITIES			21,300	( 28,437)
			--------	--------

CAPITAL AND RESERVES

Called up share capital	1	1
Profit and loss account	21,299	( 28,438)
	--------	--------
SHAREHOLDERS FUNDS/(DEFICIT)	21,300	( 28,437)
	--------	--------

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 period ending 30 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

TOAST (LEEDS) LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

30 July 2025

These financial statements were approved by the board of directors and authorised for issue on 11 May 2026 , and are signed on behalf of the board by:

J Geogallis
Director

Company registration number: 10142201

TOAST (LEEDS) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

PERIOD FROM 1 AUGUST 2024 TO 30 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 C, West Point, Wellington Street, Leeds, LS1 4JY, United Kingdom.

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.

Going concern

The director considers that the going concern basis of accounting is appropriate as they have confirmed their ongoing financial support to the company.

Revenue recognition

Turnover comprises revenue recognised by the company in respect of goods and services provided, exclusive of Value Added Tax.

Income tax

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of five years.

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	-	Over 5 years

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 to date.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Fixtures and fittings	-	15% reducing balance

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in non convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at transaction price and thereafter at fair value with changes recognised in profit and loss. The company holds the following financial assets and liabilities: Cash, Short-term trade and other debtors, and creditors. Cash in the balance sheet comprises cash at banks and in hand and short term deposits with an original maturity date of three months or less. 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 before operating profit.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the period amounted to 11 (2024: 12 ).

5. INTANGIBLE ASSETS

	Goodwill
	£
Cost
At 1 August 2024 and 30 July 2025	10,000
	--------
Amortisation
At 1 August 2024 and 30 July 2025	10,000
	--------
Carrying amount
At 30 July 2025	–
	--------
At 31 July 2024	–
	--------

6. TANGIBLE ASSETS

	Fixtures and fittings
	£
Cost
At 1 August 2024	119,616
Additions	5,654
	---------
At 30 July 2025	125,270
	---------
Depreciation
At 1 August 2024	78,199
Charge for the period	6,331
	---------
At 30 July 2025	84,530
	---------
Carrying amount
At 30 July 2025	40,740
	---------
At 31 July 2024	41,417
	---------

7. DEBTORS

	30 Jul 25	31 Jul 24
	£	£
Other debtors	5,802	6,151
	-------	-------

8. CREDITORS: amounts falling due within one year

	30 Jul 25	31 Jul 24
	£	£
Trade creditors	13,437	5,704
Social security and other taxes	24,670	24,082
Other creditors	4,042	57,356
	--------	--------
	42,149	87,142
	--------	--------