Toni Thornton Art Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 12724563 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

TONI THORNTON ART LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr T J Kenna

Mrs T Kenna

REGISTERED OFFICE:

Unit 4A, Innovation Square

Green Lane Industrial Estate

Featherstone

West Yorkshire

WF7 6NX

REGISTERED NUMBER:

12724563 (England and Wales)

ACCOUNTANTS:

Xeinadin Barnsley Limited

12 Victoria Road

Barnsley

South Yorkshire

S70 2BB

FIXED ASSETS

Tangible assets

4

4,249

5,837

CURRENT ASSETS

Stocks

3,000

Cash at bank

9,818

9,964

12,818

12,964

CREDITORS

Amounts falling due within one year

5

16,309

18,299

NET CURRENT LIABILITIES

(3,491

)

(5,335

)

TOTAL ASSETS LESS CURRENT LIABILITIES

758

502

CAPITAL AND RESERVES

Called up share capital

6

2

Retained earnings

756

500

SHAREHOLDERS' FUNDS

758

502

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 26 May 2026 and were signed on its behalf by:

Mrs T Kenna - Director

1.	STATUTORY INFORMATION

Toni Thornton Art 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Fixtures and fittings

-

20% on cost

Computer equipment

-

20% on cost

Tangible fixed assets are stated at cost. Cost includes costs directly attributable to making the asset capable of operating as intended.

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 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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

COST

At 1 January 2025

7,659

3,279

10,938

Additions

600

-

600

At 31 December 2025

8,259

3,279

11,538

DEPRECIATION

At 1 January 2025

2,517

2,584

5,101

Charge for year

1,532

656

2,188

At 31 December 2025

4,049

3,240

7,289

NET BOOK VALUE

At 31 December 2025

4,210

39

4,249

At 31 December 2024

5,142

695

5,837

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

Corporation tax

4,284

7,577

VAT

2,540

6,345

Other creditors

7,196

1,196

Directors' current accounts

889

1,781

Accruals and deferred income

1,400

16,309

18,299

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.25

31.12.24

value:

£

1

B Ordinary

£1

1

A Ordinary

£1

1

2