TOLOTS (KINGS LYNN) LTD

Company Registration Number:
05802640 (England and Wales)

Unaudited abridged accounts for the year ended 30 November 2025

Period of accounts

Start date: 01 December 2024

End date: 30 November 2025

TOLOTS (KINGS LYNN) LTD

Contents of the Financial Statements

for the Period Ended 30 November 2025

Balance sheet
Notes

TOLOTS (KINGS LYNN) LTD

Balance sheet

As at 30 November 2025


Notes
2025
2024


£
£
Fixed assets
Tangible assets: 3 121,266 120,954
Total fixed assets: 121,266 120,954
Current assets
Stocks: 94,591 89,705
Debtors:   2,542 45,440
Cash at bank and in hand: 20,502 14,051
Total current assets: 117,635 149,196
Creditors: amounts falling due within one year:   (208,710) (209,021)
Net current assets (liabilities): (91,075) (59,825)
Total assets less current liabilities: 30,191 61,129
Total net assets (liabilities): 30,191 61,129
Capital and reserves
Called up share capital: 100 100
Revaluation reserve:414,69814,698
Profit and loss account: 15,393 46,331
Shareholders funds: 30,191 61,129

The notes form part of these financial statements

TOLOTS (KINGS LYNN) LTD

Balance sheet statements

For the year ending 30 November 2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 04 June 2026
and signed on behalf of the board by:

Name: Mr A C H barnes
Status: Director

The notes form part of these financial statements

TOLOTS (KINGS LYNN) LTD

Notes to the Financial Statements

for the Period Ended 30 November 2025

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

The turnover shown in the profit and loss account represents revenue earned during the period, exclusive of VAT.

Tangible fixed assets and depreciation policy

Annual depreciation of fixtures and fittings, and computer equipment is calculated at 25% of cost to write off the cost of the asset, less its residual value, over its estimated useful economic lifetime. Freehold land and buildings are not depreciated.

Valuation and information policy

Stock is valued at the lower of cost and estimated selling price less cost to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of completion.

TOLOTS (KINGS LYNN) LTD

Notes to the Financial Statements

for the Period Ended 30 November 2025

2. Employees

2025 2024
Average number of employees during the period 2 3

TOLOTS (KINGS LYNN) LTD

Notes to the Financial Statements

for the Period Ended 30 November 2025

3. Tangible Assets

Total
Cost £
At 01 December 2024 162,692
Additions 733
At 30 November 2025 163,425
Depreciation
At 01 December 2024 41,738
Charge for year 421
At 30 November 2025 42,159
Net book value
At 30 November 2025 121,266
At 30 November 2024 120,954

TOLOTS (KINGS LYNN) LTD

Notes to the Financial Statements

for the Period Ended 30 November 2025

4. Revaluation reserve

2025
£
Balance at 01 December 2024 14,698
Surplus or deficit after revaluation 0
Balance at 30 November 2025 14,698

TOLOTS (KINGS LYNN) LTD

Notes to the Financial Statements

for the Period Ended 30 November 2025

5. Related party transactions

Name of the related party: Mr A C H Barnes
Relationship:
Director
Description of the Transaction: The company records transactions with Mr A C H Barnes through a current account. The current account was not overdrawn at any time during the year. The loan is secured by a fixed charge over the company's freehold property and a floating charge over the company's current assets, is interest free and repayable on demand.
£
Balance at 01 December 2024 87,382
Balance at 30 November 2025 76,789
Name of the related party: Rannock Properties Limited
Relationship:
A company in which Mr A C H Barnes is a director
Description of the Transaction: The company recorded transactions with Rannock Properties Ltd., a company who's shares are held in trust for members of Mr A C H Barnes's family, through a current account. At the balance sheet date the company owed Rannock Properties Ltd. This debt is unsecured, interest free and repayable on demand.
£
Balance at 01 December 2024 110,355
Balance at 30 November 2025 119,355