Company registration number 07267513 (England and Wales)
LITTLETOE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
PAGES FOR FILING WITH REGISTRAR
LITTLETOE LIMITED
CONTENTS
Page
Statement of financial position
1
Notes to the financial statements
2 - 6
LITTLETOE LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT
31 MARCH 2026
31 March 2026
- 1 -
2026
2025
Notes
£
£
£
£
Non-current assets
Property and equipment
4
3,620
6,311
Current assets
Inventories
250
250
Trade and other receivables
5
5,690
6,496
Cash and cash equivalents
7,474
5,465
13,414
12,211
Current liabilities
6
(9,736)
(11,498)
Net current assets
3,678
713
Total assets less current liabilities
7,298
7,024
Non-current liabilities
7
-
0
(496)
Net assets
7,298
6,528
Equity
Called up share capital
9
2
2
Retained earnings
7,296
6,526
Total equity
7,298
6,528

For the financial year ended 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he 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 Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 1 July 2026 and are signed on its behalf by:
Mrs J Egan
Director
Company registration number 07267513 (England and Wales)
LITTLETOE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
- 2 -
1
Accounting policies
Company information

Littletoe Limited is a private company limited by shares incorporated in England and Wales. The registered office is Chantry House, 22 Upperton Road, Eastbourne, East Sussex, BN21 1BF.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Revenue

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recover able.

1.3
Property and equipment

Property and equipment are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Tools and equipment
25% on a reducing balance basis
Motor vehicles
over 5 years on straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Impairment of non-current assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

LITTLETOE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
1
Accounting policies (Continued)
- 3 -

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted. If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.5
Inventories

Inventories are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition.

Inventories held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of inventories over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

LITTLETOE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
1
Accounting policies (Continued)
- 4 -
Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.8
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2026
2025
Number
Number
Total
2
2
LITTLETOE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 5 -
4
Property and equipment
Vehicle and Equipment
£
Cost
At 1 April 2025 and 31 March 2026
22,251
Depreciation and impairment
At 1 April 2025
15,940
Depreciation charged in the year
2,691
At 31 March 2026
18,631
Carrying amount
At 31 March 2026
3,620
At 31 March 2025
6,311
5
Trade and other receivables
2026
2025
Amounts falling due within one year:
£
£
Trade receivables
80
4,237
Other receivables
5,610
2,259
5,690
6,496
6
Current liabilities
2026
2025
£
£
Bank loans
667
4,171
Other payables
9,069
7,327
9,736
11,498
7
Non-current liabilities
2026
2025
£
£
Other payables
-
0
496

Bounce Back Loan was received in May 2020. It was interest free for the first 12 months and repayments commenced in May 2021 for the next f ive years.

LITTLETOE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 6 -
8
Retirement benefit schemes
2026
2025
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
8,400
7,700

The company operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the company in an independently administered fund.

9
Called up share capital
2026
2025
2026
2025
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
2
2
2
2
2026-03-31 2025-04-01 false false false 01 July 2026 CCH Software CCH Accounts Production 2026.100 No description of principal activity Mrs J Egan Mr D T Egan 07267513 2025-04-01 2026-03-31 07267513 2026-03-31 07267513 2025-03-31 07267513 core:OtherPropertyPlantEquipment 2026-03-31 07267513 core:OtherPropertyPlantEquipment 2025-03-31 07267513 core:CurrentFinancialInstruments core:WithinOneYear 2026-03-31 07267513 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 07267513 core:Non-currentFinancialInstruments core:AfterOneYear 2026-03-31 07267513 core:Non-currentFinancialInstruments core:AfterOneYear 2025-03-31 07267513 core:CurrentFinancialInstruments 2026-03-31 07267513 core:CurrentFinancialInstruments 2025-03-31 07267513 core:ShareCapital 2026-03-31 07267513 core:ShareCapital 2025-03-31 07267513 core:RetainedEarningsAccumulatedLosses 2026-03-31 07267513 core:RetainedEarningsAccumulatedLosses 2025-03-31 07267513 core:ShareCapitalOrdinaryShareClass1 2026-03-31 07267513 core:ShareCapitalOrdinaryShareClass1 2025-03-31 07267513 bus:Director1 2025-04-01 2026-03-31 07267513 core:FurnitureFittings 2025-04-01 2026-03-31 07267513 core:MotorVehicles 2025-04-01 2026-03-31 07267513 2024-04-01 2025-03-31 07267513 core:OtherPropertyPlantEquipment 2025-03-31 07267513 core:OtherPropertyPlantEquipment 2025-04-01 2026-03-31 07267513 core:Non-currentFinancialInstruments 2026-03-31 07267513 core:Non-currentFinancialInstruments 2025-03-31 07267513 bus:OrdinaryShareClass1 2025-04-01 2026-03-31 07267513 bus:OrdinaryShareClass1 2026-03-31 07267513 bus:OrdinaryShareClass1 2025-03-31 07267513 bus:PrivateLimitedCompanyLtd 2025-04-01 2026-03-31 07267513 bus:SmallCompaniesRegimeForAccounts 2025-04-01 2026-03-31 07267513 bus:FRS102 2025-04-01 2026-03-31 07267513 bus:AuditExemptWithAccountantsReport 2025-04-01 2026-03-31 07267513 bus:Director2 2025-04-01 2026-03-31 07267513 bus:FullAccounts 2025-04-01 2026-03-31 xbrli:pure xbrli:shares iso4217:GBP