Toxico Limited 31/12/2025 iXBRL

Company registration number: 03579357

Toxico Limited

Unaudited filleted financial statements

31 December 2025

Toxico Limited

Contents

Directors and other information

Accountants report

Statement of financial position

Notes to the financial statements

Toxico Limited

Directors and other information


	Directors	G McGowan
		L Kitchener


	Secretary	G McGowan


	Company number	03579357


	Registered office	2 Springfield Parade Mews
		London
		N13 5ES


	Business address	2 Springfield Parade Mews
		London
		N13 5ES


	Accountants	BK Plus
		20 Barnton Street
		Stirling
		FK8 1NE




	Bankers	Barclays Bank
		Lower Tottenham Branch
		852/858 High Road
		Tottenham
		London
		N17 0EY

Toxico Limited

Report to the board of directors on the preparation of the

unaudited statutory financial statements of Toxico Limited

Year ended 31 December 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Toxico Limited for the year ended 31 December 2025 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants , we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/ professional-standards/ rules-standards/acca-rulebook.html.

This report is made solely to the board of directors of Toxico Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Toxico Limited and state those matters that we have agreed to state to the board of directors of Toxico Limited as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global /Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Toxico Limited and its board of directors as a body for our work or for this report.

It is your duty to ensure that Toxico Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Toxico Limited. You consider that Toxico Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Toxico Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

BK Plus

20 Barnton Street

Stirling

FK8 1NE

25 September 2026

Toxico Limited

Statement of financial position

31 December 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Tangible assets	5	55,935		46,137
		_______		_______
			55,935		46,137

Current assets
Stocks		57,037		61,403
Debtors	6	51,713		29,867
Cash at bank and in hand		80,117		30,601
		_______		_______
		188,867		121,871
Creditors: amounts falling due
within one year	7	( 88,263)		( 53,310)
		_______		_______
Net current assets			100,604		68,561
			_______		_______
Total assets less current liabilities			156,539		114,698

Creditors: amounts falling due
after more than one year	8		( 17,500)		( 3,000)

Provisions for liabilities			( 10,628)		( 8,766)

			_______		_______
Net assets			128,411		102,932
			_______		_______

Capital and reserves
Called up share capital			128		128
Share premium account			23,008		23,008
Profit and loss account			105,275		79,796
			_______		_______
Shareholder funds			128,411		102,932
			_______		_______

For the year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities:

- The member has 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.

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 income statement has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 25 September 2026 , and are signed on behalf of the board by:

G McGowan

Director

Company registration number: 03579357

Toxico Limited

Notes to the financial statements

Year ended 31 December 2025

1. General information

The company is a private company limited by shares, registered in England. The address of the registered office is Toxico Limited, 2 Springfield Parade Mews, London, N13 5ES.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity, rounded to the nearest £.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Taxation

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 timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.

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:


Short leasehold property	-	over the term of the lease
Plant and machinery	-	5 years straight line
Fittings fixtures and equipment	-	5 years straight line
Computers	-	4 years straight line

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

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 stocks to their present location and condition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

The company has only basic financial instruments. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

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.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 6 (2024: 5 ).

5. Tangible assets

	Short leasehold property	Plant and machinery	Fixtures, fittings and equipment	Computers	Total
	£	£	£	£	£
Cost
At 1 January 2025	7,736	73,084	16,685	4,952	102,457
Additions	-	44,648	191	-	44,839
Disposals	-	( 16,000)	-	-	( 16,000)
	_______	_______	_______	_______	_______
At 31 December 2025	7,736	101,732	16,876	4,952	131,296
	_______	_______	_______	_______	_______
Depreciation
At 1 January 2025	6,188	33,240	14,538	2,354	56,320
Charge for the year	1,548	17,655	1,824	1,214	22,241
Disposals	-	( 3,200)	-	-	( 3,200)
	_______	_______	_______	_______	_______
At 31 December 2025	7,736	47,695	16,362	3,568	75,361
	_______	_______	_______	_______	_______
Carrying amount
At 31 December 2025	-	54,037	514	1,384	55,935
	_______	_______	_______	_______	_______
At 31 December 2024	1,548	39,844	2,147	2,598	46,137
	_______	_______	_______	_______	_______

6. Debtors

	2025	2024
	£	£
Trade debtors	38,163	13,213
Other debtors	13,550	16,654
	_______	_______
	51,713	29,867
	_______	_______

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	3,000	6,000
Trade creditors	44,161	33,036
Corporation tax	6,246	1,097
Social security and other taxes	17,447	9,518
Other creditors	17,409	3,659
	_______	_______
	88,263	53,310
	_______	_______

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	-	3,000
Other creditors	17,500	-
	_______	_______
	17,500	3,000
	_______	_______

9. Operating leases

The company as lessee

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


	£	£

Not later than 1 year	12,000	12,000
	_______	_______

10. Controlling party

The company is controlled by Gerald McGowan.