REGISTERED NUMBER: 08627175 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 October 2025

for

Toulson Carpentry & Joinery Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs K L M Toulson

REGISTERED OFFICE:

12 Reedspire

Commercial Way

Sleaford

Lincolnshire

NG34 8GL

REGISTERED NUMBER:

08627175 (England and Wales)

ACCOUNTANTS:

Wright Vigar Limited

Chartered Accountants & Business Advisers

Northgate House

Northgate

Sleaford

Lincolnshire

NG34 7BZ

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

29,572

35,671

Investments

6

25,300

25,300

Investment property

7

1,335,000

907,377

1,389,872

968,348

CURRENT ASSETS

Debtors

8

344,003

348,941

Cash at bank

168,235

69,753

512,238

418,694

CREDITORS

Amounts falling due within one year

9

468,485

529,558

NET CURRENT ASSETS/(LIABILITIES)

43,753

(110,864

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,433,625

857,484

CREDITORS

Amounts falling due after more than one year

10

(250,896

)

(8,527

)

PROVISIONS FOR LIABILITIES

(7,302

)

(8,816

)

NET ASSETS

1,175,427

840,141

CAPITAL AND RESERVES

Called up share capital

11

1,000

1,000

Fair value reserve

12

952,623

525,000

Retained earnings

221,804

314,141

SHAREHOLDERS' FUNDS

1,175,427

840,141

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director and authorised for issue on 28 October 2026 and were signed by:

Mrs K L M Toulson - Director

1.	STATUTORY INFORMATION

Toulson Carpentry & Joinery Ltd 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.

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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% straight line and 20% on reducing balance

Motor vehicles

-

25% straight line, 25% on reducing balance and 20% on cost

Computer equipment

-

33% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

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.

Deferred tax

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2024 - 34 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 November 2024

and 31 October 2025

10,000

AMORTISATION

At 1 November 2024

and 31 October 2025

10,000

NET BOOK VALUE

At 31 October 2025

-

At 31 October 2024

-

Goodwill relates to the purchase of building contracts from a company which in no longer solvent. The cost of this goodwill is being amortised over its life of 2 years.

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 November 2024

58,233

58,337

1,805

118,375

Additions

-

6,075

1,923

7,998

At 31 October 2025

58,233

64,412

3,728

126,373

DEPRECIATION

At 1 November 2024

45,713

35,491

1,500

82,704

Charge for year

6,072

7,229

796

14,097

At 31 October 2025

51,785

42,720

2,296

96,801

NET BOOK VALUE

At 31 October 2025

6,448

21,692

1,432

29,572

At 31 October 2024

12,520

22,846

305

35,671

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 November 2024

and 31 October 2025

25,300

NET BOOK VALUE

At 31 October 2025

25,300

At 31 October 2024

25,300

7.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 November 2024

907,377

Revaluations

427,623

At 31 October 2025

1,335,000

NET BOOK VALUE

At 31 October 2025

1,335,000

At 31 October 2024

907,377

Fair value at 31 October 2025 is represented by:

£

Valuation in 2022

200,000

Valuation in 2024

325,000

Valuation in 2025

427,623

Cost

382,377

1,335,000

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

32,739

19,421

Amounts owed by group undertakings

25,922

137,975

Other debtors

285,342

191,545

344,003

348,941

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

36,195

9,308

Hire purchase contracts

2,620

4,241

Trade creditors

29,841

194,653

Amounts owed to group undertakings

252,045

-

Taxation and social security

79,861

316,689

Other creditors

67,923

4,667

468,485

529,558

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

249,124

-

Hire purchase contracts

1,772

8,527

250,896

8,527

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

1,000

Ordinary

£1

1,000

1,000

12.

RESERVES

Fair

value

reserve

£

At 1 November 2024

525,000

No description

427,623

At 31 October 2025

952,623

13.	RELATED PARTY DISCLOSURES

Included within 'Amounts owed to group undertakings' is an amount owed from KF Developments Ltd of £25,873 (2024: £25,873) a company in which Toulson Carpentry & Joinery own 50% of the share capital, and Mrs K Toulson is a director. This balance represents a loan made to KF Developments Ltd repayable on demand.

A balance of £252,045 [2024: (£112,053 owed by Midland County Construction)] is owed to Midland County Construction a company in which Mrs K Toulson is also a shareholder.

14.	ULTIMATE CONTROLLING PARTY

The controlling party is Mrs K L M Toulson.