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REGISTERED NUMBER: 01904318 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 29 February 2024

for

Tuftdell Limited

Tuftdell Limited (Registered number: 01904318)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Tuftdell Limited

Company Information
for the Year Ended 29 February 2024







DIRECTORS: N A Bristow
S J Bristow





SECRETARY: S J Bristow





REGISTERED OFFICE: 156 High Street
Lincoln
LN5 7AA





REGISTERED NUMBER: 01904318 (England and Wales)





ACCOUNTANTS: Bates Weston LLP
Chartered Accountants
The Mills
Canal Street
Derby
DE1 2RJ

Tuftdell Limited (Registered number: 01904318)

Balance Sheet
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,046 2,195

CURRENT ASSETS
Stocks 78,850 75,106
Debtors 5 22,961 26,739
Cash at bank and in hand 12,387 15,385
114,198 117,230
CREDITORS
Amounts falling due within one year 6 141,446 156,573
NET CURRENT LIABILITIES (27,248 ) (39,343 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(25,202

)

(37,148

)

CREDITORS
Amounts falling due after more than one
year

7

5,581

9,646
NET LIABILITIES (30,783 ) (46,794 )

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings (40,783 ) (56,794 )
SHAREHOLDERS' FUNDS (30,783 ) (46,794 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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.

Tuftdell Limited (Registered number: 01904318)

Balance Sheet - continued
29 February 2024


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 November 2024 and were signed on its behalf by:





N A Bristow - Director


Tuftdell Limited (Registered number: 01904318)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Tuftdell 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.

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.

The company's financial statements should be prepared on a going concern basis on the grounds that current and future sources of funding or support will be more than adequate for the company's needs. The directors considered a period of twelve months from the date of approval of the financial statements and confirm their ongoing support for the company.

Turnover
Turnover represents the net sales of goods, excluding value added tax. Turnover is recognised at point of sale.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - Straight line over 20 years
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for slow moving and obsolete items.

Deferred tax
Deferred tax is recognised in respect of all material timing differences.

A deferred tax asset is recognised only when it is more likely than not that there will be suitable taxable profits from which the future reversal of underlying timing differences and losses can be deducted.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

Tuftdell Limited (Registered number: 01904318)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 March 2023 2,568 56,149 1,141 59,858
Additions - - 350 350
At 29 February 2024 2,568 56,149 1,491 60,208
DEPRECIATION
At 1 March 2023 2,296 54,226 1,141 57,663
Charge for year 128 288 83 499
At 29 February 2024 2,424 54,514 1,224 58,162
NET BOOK VALUE
At 29 February 2024 144 1,635 267 2,046
At 28 February 2023 272 1,923 - 2,195

5. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 1,112 1,481
Other debtors 609 236
Deferred tax asset 3,800 2,750
5,521 4,467

Amounts falling due after more than one year:
Deferred tax asset 17,440 22,272

Aggregate amounts 22,961 26,739

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans 4,065 3,965
Social security and other taxes 2,898 2,250
Other creditors 46,183 62,059
Directors' current accounts 88,300 88,299
141,446 156,573

Tuftdell Limited (Registered number: 01904318)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 4,168 4,065
Bank loans - 2-5 years 1,413 5,581
5,581 9,646