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REGISTERED NUMBER: 04021347 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

T C L Ltd

T C L Ltd (Registered number: 04021347)






Contents of the Financial Statements
for the year ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


T C L Ltd

Company Information
for the year ended 31 July 2024







DIRECTORS: Mrs C M Little
T J Little
M W F Little
Mrs K L N May





SECRETARY: T J Little





REGISTERED OFFICE: Unit 6 Cherrytree Farm
Blackmore End Road
Sible Hedingham
HALSTEAD
Essex
CO9 3LZ





REGISTERED NUMBER: 04021347 (England and Wales)





ACCOUNTANTS: Simpson Forbes Accountants
Unit 6,CherryTree Farm
Blackmore End Road
Sible Hedingham
Essex
CO9 3LZ

T C L Ltd (Registered number: 04021347)

Balance Sheet
31 July 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 345,773 246,445

CURRENT ASSETS
Stocks 1,108,871 1,032,442
Debtors 5 1,205,711 1,032,212
Cash at bank and in hand 1,208,970 1,073,957
3,523,552 3,138,611
CREDITORS
Amounts falling due within one year 6 1,964,704 1,829,953
NET CURRENT ASSETS 1,558,848 1,308,658
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,904,621

1,555,103

PROVISIONS FOR LIABILITIES 69,922 60,576
NET ASSETS 1,834,699 1,494,527

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 7 1,833,699 1,493,527
SHAREHOLDERS' FUNDS 1,834,699 1,494,527

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

T C L Ltd (Registered number: 04021347)

Balance Sheet - continued
31 July 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 November 2024 and were signed on its behalf by:





Mrs C M Little - Director


T C L Ltd (Registered number: 04021347)

Notes to the Financial Statements
for the year ended 31 July 2024

1. STATUTORY INFORMATION

T C L 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost, 25% on reducing balance and 18% on cost

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

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

T C L Ltd (Registered number: 04021347)

Notes to the Financial Statements - continued
for the year ended 31 July 2024

2. ACCOUNTING POLICIES - continued

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 60 (2023 - 47 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 August 2023 3,651 1,088,112 1,091,763
Additions - 234,892 234,892
At 31 July 2024 3,651 1,323,004 1,326,655
DEPRECIATION
At 1 August 2023 - 845,318 845,318
Charge for year - 127,444 127,444
Eliminated on disposal - 8,120 8,120
At 31 July 2024 - 980,882 980,882
NET BOOK VALUE
At 31 July 2024 3,651 342,122 345,773
At 31 July 2023 3,651 242,794 246,445

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 August 2023
and 31 July 2024 148,586
DEPRECIATION
At 1 August 2023 100,462
Eliminated on disposal 8,120
At 31 July 2024 108,582
NET BOOK VALUE
At 31 July 2024 40,004
At 31 July 2023 48,124

T C L Ltd (Registered number: 04021347)

Notes to the Financial Statements - continued
for the year ended 31 July 2024

5. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 1,033,209 961,631
Other debtors 124,005 53,451
1,157,214 1,015,082

Amounts falling due after more than one year:
Other debtors 48,497 17,130

Aggregate amounts 1,205,711 1,032,212

Included in debtors is £27,157 of S455 income tax deposit due on the overdrawn director's loan account. This amount is recoverable 9 months after the year end in which the loan is repaid.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts - 1,915
Trade creditors 1,566,068 1,582,116
Taxation and social security 352,936 222,849
Other creditors 45,700 23,073
1,964,704 1,829,953

7. RESERVES
Retained
earnings
£   

At 1 August 2023 1,493,527
Profit for the year 600,172
Dividends (260,000 )
At 31 July 2024 1,833,699

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 July 2024 and 31 July 2023:

2024 2023
£    £   
Mrs K L N May and Mrs C M Little
Balance outstanding at start of year - -
Amounts advanced 80,464 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 80,464 -

T C L Ltd (Registered number: 04021347)

Notes to the Financial Statements - continued
for the year ended 31 July 2024

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £260,000 (2023 - £218,000) were paid to the directors .

Interest of £3,493, was charged to the directors on their overdrawn loan account through the year.