Company registration number 13259392 (England and Wales)
TUCK CONSTRUCTION MANAGEMENT LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
PAGES FOR FILING WITH REGISTRAR
TUCK CONSTRUCTION MANAGEMENT LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
TUCK CONSTRUCTION MANAGEMENT LIMITED (REGISTERED NUMBER: 13259392)
BALANCE SHEET
AS AT 31 MARCH 2024
31 March 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
1,808
1,407
Current assets
Debtors
4
22,368
30,951
Cash at bank and in hand
7,515
869
29,883
31,820
Creditors: amounts falling due within one year
5
(21,953)
(34,605)
Net current assets/(liabilities)
7,930
(2,785)
Net assets/(liabilities)
9,738
(1,378)
Capital and reserves
Called up share capital
6
5
5
Profit and loss reserves
9,733
(1,383)
Total equity
9,738
(1,378)
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 29 January 2025 and are signed on its behalf by:
Mr A Tuck
Mrs J Tuck
Director
Director
TUCK CONSTRUCTION MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 2 -
1
Accounting policies
Company information
Tuck Construction Management Limited is a private company limited by shares incorporated in England and Wales. The registered office is The Barn, Otham Street, Otham, Maidstone, England, ME15 8RP.
1.1
Accounting convention
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 amounts in these financial statements are rounded to the nearest £1.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Going concern
Atruet the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3
Turnover
Turnover is recognised at the fair value of consideration received or receivable for the services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates. The following criteria also must be met before turnover is recognised.
Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
- The amount of turnover can be measure reliably.
- It is probable that the company will receive the consideration under the contract.
- The stage of completion of the contract at the end of the reporting period can be measure reliably; and
- The costs incurred and the costs to complete the contract can be measure reliably.
1.4
Tangible fixed assets
Tangible fixed assets 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:
Computers
- 25% on reducing balance
TUCK CONSTRUCTION MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 3 -
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.
1.5
Taxation
The tax expense represents the sum of the tax currently payable.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
4
2
3
Tangible fixed assets
Computers
£
Cost
At 1 April 2023
1,600
Additions
841
At 31 March 2024
2,441
Depreciation and impairment
At 1 April 2023
193
Depreciation charged in the year
440
At 31 March 2024
633
Carrying amount
At 31 March 2024
1,808
At 31 March 2023
1,407
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
20,003
30,951
Other debtors
2,365
22,368
30,951
TUCK CONSTRUCTION MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
4
Debtors
(Continued)
- 4 -
Included within other debtors is an amount owed from a connected company under common control of £2,365.
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
2,540
965
Taxation and social security
16,763
31,640
Other creditors
2,650
2,000
21,953
34,605
6
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary A of £1 each
2
2
2
2
Ordinary B of £1 each
3
3
3
3
5
5
5
5