1 November 2023 false No description of principal activity Taxfiler 2024.7.1 4536202business:PrivateLimitedCompanyLtd2023-11-012024-10-31 45362022023-10-31 45362022023-11-012024-10-31 4536202business:AuditExemptWithAccountantsReport2023-11-012024-10-31 4536202business:FilletedAccounts2023-11-012024-10-31 45362022024-10-31 4536202business:Director12023-11-012024-10-31 4536202business:Director22023-11-012024-10-31 4536202business:CompanySecretary12023-11-012024-10-31 4536202business:RegisteredOffice2023-11-012024-10-31 45362022023-10-31 4536202core:WithinOneYear2024-10-31 4536202core:WithinOneYear2023-10-31 4536202core:ShareCapitalcore:PreviouslyStatedAmount2024-10-31 4536202core:ShareCapitalcore:PreviouslyStatedAmount2023-10-31 4536202core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-10-31 4536202core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-10-31 4536202core:PreviouslyStatedAmount2024-10-31 4536202core:PreviouslyStatedAmount2023-10-31 4536202business:SmallEntities2023-11-012024-10-31 4536202countries:EnglandWales2023-11-012024-10-31 4536202core:PlantMachinery2023-11-012024-10-31 4536202core:MotorVehicles2023-11-012024-10-31 4536202core:ComputerEquipment2023-11-012024-10-31 4536202core:PlantMachinery2023-10-31 4536202core:MotorVehicles2023-10-31 4536202core:ComputerEquipment2023-10-31 4536202core:PlantMachinery2024-10-31 4536202core:MotorVehicles2024-10-31 4536202core:ComputerEquipment2024-10-31 45362022022-11-012023-10-31 iso4217:GBP xbrli:pure
Company Registration No. 4536202 (England and Wales)
TFG Builders Limited Unaudited accounts for the year ended 31 October 2024
TFG Builders Limited Unaudited accounts Contents
Page
- 2 -
TFG Builders Limited Company Information for the year ended 31 October 2024
Directors
Mrs S D Gray T F Gray
Secretary
Mrs S D Gray
Company Number
4536202 (England and Wales)
Registered Office
Moreton House 31 High Street Buckingham Buckinghamshire MK18 1NU
Accountants
Anthistle Craven Moreton House 31 High Street Buckingham Bucks MK18 1NU
- 3 -
TFG Builders Limited Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,179 
3,894 
Current assets
Inventories
570 
570 
Debtors
233 
221 
Cash at bank and in hand
18,824 
22,928 
19,627 
23,719 
Creditors: amounts falling due within one year
(2,946)
(2,522)
Net current assets
16,681 
21,197 
Total assets less current liabilities
19,860 
25,091 
Provisions for liabilities
Deferred tax
(604)
(740)
Net assets
19,256 
24,351 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
19,255 
24,350 
Shareholders' funds
19,256 
24,351 
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 5 March 2025 and were signed on its behalf by
T F Gray Director Company Registration No. 4536202
- 4 -
TFG Builders Limited Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
TFG Builders Limited is a private company, limited by shares, registered in England and Wales, registration number 4536202. The registered office is Moreton House, 31 High Street, Buckingham, Buckinghamshire, MK18 1NU.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% on reducing balance
Motor vehicles
25% on reducing balance
Computer equipment
25% on reducing balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
- 5 -
TFG Builders Limited Notes to the Accounts for the year ended 31 October 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 November 2023
4,004 
34,840 
4,335 
43,179 
Additions
199 
- 
- 
199 
At 31 October 2024
4,203 
34,840 
4,335 
43,378 
Depreciation
At 1 November 2023
3,115 
32,292 
3,878 
39,285 
Charge for the year
163 
637 
114 
914 
At 31 October 2024
3,278 
32,929 
3,992 
40,199 
Net book value
At 31 October 2024
925 
1,911 
343 
3,179 
At 31 October 2023
889 
2,548 
457 
3,894 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
233 
221 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
1,656 
208 
Loans from directors
- 
1,024 
Accruals
1,290 
1,290 
2,946 
2,522 
7
Controlling party
The company is controlled by its director and sole shareholder Mr T F Gray.
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
- 6 -