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REGISTERED NUMBER: SC492136 (Scotland)















Unaudited Financial Statements for the Year Ended 30 November 2024

for

TCT Industrial Roofing Ltd

TCT Industrial Roofing Ltd (Registered number: SC492136)






Contents of the Financial Statements
for the Year Ended 30 November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TCT Industrial Roofing Ltd

Company Information
for the Year Ended 30 November 2024







DIRECTOR: T Thomson





REGISTERED OFFICE: 31 Macadam Place
Sout Newmoor Industrial Estate
Irvine
KA11 4HP





REGISTERED NUMBER: SC492136 (Scotland)





ACCOUNTANTS: Dunellan Accountancy Limited
24 Chapel Street
Airdrie
ML6 6LG

TCT Industrial Roofing Ltd (Registered number: SC492136)

Balance Sheet
30 November 2024

30.11.24 30.11.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 30,780 38,584

CURRENT ASSETS
Debtors 5 571,823 1,105,192
Cash at bank 1,187,276 349,372
1,759,099 1,454,564
CREDITORS
Amounts falling due within one year 6 590,935 973,344
NET CURRENT ASSETS 1,168,164 481,220
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,198,944

519,804

CREDITORS
Amounts falling due after more than one
year

7

5,312

13,345
NET ASSETS 1,193,632 506,459

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 1,193,631 506,458
1,193,632 506,459

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

TCT Industrial Roofing Ltd (Registered number: SC492136)

Balance Sheet - continued
30 November 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 director and authorised for issue on 3 April 2025 and were signed by:





T Thomson - Director


TCT Industrial Roofing Ltd (Registered number: SC492136)

Notes to the Financial Statements
for the Year Ended 30 November 2024

1. STATUTORY INFORMATION

TCT Industrial Roofing Ltd is a private company, limited by shares , registered in Scotland. 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.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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.

Pension costs for the year amounted to £5,655 (2023 £nil).

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 4 ) .

TCT Industrial Roofing Ltd (Registered number: SC492136)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 December 2023 3,500 58,279 - 61,779
Additions - - 2,750 2,750
At 30 November 2024 3,500 58,279 2,750 64,529
DEPRECIATION
At 1 December 2023 3,096 20,099 - 23,195
Charge for year 101 9,545 908 10,554
At 30 November 2024 3,197 29,644 908 33,749
NET BOOK VALUE
At 30 November 2024 303 28,635 1,842 30,780
At 30 November 2023 404 38,180 - 38,584

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade debtors 545,083 903,399
Other debtors 3,900 300
Tax 8,586 151,773
VAT - 49,720
Prepayments 14,254 -
571,823 1,105,192

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Bank loans and overdrafts 8,519 8,519
Trade creditors 283,173 709,456
Tax 255,451 133,351
Social security and other taxes 16,259 113,999
VAT 19,658 -
Other creditors 2,592 2,592
Directors' current accounts 533 678
Accrued expenses 4,750 4,749
590,935 973,344

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.24 30.11.23
£    £   
Bank loans - 1-2 years 5,312 8,519
Bank loans - 2-5 years - 4,826
5,312 13,345