Registered number
11512823
Tuscan Limited
Unaudited Filleted Accounts
31 August 2024
Tuscan Limited
Registered number: 11512823
Balance Sheet
as at 31 August 2024 Restated
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 809,085 940,444
Current assets
Debtors 4 3,445 4,475
Cash at bank and in hand 1,385 8,916
4,830 13,391
Creditors: amounts falling due within one year 5 (216,052) (301,273)
Net current liabilities (211,222) (287,882)
Total assets less current liabilities 597,863 652,562
Creditors: amounts falling due after more than one year 6 (428,154) (551,046)
Net assets 169,709 101,516
Capital and reserves
Called up share capital 2 2
Profit and loss account 169,707 101,514
Shareholders' funds 169,709 101,516
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Stephen James
Director
Approved by the board on 6 May 2025
Tuscan Limited
Notes to the Accounts
for the year ended 31 August 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets Restated Restated
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 September 2023 926,407 9,461 21,349 957,217
Additions 170,302 1,531 - 171,833
Surplus on revaluation 38,000 - - 38,000
Disposals (334,407) (4,980) - (339,387)
At 31 August 2024 800,302 6,012 21,349 827,663
Depreciation
At 1 September 2023 - 8,233 8,540 16,773
Charge for the year - 562 4,270 4,832
On disposals - (3,027) - (3,027)
At 31 August 2024 - 5,768 12,810 18,578
Net book value
At 31 August 2024 800,302 244 8,539 809,085
At 31 August 2023 926,407 1,228 12,809 940,444
4 Debtors 2024 2023
£ £
Other debtors 3,445 4,475
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 7,854 2,193
Other creditors 208,198 299,080
216,052 301,273
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 428,154 551,046
7 Loans 2024 2023
£ £
Creditors include:
Secured bank loans 428,154 551,046
8 Other information
Tuscan Limited is a private company limited by shares and incorporated in England. Its registered office is:
37 Toddbrook Close
Manchester
M20 1NB
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