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COMPANY REGISTRATION NUMBER: 06264140
Tucker Trading Limited
Filleted Unaudited Financial Statements
For the year ended
31 December 2024
Tucker Trading Limited
Statement of Financial Position
31 December 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
5
61,567
86,552
Current assets
Debtors
6
15,811
20,879
Cash at bank and in hand
9,896
22,714
--------
--------
25,707
43,593
Creditors: amounts falling due within one year
7
33,540
55,717
--------
--------
Net current liabilities
7,833
12,124
--------
--------
Total assets less current liabilities
53,734
74,428
Creditors: amounts falling due after more than one year
8
40,605
58,695
Provisions
Deferred taxation
5,652
10,123
--------
--------
Net assets
7,477
5,610
--------
--------
Capital and reserves
Called up share capital
2
2
Profit and loss account
7,475
5,608
-------
-------
Shareholder funds
7,477
5,610
-------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Tucker Trading Limited
Statement of Financial Position (continued)
31 December 2024
These financial statements were approved by the board of directors and authorised for issue on 6 June 2025 , and are signed on behalf of the board by:
M Tucker
Director
Company registration number: 06264140
Tucker Trading Limited
Notes to the Financial Statements
Year ended 31 December 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 1 Marina View, Buckden Marina, Buckden, St Neots, Cambridgeshire, PE19 5QS.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for services rendered, stated net of discounts and of value added tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax. Deferred tax is measured at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
25% straight line
Motor vehicles
-
25% straight line
Office equipment
-
25% straight line
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Finance lease and hire purchase payments are apportioned between the finance charges and reduction of the outstanding lease liability using the sum of the digits method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Pension contributions
The company makes contributions to the personal pension scheme of the director. The annual contribution payable is recognised as an expense in the period in which the related service is provided.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
5. Tangible assets
Plant and machinery
Motor vehicles
Office equipment
Total
£
£
£
£
Cost
At 1 January 2024
1,132
104,867
10,373
116,372
Additions
1,708
1,373
3,081
Disposals
( 1,338)
( 1,338)
-------
---------
--------
---------
At 31 December 2024
1,132
106,575
10,408
118,115
-------
---------
--------
---------
Depreciation
At 1 January 2024
1,132
21,257
7,431
29,820
Charge for the year
26,245
1,289
27,534
Disposals
( 806)
( 806)
-------
---------
--------
---------
At 31 December 2024
1,132
47,502
7,914
56,548
-------
---------
--------
---------
Carrying amount
At 31 December 2024
59,073
2,494
61,567
-------
---------
--------
---------
At 31 December 2023
83,610
2,942
86,552
-------
---------
--------
---------
6. Debtors
2024
2023
£
£
Trade debtors
15,678
12,540
Other debtors
133
8,339
--------
--------
15,811
20,879
--------
--------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
5,000
5,000
Trade creditors
741
23,387
Social security and other taxes
13,322
11,091
Other creditors
14,477
16,239
--------
--------
33,540
55,717
--------
--------
Included within other creditors is an amount of £13,089 (2023: £13,499) relating to assets acquired under hire purchase agreements. Hire purchase agreements are secured on the assets concerned.
8. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans
2,083
7,083
Other creditors
38,522
51,612
--------
--------
40,605
58,695
--------
--------
Included within other creditors is an amount of £38,522 (2023: £51,612) relating to assets acquired under hire purchase agreements. Hire purchase agreements are secured on the assets concerned.
9. Deferred tax
The deferred tax included in the statement of financial position is as follows:
2024
2023
£
£
Included in provisions
5,652
10,123
-------
--------
The deferred tax account consists of the tax effect of timing differences in respect of:
2024
2023
£
£
Capital allowances
5,652
10,123
-------
--------