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REGISTERED NUMBER: 04816025 (England and Wales)


Tydene Limited

Strategic Report, Report of the Director and

Audited Financial Statements

for the Year Ended 31 March 2025






Tydene Limited (Registered number: 04816025)






Contents of the Financial Statements
for the year ended 31 March 2025




Page

Company Information 1

Strategic Report 2

Report of the Director 5

Report of the Independent Auditors 7

Income Statement 11

Other Comprehensive Income 12

Statement of Financial Position 13

Statement of Changes in Equity 14

Statement of Cash Flows 15

Notes to the Statement of Cash Flows 16

Notes to the Financial Statements 18


Tydene Limited

Company Information
for the year ended 31 March 2025







DIRECTOR: Mr E Tarim



REGISTERED OFFICE: 239-241 Kennington Lane
London
SE11 5QU



REGISTERED NUMBER: 04816025 (England and Wales)



SENIOR STATUTORY
AUDITOR:
Altan Kemal FCA FCCA



AUDITORS: Alton & Co
Chartered Accountants
& Statutory Auditors
239-241 Kennington Lane
London
SE11 5QU

Tydene Limited (Registered number: 04816025)

Strategic Report
for the year ended 31 March 2025

The director presents his strategic report for the year ended 31 March 2025.

The company's performance has been in accordance with the expectations of the directors. The company has shown a high degree of resilience in a competitive industry to achieve targeted results.

REVIEW OF BUSINESS
Turnover for the company has increased significantly compared to last year however because of the relatively low margins in the year the company ended up with a lower net profit compared to that of last year. The director expects an improvement in margins going forward so the increase in sales will begin to impact the profit figures. The director expects the company to remain resilient in the face of competition from other players in the industry. The director is optimistic that strategies put in place to enhance performance will enable the company's performance to continue improving in the coming years. The main threat to the company is its competitors. The company's main strategy is to provide a complete service to customers thereby increasing their customer base and the resulting impact on the overall performance of the company. The company's aim is to focus on specific markets (and customers) to ensure that a clear strategy to win and maintain customers is implemented and sustained.

The director recognises the importance of all of its staff and would like to thank them for all their hard work and efforts throughout the year in helping the company make this sustainable achievement.

The results for the year and the financial position of the company are shown in the annexed financial statements.

PRINCIPAL RISKS AND UNCERTAINTIES
The company's ability to get an insurance cover is key to their ability to acquire inputs on consignment. Most of the purchases are on consignment and the consignors require an insurance cover to be in place to continue supplying on consignment. The level of cover depends on the financial health of the company. This is managed by keeping a close watch on monthly results and dealing with poor performing lines on a timely basis.
Furthermore, the stock levels are generally very low due to the perishable nature of the products. The company, therefore, depends on the reliability of the suppliers to meet their orders at short notice to prevent stock out leading to loss of customers and reputation degradation.To manage this risk for each product, the company maintains more than one supplier to fulfil the required orders to ensure that the failure of one supplier will not affect their ability to meet anticipated demand and maintain customer satisfaction.


Tydene Limited (Registered number: 04816025)

Strategic Report
for the year ended 31 March 2025

KEY PERFORMANCE INDICATORS:
The main performance indicators are the turnover and the profit margins. Generally, products are sold at an agreed margin thereby leading to a positive correlation between the turnover and profit. All other costs apart from cost of sales are fairly fixed. The director monitors all costs on a monthly basis to ensure that poor performers are picked up on time and dealt with accordingly. Also, it is ensured that overheads are kept within their limits as their effect on the ability to remain in operational existence and profitability is critical.

The key performance indicator over the last two years are as follows:

2025 2024
£    £   

Turnover 45,527,269 41,158,566
Gross profit 3,183,518 3,200,762
Net profit before tax 715,582 1,053,892

The director believes that other variables of performance indicators are marginal and not the best indicators of the overall performance, development and position of the company.

FUTURE DEVELOPMENTS
The director expects the growth in sales in the future as the company explores new products and customers.

COMPANY POLICY ON PAYMENT OF CREDITORS
The policy of the company is to agree terms of payment prior to commencing trade with a supplier and to abide by those terms on a timely submission of invoices.

POLICY ON EMPLOYEES
The company is committed to achieving a working environment which provides equality of opportunity and freedom from unlawful discrimination on the basis of gender, sexual orientation, marital or civil partner status, gender reassignment, race, religion or belief, colour, nationality, ethnic or national origin, disability or age, pregnancy or maternity, trade union membership or the fact that they are part-time workers. The company's Equality and Diversity policy aims to remove unfair and discriminatory practices within the company and to encourage full contribution from its diverse community. The company is committed to actively opposing all forms of discrimination. The company also aims to provide a service that does not discriminate against its clients in the means by which they can access the services supplied by the company. The company believes that the director, employees and customers are entitled to be treated with respect and dignity. The company's employment policy is to provide equal opportunity to all current and prospective employees without any discrimination. They endeavour to provide a work environment in which all individuals are treated with respect and dignity.


Tydene Limited (Registered number: 04816025)

Strategic Report
for the year ended 31 March 2025

SOCIAL, ENVIRONMENT AND ETHICAL MATTERS
The company believes that by operating in an ethical and social aware manner they will help preserve the environment; that being an integral part of efficient and profitable business management. The director recognises that success in these areas depends on the involvement and commitment of everyone in the organisation.

ON BEHALF OF THE BOARD:





Mr E Tarim - Director


10 July 2025

Tydene Limited (Registered number: 04816025)

Report of the Director
for the year ended 31 March 2025

The director presents his report with the financial statements of the company for the year ended 31 March 2025.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of wholesale of fruits and vegetables.

DIVIDENDS
An interim dividend of £2.97 per share was paid on 8 April 2024. The director recommends that no final dividend be paid.

The total distribution of dividends for the year ended 31 March 2025 will be £ 297,000 .

DIRECTOR
Mr E Tarim held office during the whole of the period from 1 April 2024 to the date of this report.

POLITICAL DONATIONS AND EXPENDITURE
Donations were non political.

STATEMENT OF DIRECTOR'S RESPONSIBILITIES
The director is responsible for preparing the Strategic Report, the Report of the Director and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the director is aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and he has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

Tydene Limited (Registered number: 04816025)

Report of the Director
for the year ended 31 March 2025


AUDITORS
The auditors, Alton & Co, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:





Mr E Tarim - Director


10 July 2025

Report of the Independent Auditors to the Members of
Tydene Limited

Opinion
We have audited the financial statements of Tydene Limited (the 'company') for the year ended 31 March 2025 which comprise the Income Statement, Other Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity, Statement of Cash Flows and Notes to the Statement of Cash Flows, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 31 March 2025 and of its profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the director with respect to going concern are described in the relevant sections of this report.

Other information
The director is responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Director, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Report of the Independent Auditors to the Members of
Tydene Limited


Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Strategic Report and the Report of the Director for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and the Report of the Director have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Director.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of director's remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of director
As explained more fully in the Statement of Director's Responsibilities set out on page five, the director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the director determines necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the director is responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the director either intends to liquidate the company or to cease operations, or has no realistic alternative but to do so.

Report of the Independent Auditors to the Members of
Tydene Limited


Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We obtained an understanding of the legal and regulatory framework that are applicable to the company and determined that the most significant are the food standards regulation, money laundering and anti bribery regulations. We understand how the company is complying with those regulations by making enquiries of management and key personel; we also reviewed correspondence files. We identified areas of laws and regulations that could reasonably be expected to have a material effect on the financial statements using our general commercial and sector experience, through discussion with the directors and other management (as required by auditing standards) and from inspection of the company's regulatory and legal correspondence. We discussed with the directors and other management the policies and procedures regarding compliance with laws and regulations. We communicated those identified laws and regulations throughout our team and remained alert to any indications of non-compliance throughout the audit.

Auditing standards limit the required audit procedures to identify non-compliance with these laws and regulations to enquiry of the directors and other management and inspection of regulatory and legal correspondence, if any. Through these procedures, we did not become aware of actual or suspected non-compliance.

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, the further removed non-compliance with laws and regulations (irregularities) is from the events and transactions reflected in the financial statements, the less likely the inherently limited procedures required by auditing standards would identify it. In addition, as with any audit, there remained a higher risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Report of the Independent Auditors to the Members of
Tydene Limited


Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Altan Kemal FCA FCCA (Senior Statutory Auditor)
for and on behalf of Alton & Co
Chartered Accountants
& Statutory Auditors
239-241 Kennington Lane
London
SE11 5QU

10 July 2025

Tydene Limited (Registered number: 04816025)

Income Statement
for the year ended 31 March 2025

2025 2024
Notes £    £   

REVENUE 45,527,269 41,158,566

Cost of sales 42,343,751 37,957,804
GROSS PROFIT 3,183,518 3,200,762

Administrative expenses 2,486,309 2,135,673
697,209 1,065,089

Other operating income 19,400 37,661
OPERATING PROFIT 4 716,609 1,102,750


Interest payable and similar expenses 5 1,027 48,858
PROFIT BEFORE TAXATION 715,582 1,053,892

Tax on profit 6 190,129 273,990
PROFIT FOR THE FINANCIAL YEAR 525,453 779,902

Tydene Limited (Registered number: 04816025)

Other Comprehensive Income
for the year ended 31 March 2025

2025 2024
Notes £    £   

PROFIT FOR THE YEAR 525,453 779,902


OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

525,453

779,902

Tydene Limited (Registered number: 04816025)

Statement of Financial Position
31 March 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 8 100,842 159,025
Investment property 9 355,000 355,000
455,842 514,025

CURRENT ASSETS
Inventories 10 405,267 303,115
Debtors 11 6,273,739 6,158,772
Cash at bank and in hand 67,121 107,434
6,746,127 6,569,321
CREDITORS
Amounts falling due within one year 12 2,785,028 2,890,866
NET CURRENT ASSETS 3,961,099 3,678,455
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,416,941

4,192,480

PROVISIONS FOR LIABILITIES 16 30,510 34,502
NET ASSETS 4,386,431 4,157,978

CAPITAL AND RESERVES
Called up share capital 17 100,000 100,000
Fair value reserve 18 109,374 109,374
Retained earnings 18 4,177,057 3,948,604
SHAREHOLDERS' FUNDS 4,386,431 4,157,978

The financial statements were approved by the director and authorised for issue on 10 July 2025 and were signed by:





Mr E Tarim - Director


Tydene Limited (Registered number: 04816025)

Statement of Changes in Equity
for the year ended 31 March 2025

Called up Fair
share Retained value Total
capital earnings reserve equity
£    £    £    £   
Balance at 1 April 2023 100,000 3,668,702 109,374 3,878,076

Changes in equity
Dividends - (500,000 ) - (500,000 )
Total comprehensive income - 779,902 - 779,902
Balance at 31 March 2024 100,000 3,948,604 109,374 4,157,978

Changes in equity
Dividends - (297,000 ) - (297,000 )
Total comprehensive income - 525,453 - 525,453
Balance at 31 March 2025 100,000 4,177,057 109,374 4,386,431

Tydene Limited (Registered number: 04816025)

Statement of Cash Flows
for the year ended 31 March 2025

2025 2024
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 714,000 524,617
Interest paid (1,027 ) (45,395 )
Interest element of hire purchase or finance
lease rental payments paid

-

(3,463

)
Tax paid (343,823 ) (307,532 )
Net cash from operating activities 369,150 168,227

Cash flows from investing activities
Purchase of tangible fixed assets (2,401 ) -
Sale of tangible fixed assets - 15,000
Net cash from investing activities (2,401 ) 15,000

Cash flows from financing activities
Capital repayments in year - (15,520 )
Amount withdrawn by directors (110,059 ) 306,801
Equity dividends paid (297,000 ) (500,000 )
Net cash from financing activities (407,059 ) (208,719 )

Decrease in cash and cash equivalents (40,310 ) (25,492 )
Cash and cash equivalents at beginning of
year

2

107,431

132,923

Cash and cash equivalents at end of year 2 67,121 107,431

Tydene Limited (Registered number: 04816025)

Notes to the Statement of Cash Flows
for the year ended 31 March 2025

1. RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM
OPERATIONS

2025 2024
£    £   
Profit before taxation 715,582 1,053,892
Depreciation charges 60,583 64,660
Profit on disposal of fixed assets - (1,219 )
Finance costs 1,027 48,858
777,192 1,166,191
(Increase)/decrease in inventories (102,151 ) 70,019
Increase in trade and other debtors (69,990 ) (479,242 )
Increase/(decrease) in trade and other creditors 108,949 (232,351 )
Cash generated from operations 714,000 524,617

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Statement of Cash Flows in respect of cash and cash equivalents are in respect of these Statement of Financial Position amounts:

Year ended 31 March 2025
31/3/25 1/4/24
£    £   
Cash and cash equivalents 67,121 107,434
Bank overdrafts - (3 )
67,121 107,431
Year ended 31 March 2024
31/3/24 1/4/23
£    £   
Cash and cash equivalents 107,434 132,923
Bank overdrafts (3 ) -
107,431 132,923


Tydene Limited (Registered number: 04816025)

Notes to the Statement of Cash Flows
for the year ended 31 March 2025

3. ANALYSIS OF CHANGES IN NET FUNDS

At 1/4/24 Cash flow At 31/3/25
£    £    £   
Net cash
Cash at bank and in hand 107,434 (40,313 ) 67,121
Bank overdrafts (3 ) 3 -
107,431 (40,310 ) 67,121
Total 107,431 (40,310 ) 67,121

Tydene Limited (Registered number: 04816025)

Notes to the Financial Statements
for the year ended 31 March 2025

1. STATUTORY INFORMATION

Tydene Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Significant judgements and estimates
Preparation of the financial statements requires management to make significant judgements and estimates. In determining the carrying amounts of certain assets and liabilities, the company makes assumptions of the effects of uncertain future events on those assets and liabilities at the balance sheet date. The company’s estimates and assumptions are based on historical experience and expectation of future events and are reviewed periodically. Further information about key assumptions concerning the future, and other key sources of estimation uncertainty, are set out in the notes.

Fair value measurements are estimates of the amounts for which assets or liabilities could be transferred at the measurement date, based on the assumption that such transfers take place between participants in principal markets and, where applicable, taking highest and best use into account. Where available, fair value measurements are derived from prices quoted in active markets for identical assets or liabilities. In the absence of such information, other observable inputs are used to estimate fair value. Inputs derived from external sources are corroborated or otherwise verified, as appropriate. In the absence of publicly available information, fair value is determined using estimation techniques that take into account market perspectives relevant to the asset or liability, in as far as they can reasonably be ascertained, based on predominantly unobservable inputs.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is generated from the ordinary activities of the business and is recognised when the customer takes delivery of the goods. All turnover are derived from sales in the UK.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - straight line over the life of the lease
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Tydene Limited (Registered number: 04816025)

Notes to the Financial Statements - continued
for the year ended 31 March 2025

2. ACCOUNTING POLICIES - continued

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is determined on a first in first out basis. Net realisable value represents estimated selling price less any additional costs to sell.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Tydene Limited (Registered number: 04816025)

Notes to the Financial Statements - continued
for the year ended 31 March 2025

2. ACCOUNTING POLICIES - continued

Consignment purchases
Goods acquired on consignment are not recognised as the company's purchases until the title of the goods changes to the company. This occurs when the goods are sold.

3. EMPLOYEES AND DIRECTORS
2025 2024
£    £   
Wages and salaries 1,315,094 1,065,794
Social security costs 112,610 93,670
Other pension costs 23,145 17,265
1,450,849 1,176,729

The average number of employees during the year was as follows:
2025 2024

Director 1 1
Accounts and management 12 10
Operations 41 30
54 41

2025 2024
£    £   
Director's remuneration 83,183 85,458

4. OPERATING PROFIT

The operating profit is stated after charging/(crediting):

2025 2024
£    £   
Hire of plant and machinery 53,116 57,136
Other operating leases 285,654 362,067
Depreciation - owned assets 60,584 64,661
Profit on disposal of fixed assets - (1,219 )
Auditors' remuneration 17,500 17,500
Auditors' remuneration for non audit work 18,500 12,500

Tydene Limited (Registered number: 04816025)

Notes to the Financial Statements - continued
for the year ended 31 March 2025

5. INTEREST PAYABLE AND SIMILAR EXPENSES
2025 2024
£    £   
Bank interest 343 1,568
Interest and penalties 684 43,827
Hire purchase - 3,463
1,027 48,858

6. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2025 2024
£    £   
Current tax:
UK corporation tax 194,121 283,039

Deferred tax (3,992 ) (9,049 )
Tax on profit 190,129 273,990

7. DIVIDENDS
2025 2024
£    £   
Ordinary shares of £1 each
Interim 297,000 500,000

Tydene Limited (Registered number: 04816025)

Notes to the Financial Statements - continued
for the year ended 31 March 2025

8. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Short Plant and and Motor
leasehold machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 April 2024 354,108 272,997 50,653 12,749 690,507
Additions - 2,401 - - 2,401
At 31 March 2025 354,108 275,398 50,653 12,749 692,908
DEPRECIATION
At 1 April 2024 284,698 209,742 26,562 10,480 531,482
Charge for year 42,068 13,131 4,818 567 60,584
At 31 March 2025 326,766 222,873 31,380 11,047 592,066
NET BOOK VALUE
At 31 March 2025 27,342 52,525 19,273 1,702 100,842
At 31 March 2024 69,410 63,255 24,091 2,269 159,025

9. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2024
and 31 March 2025 355,000
NET BOOK VALUE
At 31 March 2025 355,000
At 31 March 2024 355,000

Fair value at 31 March 2025 is represented by:
£   
Valuation in 2016 121,675
Cost 233,325
355,000

Tydene Limited (Registered number: 04816025)

Notes to the Financial Statements - continued
for the year ended 31 March 2025

9. INVESTMENT PROPERTY - continued

If Investment property had not been revalued it would have been included at the following historical cost:

2025 2024
£    £   
Cost 233,325 233,325

Investment property was valued on fair value basis on 31 March 2025 by Mr E Tarim, the director .

Investment property is a long leasehold of 125 years with effect from 28 October 2009. The unexpired term of long leasehold is 110 years at the balance sheet date.

10. INVENTORIES
2025 2024
£    £   
Finished goods 403,542 303,115
Payments on account 1,725 -
405,267 303,115

11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 5,944,825 5,941,834
Rent deposit 93,313 93,313
Directors' current accounts 110,000 -
Tax refundable - S455 37,125 102,148
VAT 17,142 16,701
Prepayments 71,334 4,776
6,273,739 6,158,772

Tydene Limited (Registered number: 04816025)

Notes to the Financial Statements - continued
for the year ended 31 March 2025

12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts (see note 13) - 3
Trade creditors 2,556,756 2,453,344
Tax 183,506 398,231
Social security and other taxes 23,057 17,949
Net salaries and wages account - 752
Pensions control account 5,701 4,393
Directors' current accounts - 59
Accrued expenses 16,008 16,135
2,785,028 2,890,866

13. LOANS

An analysis of the maturity of loans is given below:

2025 2024
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts - 3

14. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2025 2024
£    £   
Within one year 32,870 419,173
Between one and five years - 41,659
32,870 460,832

The lease expired on 12 May 2025. The company is assured of the continued use of the premises until the renewal is finalised.

15. SECURED DEBTS

Bank overdraft is secured by the way of a charge over flat 5, 678-682 High Road London N17 0AE on the banks standard form dated 13/07/2011. The outstanding balance at 31 March 2025 was nil (2024 - £3).

16. PROVISIONS FOR LIABILITIES
2025 2024
£    £   
Deferred tax 30,510 34,502

Tydene Limited (Registered number: 04816025)

Notes to the Financial Statements - continued
for the year ended 31 March 2025

16. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 April 2024 34,502
Credit to Income Statement during year (3,992 )
Balance at 31 March 2025 30,510

17. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
100,000 Ordinary £1 100,000 100,000

18. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 April 2024 3,948,604 109,374 4,057,978
Profit for the year 525,453 - 525,453
Dividends (297,000 ) - (297,000 )
At 31 March 2025 4,177,057 109,374 4,286,431

19. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

2025 2024
£    £   
Mr E Tarim
Balance outstanding at start of year - 306,741
Amounts advanced 110,000 -
Amounts repaid - (306,741 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 110,000 -

Tydene Limited (Registered number: 04816025)

Notes to the Financial Statements - continued
for the year ended 31 March 2025

20. RELATED PARTY DISCLOSURES

Director

Limited guarantee given by the director for £100,000 dated 12th May 2004 for the bank overdraft.

Entities with control, joint control or significant influence over the entity
2025 2024
£    £   
Sales 130,021 149,446
Amount due from related party 13,436 27,775

21. ULTIMATE CONTROLLING PARTY

The controlling party is Mr E Tarim.