Company Registration No. SC505599 (Scotland)
TILLY TRADING LTD
Unaudited accounts
for the period from 1 June 2024 to 30 April 2025
TILLY TRADING LTD
Unaudited accounts
Contents
TILLY TRADING LTD
Company Information
for the period from 1 June 2024 to 30 April 2025
Company Number
SC505599 (Scotland)
Registered Office
62 Bridge Street
Dollar
Clackmannanshire
FK14 7DG
Scotland
Accountants
Bridge of Allan Enterprise Ltd
"The Summerhouse"
29A Kenilworth Road, Bridge of Allan
Stirling
FK9 4EH
TILLY TRADING LTD
Statement of financial position
as at 30 April 2025
Intangible assets
93,400
105,075
Tangible assets
44,482
38,745
Cash at bank and in hand
12,004
24,450
Creditors: amounts falling due within one year
(35,275)
(73,890)
Net current assets
8,999
20,053
Total assets less current liabilities
146,881
163,873
Creditors: amounts falling due after more than one year
(139,886)
(144,396)
Provisions for liabilities
Deferred tax
(2,579)
(7,361)
Called up share capital
1
1
Profit and loss account
4,415
12,115
Shareholders' funds
4,416
12,116
For the period ending 30 April 2025 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 director acknowledges her 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 and authorised for issue on 25 June 2025 and were signed on its behalf by
Ms J Taylor
Director
Company Registration No. SC505599
TILLY TRADING LTD
Notes to the Accounts
for the period from 1 June 2024 to 30 April 2025
TILLY TRADING LTD is a private company, limited by shares, registered in Scotland, registration number SC505599. The registered office is 62 Bridge Street , Dollar, Clackmannanshire, FK14 7DG, Scotland.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable in relation to sales of delicatessen goods, excluding discounts, rebates, value added tax and other sales taxes.
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of seventeen years
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
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:
Land & buildings
Straight line over 16 & 13 years
Plant & machinery
20% per annum on cost
Fixtures & fittings
20% per annum on cost
Computer equipment
33% per annum on cost
Stocks have been valued at the lower of cost and estimated selling price less costs to complete and sell.
TILLY TRADING LTD
Notes to the Accounts
for the period from 1 June 2024 to 30 April 2025
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 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.
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 & Leasing Commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.
4
Intangible fixed assets
Goodwill
Charge for the period
11,675
TILLY TRADING LTD
Notes to the Accounts
for the period from 1 June 2024 to 30 April 2025
5
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 June 2024
23,555
10,883
34,887
17,496
86,821
Additions
-
-
18,526
-
18,526
At 30 April 2025
23,555
10,883
53,413
17,496
105,347
At 1 June 2024
9,534
10,883
17,444
10,215
48,076
Charge for the period
1,639
-
8,722
2,428
12,789
At 30 April 2025
11,173
10,883
26,166
12,643
60,865
At 30 April 2025
12,382
-
27,247
4,853
44,482
At 31 May 2024
14,021
-
17,443
7,281
38,745
Amounts falling due within one year
Accrued income and prepayments
7,270
11,908
7
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
9,405
7,500
Obligations under finance leases and hire purchase contracts
6,829
-
Trade creditors
11,094
15,214
Taxes and social security
1,671
10,162
Loans from directors
385
32,331
The Bank of Scotland loan is secured by a floating charge over the assets of the business.
8
Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
11,172
-
Other creditors
124,574
132,574
TILLY TRADING LTD
Notes to the Accounts
for the period from 1 June 2024 to 30 April 2025
9
Transactions with related parties
"Other debtors " has a balance of £0.00 (2024: £27800) The reduction reflects the writing off of the loan due by EV Go Green Electrical Limited a company whose issued share capital is wholly owned by the director, following the liquidation of EV Go Green.
Included in "Other creditors" is a balance of £385 (2024: £ 32331) due to the director. This loan is interest free and no fixed terms of repayment have been agreed.
Included in "Other creditors falling due after more than one year" is a balance of £124,574 (2024: £132,574) .This loan is interest free and as there are no fixed terms of repayment it is anticipated that this will not be repaid until after more than one year and therefore the director regards this element of her loan account to be long term in nature. During 2025 £8000 was transferred to the short term element of the directors Loan.
10
Average number of employees
During the period the average number of employees was 11 (2024: 11).