Company registration number 03451602 (England and Wales)
TUCK COMMERCIAL MANAGEMENT LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 OCTOBER 2024
PAGES FOR FILING WITH REGISTRAR
TUCK COMMERCIAL MANAGEMENT LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
TUCK COMMERCIAL MANAGEMENT LIMITED (REGISTERED NUMBER: 03451602)
BALANCE SHEET
AS AT 29 OCTOBER 2024
29 October 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
-
0
7,126
Investment property
4
300,000
300,000
300,000
307,126
Current assets
Debtors
5
1,057
750
Cash at bank and in hand
65,011
66,770
66,068
67,520
Creditors: amounts falling due within one year
6
(36,939)
(39,540)
Net current assets
29,129
27,980
Total assets less current liabilities
329,129
335,106
Creditors: amounts falling due after more than one year
7
(209,463)
(220,126)
Provisions for liabilities
(11,523)
(12,877)
Net assets
108,143
102,103
Capital and reserves
Called up share capital
8
100
100
Non-distributable profits reserve
9
49,125
49,125
Distributable profit and loss reserves
58,918
52,878
Total equity
108,143
102,103
TUCK COMMERCIAL MANAGEMENT LIMITED (REGISTERED NUMBER: 03451602)
BALANCE SHEET (CONTINUED)
AS AT 29 OCTOBER 2024
29 October 2024
- 2 -

For the financial year ended 29 October 2024 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 of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 23 July 2025 and are signed on its behalf by:
Mrs J Tuck
Director
TUCK COMMERCIAL MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 OCTOBER 2024
- 3 -
1
Accounting policies
Company information

Tuck Commercial Management Limited is a private company limited by shares incorporated in England and Wales. The registered office is The Barn, Otham Street, Otham, Kent, ME15 8RP.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

1.2
Going concern

Atruet the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales-related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

 

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

Rental income is recognised when paid and is included in other operating income.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

TUCK COMMERCIAL MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 29 OCTOBER 2024
1
Accounting policies
(Continued)
- 4 -

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
- 25% reducing balance
Computers
- 25% reducing balance
Motor vehicles
- 25% reducing balance
1.5
Investment properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

1.6
Derivatives

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.8
Leases

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

TUCK COMMERCIAL MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 29 OCTOBER 2024
- 5 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
2
4
3
Tangible fixed assets
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
Cost
At 30 October 2023
59,432
4,937
31,414
95,783
Disposals
(59,432)
(4,937)
(31,414)
(95,783)
At 29 October 2024
-
0
-
0
-
0
-
0
Depreciation and impairment
At 30 October 2023
56,359
4,028
28,270
88,657
Eliminated in respect of disposals
(56,359)
(4,028)
(28,270)
(88,657)
At 29 October 2024
-
0
-
0
-
0
-
0
Carrying amount
At 29 October 2024
-
0
-
0
-
0
-
0
At 29 October 2023
3,073
909
3,144
7,126
4
Investment property
2024
£
Fair value
At 30 October 2023 and 29 October 2024
300,000

No independent valuation of the company's investment property has taken place and the above value has been estimated by the directors.

5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
1,057
750
TUCK COMMERCIAL MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 29 OCTOBER 2024
- 6 -
6
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
11,011
11,473
Trade creditors
-
0
2,838
Taxation and social security
7,546
12,545
Other creditors
18,382
12,684
36,939
39,540
7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
7,981
18,169
Other creditors
201,482
201,957
209,463
220,126
8
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
100
100
100
100
9
Non-distributable profits reserve
2024
2023
£
£
At the beginning of the year
49,125
65,325
Non distributable profits in the year
-
(16,200)
At the end of the year
49,125
49,125
TUCK COMMERCIAL MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 29 OCTOBER 2024
- 7 -
10
Financial commitments, guarantees and contingent liabilities

The company has entered into an agreement with one of the company's lenders whereby any liabilities to the lender are secured by way of a fixed charge over the property owned by the company.

 

In addition, during 2020 accounting period the company borrowed £50,000 from its bankers for a Bounce Back Loan. As part of this loan scheme, the UK government guaranteed the advance and paid the interest and fees due for the first 12 months. At the balance sheet date, the outstanding balance on the loan was £18,220 (2023: £27,986). This balance is included within creditors due within one year and over one year on the balance sheet. Interest at 2.50% per annum is payable on this balance.

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