IRIS Accounts Production v25.1.4.42 05809234 director 1.1.24 31.12.24 31.12.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh058092342023-12-31058092342024-12-31058092342024-01-012024-12-31058092342022-12-31058092342023-01-012023-12-31058092342023-12-3105809234ns15:EnglandWales2024-01-012024-12-3105809234ns14:PoundSterling2024-01-012024-12-3105809234ns10:Director12024-01-012024-12-3105809234ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3105809234ns10:SmallEntities2024-01-012024-12-3105809234ns10:AuditExempt-NoAccountantsReport2024-01-012024-12-3105809234ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3105809234ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3105809234ns10:FullAccounts2024-01-012024-12-310580923412024-01-012024-12-3105809234ns10:CompanySecretary12024-01-012024-12-3105809234ns10:RegisteredOffice2024-01-012024-12-3105809234ns5:CurrentFinancialInstruments2024-12-3105809234ns5:CurrentFinancialInstruments2023-12-3105809234ns5:ShareCapital2024-12-3105809234ns5:ShareCapital2023-12-3105809234ns5:CapitalRedemptionReserve2024-12-3105809234ns5:CapitalRedemptionReserve2023-12-3105809234ns5:RetainedEarningsAccumulatedLosses2024-12-3105809234ns5:RetainedEarningsAccumulatedLosses2023-12-3105809234ns5:NetGoodwill2024-01-012024-12-3105809234ns5:IntangibleAssetsOtherThanGoodwill2024-01-012024-12-3105809234ns5:NetGoodwill2023-12-3105809234ns5:NetGoodwill2024-12-3105809234ns5:NetGoodwill2023-12-3105809234ns5:LeaseholdImprovements2023-12-3105809234ns5:FurnitureFittings2023-12-3105809234ns5:MotorVehicles2023-12-3105809234ns5:ComputerEquipment2023-12-3105809234ns5:LeaseholdImprovements2024-01-012024-12-3105809234ns5:FurnitureFittings2024-01-012024-12-3105809234ns5:MotorVehicles2024-01-012024-12-3105809234ns5:ComputerEquipment2024-01-012024-12-3105809234ns5:LeaseholdImprovements2024-12-3105809234ns5:FurnitureFittings2024-12-3105809234ns5:MotorVehicles2024-12-3105809234ns5:ComputerEquipment2024-12-3105809234ns5:LeaseholdImprovements2023-12-3105809234ns5:FurnitureFittings2023-12-3105809234ns5:MotorVehicles2023-12-3105809234ns5:ComputerEquipment2023-12-3105809234ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3105809234ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3105809234ns5:WithinOneYear2024-12-3105809234ns5:WithinOneYear2023-12-3105809234ns5:BetweenOneFiveYears2024-12-3105809234ns5:BetweenOneFiveYears2023-12-3105809234ns5:AllPeriods2024-12-3105809234ns5:AllPeriods2023-12-31058092341ns10:Director12023-12-31058092341ns10:Director12022-12-31058092341ns10:Director12024-01-012024-12-31058092341ns10:Director12023-01-012023-12-31058092341ns10:Director12024-12-31058092341ns10:Director12023-12-31
REGISTERED NUMBER: 05809234 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 31 December 2024

for

TCF Corporate Limited

TCF Corporate Limited (Registered number: 05809234)






Contents of the Financial Statements
for the year ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TCF Corporate Limited

Company Information
for the year ended 31 December 2024







DIRECTOR: S Dennis





SECRETARY: Mrs G Vincent





REGISTERED OFFICE: Tarby's Farm
Chelwood Gate Road
Nutley
East Sussex
TN22 3HB





REGISTERED NUMBER: 05809234 (England and Wales)





ACCOUNTANTS: Bennett Brooks & Co Ltd
Chartered Accountants
2 Maple Court
Davenport Street
Macclesfield
Cheshire
SK10 1JE

TCF Corporate Limited (Registered number: 05809234)

Balance Sheet
31 December 2024

2024 2023
Notes £ £
FIXED ASSETS
Intangible assets 4 1,062 1,812
Tangible assets 5 4,742 6,322
5,804 8,134

CURRENT ASSETS
Debtors 6 183,028 198,888
Cash at bank and in hand 3,198 13,300
186,226 212,188
CREDITORS
Amounts falling due within one year 7 (78,865 ) (110,725 )
NET CURRENT ASSETS 107,361 101,463
TOTAL ASSETS LESS CURRENT
LIABILITIES

113,165

109,597

PROVISIONS FOR LIABILITIES (10 ) (10 )
NET ASSETS 113,155 109,587

CAPITAL AND RESERVES
Called up share capital 90 90
Capital redemption reserve 10 10
Retained earnings 113,055 109,487
SHAREHOLDERS' FUNDS 113,155 109,587

TCF Corporate Limited (Registered number: 05809234)

Balance Sheet - continued
31 December 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 August 2025 and were signed by:





S Dennis - Director


TCF Corporate Limited (Registered number: 05809234)

Notes to the Financial Statements
for the year ended 31 December 2024

1. STATUTORY INFORMATION

TCF Corporate 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
The financial statements have been prepared in accordance with United Kingdom Accounting Standards, including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland" ("FRS") and the Companies Act 2006.

The financial statements have been prepared on a going concern basis under the historical cost convention in accordance with the Companies Act 2006. The financial statements are presented in Sterling.

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

Entitlement to income arises on completion of individual reports. Work in progress is not recognised as there is no entitlement to income until a report is complete.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised over the remaining 9 years from date of transition to FRS102 1A as the director believes this to be a reliable estimate of its remaining useful life and this is within the permitted period allowed by the standard.

Intangible assets
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
Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes the original purchase price of the asset and the costs attributable to bringing the asset to its working condition for its intended use.

Depreciation is provided on all tangible assets, at rates calculated to write off the cost less estimated residual value,of each asset on a systematic basis over their estimated useful lives as follows:

Improvement to property-20% on cost
Motor Vehicles-25% on reducing balance basis
Fixtures and fittings-25% on reducing balance basis
Computer equipment-25% on reducing balance basis

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 balance sheet date.

Deferred tax
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.

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.

TCF Corporate Limited (Registered number: 05809234)

Notes to the Financial Statements - continued
for the year ended 31 December 2024

2. ACCOUNTING POLICIES - continued

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.

Tangible assets acquired under finance leases and hire purchase contracts are capitalised and depreciated in the same manner as other tangible fixed assets. The related obligations, net of future finance charges, are included in creditors.

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.

Share capital
Ordinary shares are classed as equity.

Distribution to equity holders
Dividends are recognised as a liability in the financial statements in the period in which the dividends are approved by the company's shareholders. These amounts are recognised in the statement of changes in equity.

Cash and Cash equivalents
Cash and cash equivalents includes cash in hand, cash held with banks and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Short term debtors and creditors
Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1 January 2024
and 31 December 2024 15,002
AMORTISATION
At 1 January 2024 13,190
Charge for year 750
At 31 December 2024 13,940
NET BOOK VALUE
At 31 December 2024 1,062
At 31 December 2023 1,812

TCF Corporate Limited (Registered number: 05809234)

Notes to the Financial Statements - continued
for the year ended 31 December 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Improvements and Motor Computer
to property fittings vehicles equipment Totals
£ £ £ £ £
COST
At 1 January 2024
and 31 December 2024 19,441 28,866 27,785 62,560 138,652
DEPRECIATION
At 1 January 2024 19,441 28,071 25,004 59,814 132,330
Charge for year - 198 695 687 1,580
At 31 December 2024 19,441 28,269 25,699 60,501 133,910
NET BOOK VALUE
At 31 December 2024 - 597 2,086 2,059 4,742
At 31 December 2023 - 795 2,781 2,746 6,322

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 79,261 95,621
Other debtors 103,767 103,267
183,028 198,888

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors 7,912 14,429
Taxation and social security 67,961 92,291
Other creditors 2,992 4,005
78,865 110,725

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£ £
Within one year 42,000 42,000
Between one and five years 84,000 126,000
126,000 168,000

TCF Corporate Limited (Registered number: 05809234)

Notes to the Financial Statements - continued
for the year ended 31 December 2024

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

2024 2023
£ £
S Dennis
Balance outstanding at start of year 60,760 58,960
Amounts advanced 1,931 2,400
Amounts repaid - (600 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 62,691 60,760

The above loan is unsecured and repayable on demand. Interest has been charged at the official rate.