Tacho Fit Limited - Filleted accounts

Registered number

04142570

Tacho Fit Limited

Filleted Accounts

31 March 2025

Tacho Fit Limited
Registered number:		04142570
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		44,720			102,438

Current assets
Stocks		7,598			12,495
Debtors	4	173,103			204,001
Cash at bank and in hand		60,213			70,342
		240,914			286,838

Creditors: amounts falling due within one year	5	(253,970)			(267,108)

Net current (liabilities)/assets			(13,056)			19,730

Total assets less current liabilities			31,664			122,168

Creditors: amounts falling due after more than one year	6		(6,702)			(107,958)



Net assets			24,962			14,210

Capital and reserves
Called up share capital			100			100
Profit and loss account			24,862			14,110

Shareholders' funds			24,962			14,210

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




M O Scrivens
Director
Approved by the board on 26 August 2025

Tacho Fit Limited
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Computer equipment	33% straight line
	Office equipment and fixtures	20% straight line
	Motor vehicles	25% reducing balance

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			6		4


3	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 April 2024	72,081		69,913		141,994
	Additions	793		-		793
	Disposals	-		(41,318)		(41,318)
	At 31 March 2025	72,874		28,595		101,469

	Depreciation
	At 1 April 2024	32,301		7,255		39,556
	Charge for the year	11,863		15,658		27,521
	On disposals	-		(10,328)		(10,328)
	At 31 March 2025	44,164		12,585		56,749

	Net book value
	At 31 March 2025	28,710		16,010		44,720
	At 31 March 2024	39,780		62,658		102,438


4	Debtors			2025		2024
£					£

	Trade debtors			93,840		65,863
	Other debtors			79,263		138,138
				173,103		204,001


5	Creditors: amounts falling due within one year			2025		2024
£					£

	Bank loans and overdrafts			13,875		13,875
	Obligations under finance lease and hire purchase contracts			12,393		19,846
	Trade creditors			20,348		31,542
	Other taxes and social security costs			95,923		50,659
	Other creditors			111,431		151,186
				253,970		267,108


6	Creditors: amounts falling due after one year			2025		2024
£					£

	Bank loans			2,237		16,315
	Obligations under finance lease and hire purchase contracts			4,465		51,803
	Other creditors			-		39,840
				6,702		107,958

	There is a fixed and floating charge over the assets of the company.

7	Other financial commitments			2025		2024
£					£

	Total future minimum payments under non-cancellable operating leases			112,250		157,150


8	Other information

	Tacho Fit Limited is a private company limited by shares and incorporated in England. Its registered office is:
	6A Little Aston Lane
	Little Aston
	Sutton Coldfield
	B74 3UF