TK Concrete Ltd - Filleted accounts

Registered number

NI623158

TK Concrete Ltd

Unaudited Filleted Accounts

31 March 2025

TK Concrete Ltd
Registered number:		NI623158
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	4		129,148			127,462

Current assets
Stocks		14,808			17,420
Debtors	5	34,254			119,597
Cash at bank and in hand		293,475			345,773
		342,537			482,790

Creditors: amounts falling due within one year	6	(22,843)			(145,522)

Net current assets			319,694			337,268

Total assets less current liabilities			448,842			464,730

Creditors: amounts falling due after more than one year	7		(728)			(3,930)

Provisions for liabilities			(32,287)			(31,865)


Net assets			415,827			428,935

Capital and reserves
Called up share capital			100			100
Profit and loss account			415,727			428,835

Shareholders' funds			415,827			428,935

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.

______________________
Thomas Kelly
Director
Approved by the board on 12 August 2025

TK Concrete Ltd
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 (as applied to small entities by section 1A of the standard).

	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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	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, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	- 20% reducing balance
	Fixtures, fittings, tools and equipment	- 20% reducing balance
	Motor vehicles	- 20% 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. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	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			5		5




3	Intangible fixed assets					£
	Goodwill:

	Cost
	At 1 April 2024					13,278
	At 31 March 2025					13,278

	Amortisation
	At 1 April 2024					13,278
	At 31 March 2025					13,278

	Net book value
	At 31 March 2025					-

	Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.


4	Tangible fixed assets
		Plant and machinery		Motor vehicles		Total
£			£		£
	Cost
	At 1 April 2024	343,920		-		343,920
	Additions	35,761		-		35,761
	Disposals	(21,895)		-		(21,895)
	At 31 March 2025	357,786		-		357,786

	Depreciation
	At 1 April 2024	216,461		(3)		216,458
	Charge for the year	32,287		-		32,287
	On disposals	(20,110)		3		(20,107)
	At 31 March 2025	228,638		-		228,638

	Net book value
	At 31 March 2025	129,148		-		129,148
	At 31 March 2024	127,459		3		127,462


5	Debtors			2025		2024
£					£

	Trade debtors			26,778		119,331
	Other debtors			7,476		266
				34,254		119,597


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

	Bank loans and overdrafts			138		812
	Obligations under finance lease and hire purchase contracts			657		7,880
	Trade creditors			1,796		61,409
	Taxation and social security costs			17,758		72,954
	Other creditors			2,494		2,467
				22,843		145,522


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

	Obligations under finance lease and hire purchase contracts			-		657
	Other creditors			728		3,273
				728		3,930



8	Other information

	TK Concrete Ltd is a private company limited by shares and incorporated in Northern Ireland. Its registered office is:
	88 Moorlough Road
	Artigarvan
	Strabane
	Co. Tyrone
	BT82 0ER