REGISTERED NUMBER: 04376956 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Tuffbau Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Accountants' Report

7

DIRECTORS:

D J Burton

Dr L J Burton

P E Burton

P W C Turner

Dr C H Fentiman

SECRETARY:

Dr L J Burton

REGISTERED OFFICE:

1 Northwick Road

Canvey Island

Essex

SS8 0PU

REGISTERED NUMBER:

04376956 (England and Wales)

ACCOUNTANTS:

Rhodyate Consulting Ltd

Chartered Accountants

Hillside

Rhodyate

Blagdon

Bristol

BS40 7TP

FIXED ASSETS

Intangible assets

4

55,566

62,968

Tangible assets

5

2,585,289

2,578,792

2,640,855

2,641,760

CURRENT ASSETS

Stocks

481,498

391,896

Debtors

6

638,087

525,442

Cash at bank

56,725

47,185

1,176,310

964,523

CREDITORS

Amounts falling due within one year

7

673,427

807,544

NET CURRENT ASSETS

502,883

156,979

TOTAL ASSETS LESS CURRENT LIABILITIES

3,143,738

2,798,739

CREDITORS

Amounts falling due after more than one year

8

(1,433,185

)

(1,160,480

)

PROVISIONS FOR LIABILITIES

(140,435

)

(86,923

)

NET ASSETS

1,570,118

1,551,336

CAPITAL AND RESERVES

Called up share capital

25,000

25,000

Retained earnings

1,545,118

1,526,336

SHAREHOLDERS' FUNDS

1,570,118

1,551,336

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 directors acknowledge their 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 Board of Directors and authorised for issue on 8 September 2025 and were signed on its behalf by:

Dr L J Burton - Director

1.	STATUTORY INFORMATION

Tuffbau 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and value added tax. Revenue from the sale of goods is recognized when the significant risks and rewards of ownership have transferred to the buyer. Revenue from a contract to provide services is recognized in the period in which the services are provided. In all cases, revenue is recognized when its amount can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

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.

Trademarks are being amortised evenly over their estimated useful life of ten years.

Patents are being amortised evenly over their estimated useful life of twenty years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

2% on cost

Plant and machinery etc

-

25% on reducing balance and 15% on reducing balance

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade debtors and creditors, and loans from banks and other third parties.

Financial assets are assessed at the end of each reporting period for objective evidence of impairment. If such evidence is found, an impairment loss is recognized in the income statement. This impairment loss is measured as the difference between an asset's carrying value and the discounted present value of the estimated cash flows expected to derive from the asset.

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.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 30 (2023 - 29 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2024

127,816

Additions

3,525

At 31 December 2024

131,341

AMORTISATION

At 1 January 2024

64,848

Charge for year

10,927

At 31 December 2024

75,775

NET BOOK VALUE

At 31 December 2024

55,566

At 31 December 2023

62,968

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2024

1,827,998

2,223,791

4,051,789

Additions

-

208,725

208,725

Disposals

-

(259,423

)

(259,423

)

At 31 December 2024

1,827,998

2,173,093

4,001,091

DEPRECIATION

At 1 January 2024

113,529

1,359,468

1,472,997

Charge for year

19,137

164,848

183,985

Eliminated on disposal

-

(241,180

)

(241,180

)

At 31 December 2024

132,666

1,283,136

1,415,802

NET BOOK VALUE

At 31 December 2024

1,695,332

889,957

2,585,289

At 31 December 2023

1,714,469

864,323

2,578,792

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

501,995

361,271

Other debtors

136,092

164,171

638,087

525,442

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

44,532

38,844

Hire purchase contracts

28,042

-

Invoice discounting facility

145,010

256,772

Trade creditors

80,602

151,442

Taxation and social security

146,242

155,714

Other creditors

228,999

204,772

673,427

807,544

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

1,370,675

1,160,480

Hire purchase contracts

62,510

-

1,433,185

1,160,480

Amounts falling due in more than five years:

Repayable by instalments

Bank loans

1,207,482

1,011,056

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

£

Bank loans

1,415,207

1,199,324

Hire purchase contracts

90,552

-

1,505,759

1,199,324

The bank loans are secured by a fixed and floating charge over the assets of the company. Hire purchase liabilities are secured against the assets to which the agreements relate.

10.	OTHER FINANCIAL COMMITMENTS

The company had total commitments as at the balance sheet date of £16,500 (2023: £34,500).

11.	RELATED PARTY DISCLOSURES

Included under other creditors are amounts totalling £142,299 (2023: £156,153) which were owed by the company to its directors. These loans were interest-free with no fixed repayment date.

Included under other debtors is the sum of £113,216 (2023: £117,391) representing a loan to a German partnership under the ownership of three of the directors. This loan was interest-free with no fixed repayment date.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Tuffbau Limited for the year ended 31 December 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Tuffbau Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Tuffbau Limited and state those matters that we have agreed to state to the Board of Directors of Tuffbau Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Tuffbau Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Tuffbau Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Tuffbau Limited. You consider that Tuffbau Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Tuffbau Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Rhodyate Consulting Ltd

Chartered Accountants

Hillside

Rhodyate

Blagdon

Bristol

BS40 7TP

16 September 2025