REGISTERED NUMBER: 04763746 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025

FOR

TOUGH BUILDERS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

I J Tough

REGISTERED OFFICE:

Old Crow Cottage

Redbrook

Monmouth

NP25 4LD

REGISTERED NUMBER:

04763746 (England and Wales)

ACCOUNTANTS:

Baker Knoyle Chartered Accountants

Orbit Business Centre

Merthyr Tydfil

CF48 1DL

FIXED ASSETS

Tangible assets

4

108,016

98,216

CURRENT ASSETS

Stocks

6,700

16,450

Debtors

5

6,782

32,172

Cash at bank

65,499

71,449

78,981

120,071

CREDITORS

Amounts falling due within one year

6

31,770

52,821

NET CURRENT ASSETS

47,211

67,250

TOTAL ASSETS LESS CURRENT LIABILITIES

155,227

165,466

CREDITORS

Amounts falling due after more than one year

7

(64,255

)

(62,815

)

PROVISIONS FOR LIABILITIES

(27,004

)

(24,554

)

NET ASSETS

63,968

78,097

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

9

63,868

77,997

SHAREHOLDERS' FUNDS

63,968

78,097

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 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 21 September 2025 and were signed by:

I J Tough - Director

1.	STATUTORY INFORMATION

Tough Builders Ltd 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, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 June 2024

26,252

7,452

107,038

140,742

Additions

26,879

-

70,570

97,449

Disposals

-

-

(65,479

)

(65,479

)

At 31 May 2025

53,131

7,452

112,129

172,712

DEPRECIATION

At 1 June 2024

17,600

4,613

20,313

42,526

Charge for year

8,882

564

26,365

35,811

Eliminated on disposal

-

-

(13,641

)

(13,641

)

At 31 May 2025

26,482

5,177

33,037

64,696

NET BOOK VALUE

At 31 May 2025

26,649

2,275

79,092

108,016

At 31 May 2024

8,652

2,839

86,725

98,216

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

-

9,480

Other debtors

1,211

5,172

Directors' current accounts

5,571

17,520

6,782

32,172

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

6,025

5,949

Hire purchase contracts

5,563

6,047

Trade creditors

13,674

24,447

Tax

-

1,688

Social security and other taxes

704

1,475

VAT

3,578

11,097

Accrued expenses

2,226

2,118

31,770

52,821

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 2-5 years

501

6,602

Hire purchase contracts

63,754

56,213

64,255

62,815

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

1

100

100

9.

RESERVES

Retained

earnings

£

At 1 June 2024

77,997

Profit for the year

4,371

Dividends

(18,500

)

At 31 May 2025

63,868

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2025 and 31 May 2024:

2025

2024

£

£

I J Tough

Balance outstanding at start of year

17,520

(380

)

Amounts advanced

51,651

47,708

Amounts repaid

(63,602

)

(29,808

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

5,569

17,520