REGISTERED NUMBER: 09762361 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Tuk in Foods Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

T P Cropper

Ms P S Godley Maynard

P Grigg

P Marshall

REGISTERED OFFICE:

16 Highcliffe Road

Hamilton

Leicester

LE5 1TY

REGISTERED NUMBER:

09762361 (England and Wales)

ACCOUNTANTS:

Hills Accountants Limited

Greenhill House

First Floor East Wing

Thorpe Road

Peterborough

Cambridgeshire

PE3 6RU

FIXED ASSETS

Intangible assets

4

30,515

-

Tangible assets

5

1,636

2,000

Investments

6

1,150,001

1,150,001

1,182,152

1,152,001

CURRENT ASSETS

Debtors

7

1,931,830

768,422

Cash at bank

66,663

53,695

1,998,493

822,117

CREDITORS

Amounts falling due within one year

8

856,844

505,327

NET CURRENT ASSETS

1,141,649

316,790

TOTAL ASSETS LESS CURRENT LIABILITIES

2,323,801

1,468,791

CREDITORS

Amounts falling due after more than one year

9

666,738

83,333

NET ASSETS

1,657,063

1,385,458

CAPITAL AND RESERVES

Called up share capital

12

1,305

1,305

Share premium

13

1,364,975

1,364,975

Retained earnings

13

290,783

19,178

SHAREHOLDERS' FUNDS

1,657,063

1,385,458

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 26 September 2025 and were signed on its behalf by:

T P Cropper - Director

1.	STATUTORY INFORMATION

Tuk in Foods 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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

Revenue arises primarily from the sale of manufactured food products to wholesalers, retailers, and food service customers. Revenue is recognized when the performance obligation is satisfied, which is the point at which control of the goods transfers to the customer.

- For domestic sales, this is generally upon delivery to the customer's premises.

- For export sales, timing depends on the Incoterms specified in the sales contract (e.g., upon shipment or on arrival).

Revenue is measured at the transaction price, being the amount of consideration expected to be received, net of:

- value added tax and other sales-based taxes

- estimated returns and allowances;

- trade promotions, rebates, discounts, and similar arrangements.

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.

Development costs are being amortised evenly over their estimated useful life of five years.

Website development costs is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets

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

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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 6 (2023 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2024

2,000

Additions

38,144

At 31 December 2024

40,144

AMORTISATION

At 1 January 2024

2,000

Charge for year

7,629

At 31 December 2024

9,629

NET BOOK VALUE

At 31 December 2024

30,515

At 31 December 2023

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

2,915

Additions

665

At 31 December 2024

3,580

DEPRECIATION

At 1 January 2024

915

Charge for year

1,029

At 31 December 2024

1,944

NET BOOK VALUE

At 31 December 2024

1,636

At 31 December 2023

2,000

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2024

and 31 December 2024

1,150,001

NET BOOK VALUE

At 31 December 2024

1,150,001

At 31 December 2023

1,150,001

7.

DEBTORS

31.12.24

31.12.23

as restated

£

£

Amounts falling due within one year:

Trade debtors

661,357

322,747

Amounts owed by group undertakings

777,112

244,061

Other debtors

445,558

153,800

1,884,027

720,608

31.12.24

31.12.23

as restated

£

£

Amounts falling due after more than one year:

Trade debtors

47,803

47,814

Aggregate amounts

1,931,830

768,422

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

as restated

£

£

Bank loans and overdrafts

406,912

50,000

Hire purchase contracts (see note 10)

23,578

-

Trade creditors

328,257

238,446

Taxation and social security

77,676

55,108

Other creditors

20,421

161,773

856,844

505,327

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

as restated

£

£

Bank loans

580,285

83,333

Hire purchase contracts (see note 10)

86,453

-

666,738

83,333

10.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

31.12.24

31.12.23

as restated

£

£

Net obligations repayable:

Within one year

23,578

-

Between one and five years

86,453

-

110,031

-

Non-cancellable

operating leases

31.12.24

31.12.23

as restated

£

£

Within one year

320,000

-

Between one and five years

1,280,000

-

In more than five years

1,440,000

-

3,040,000

-

Non-cancellable operating leases represents the leased premises of 160-164 Barkby Road Leicester LE4 9LF.

11.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

as restated

£

£

Debt factoring arrangement

406,912

-

Included in cash at bank is a debit balance of £Nil (2023 £8,377) relating to a debt factoring arrangement, where security has been given by way of a fixed and floating charge over the company's assets.

Included in 'Bank loans and overdrafts' is an amount of £406,912 (2023 £Nil) owing to a debt factoring company which is secured by way of a fixed and floating charge over the company's assets.

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

as restated

£

£

130,502

Ordinary shares

£0.01

1,305

1,305

13.

RESERVES

Retained

Share

earnings

premium

Totals

£

£

£

At 1 January 2024

19,178

1,364,975

1,384,153

Profit for the year

271,605

271,605

At 31 December 2024

290,783

1,364,975

1,655,758

14.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31.12.24

31.12.23

as restated

£

£

T P Cropper

Balance outstanding at start of year

75,678

60,588

Amounts advanced

79,698

15,090

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

155,376

75,678

P Grigg

Balance outstanding at start of year

70,598

68,211

Amounts advanced

-

2,387

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

70,598

70,598

During the year the company made a short term loans to certain directors. Interest at a rate of 3.5% is payable annually on the outstanding balances. The loans are repayable upon demand.

Subsequent to the financial year end, the loan due from Mr T Cropper was repaid in full within 9 months.