Registration number: 02842169

Radmore & Tucker Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 9

Radmore & Tucker Limited

Company Information

Directors

Mr J E Tucker Mrs A L Tucker

Registered office

Springwell Nursery Old Ide Lane Ide Exeter Devon EX2 9RY

Accountants

Thompson Jenner LLP Chartered Accountants 28 Alexandra Terrace Exmouth Devon EX8 1BD

Radmore & Tucker Limited

(Registration number: 02842169)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	206,663	270,754
Investment property	5	1,200,000	1,200,000
		1,406,663	1,470,754
Current assets
Stocks	6	1,099,211	1,019,892
Debtors	7	140,695	333,211
Cash at bank and in hand		6,617	55,691
		1,246,523	1,408,794
Creditors: Amounts falling due within one year	8	(1,968,103)	(2,065,252)
Net current liabilities		(721,580)	(656,458)
Total assets less current liabilities		685,083	814,296
Creditors: Amounts falling due after more than one year	8	(219,254)	(349,716)
Net assets		465,829	464,580
Capital and reserves
Called up share capital		100	100
Revaluation reserve		400,000	400,000
Retained earnings		65,729	64,480
Shareholders' funds		465,829	464,580

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Radmore & Tucker Limited

(Registration number: 02842169)
Balance Sheet as at 31 December 2024

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 30 September 2025 and signed on its behalf by:
 

......................................... Mrs A L Tucker Director

Radmore & Tucker Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Springwell Nursery
Old Ide Lane
Ide
Exeter
Devon
EX2 9RY

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Radmore & Tucker Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Short leasehold land and buildings	10% straight line basis
Fixtures and fittings	15-25% reducing balance basis
Motor vehicles	15-25% reducing balance basis
Plant and machinery	15-25% straight line basis

Investment property

Investment property is included at fair value. Any surplus or deficit on revaluation is recognised in the profit and loss account. Deferred taxation is provided on gains at the rate expected to apply when the property is sold.

No depreciation is provided in respect of investment properties and they are revalued annually. The surplus or deficit on revaluation is transferred to the revaluation reserve unless a deficit below original cost, or its reversal, on an individual investment property is expected to be permanent, in which case it is recognised in the profit and loss account for the year.

This treatment as regards the company's investment properties may be a departure from the requirements of the Companies Act concerning the depreciation of fixed assets. However, these properties are not held for consumption but for investment and the directors consider that systematic annual depreciation would be inappropriate. The accounting policy adopted is therefore necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount which might otherwise have been shown cannot be separately identified or quantified.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Radmore & Tucker Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Radmore & Tucker Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 21 (2023 - 20).

4	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Motor vehicles  £	Plant and machinery £	Total £
Cost or valuation
At 1 January 2024	200,856	253,482	355,546	19,318	829,202
Additions	-	2,021	-	-	2,021
At 31 December 2024	200,856	255,503	355,546	19,318	831,223
Depreciation
At 1 January 2024	147,296	188,220	206,067	16,865	558,448
Charge for the year	20,085	11,358	33,110	1,559	66,112
At 31 December 2024	167,381	199,578	239,177	18,424	624,560
Carrying amount
At 31 December 2024	33,475	55,925	116,369	894	206,663
At 31 December 2023	53,560	65,262	149,479	2,453	270,754

Included within the net book value of land and buildings above is £53,560 (2023 - £53,561) in respect of short leasehold land and buildings.
 

5	Investment properties

	2024 £
At 1 January	1,200,000
At 31 December	1,200,000

The investment property was valued by the Directors at £1,200,000 as at 31 December 2024.

6

Stocks

	2024 £	2023 £
Work in progress	1,656	1,656
Other stocks	1,097,555	1,018,236
	1,099,211	1,019,892

Radmore & Tucker Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

7

Debtors

	2024 £	2023 £
Trade debtors	103,481	104,541
Other debtors	4,348	88,323
Prepayments and accrued income	32,866	140,347
Total current trade and other debtors	140,695	333,211

8

Creditors

	Note	2024 £	2023 £
Due within one year
Loans and borrowings	9	327,006	291,942
Trade creditors		1,373,442	1,494,992
Amounts owed to group undertakings and undertakings in which the company has a participating interest		57,571	100,091
Taxation and social security		111,674	81,526
Other creditors		35,410	53,701
Accrued expenses		13,000	13,000
Deferred income		50,000	30,000
		1,968,103	2,065,252