Company Registration No. 05166591 (England and Wales)
Tufcoat Limited
Unaudited accounts
for the year ended 31 December 2024
Tufcoat Limited
Unaudited accounts
Contents
Tufcoat Limited
Company Information
for the year ended 31 December 2024
Director
Mr Ewan David Lake
Company Number
05166591 (England and Wales)
Registered Office
Tufcoat Ltd
3 Garden Close Langage Business Park, Pl
Plymouth
Devon
PL7 5EU
England
Accountants
Wessex Commercial Solutions Limited
Yeovil Innovation Centre
Barracks Close
Yeovil
BA22 8RN
Tufcoat Limited
Statement of financial position
as at 31 December 2024
Tangible assets
92,120
111,601
Inventories
322,263
242,127
Cash at bank and in hand
426,355
271,632
Creditors: amounts falling due within one year
(399,994)
(278,845)
Net current assets
919,376
761,437
Total assets less current liabilities
1,011,497
873,039
Provisions for liabilities
Deferred tax
(23,030)
(27,900)
Net assets
988,467
845,139
Called up share capital
501
501
Capital redemption reserve
500
500
Profit and loss account
987,466
844,138
Shareholders' funds
988,467
845,139
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 1 September 2025 and were signed on its behalf by
Mr Ewan David Lake
Director
Company Registration No. 05166591
Tufcoat Limited
Notes to the Accounts
for the year ended 31 December 2024
Tufcoat Limited is a private company, limited by shares, registered in England and Wales, registration number 05166591. The registered office is Tufcoat Ltd, 3 Garden Close Langage Business Park, Pl, Plymouth, Devon, PL7 5EU, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
10% Straight Line
Plant & machinery
20% Straight Line
Motor vehicles
25% Straight Line
Fixtures & fittings
20% Straight Line
Other tangible fixed assets
20% Straight Line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Tufcoat Limited
Notes to the Accounts
for the year ended 31 December 2024
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Intangible fixed assets
Other
5
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 January 2024
17,707
21,514
104,793
67,193
211,207
Additions
-
6,744
1,200
-
7,944
At 31 December 2024
17,707
28,258
105,993
67,193
219,151
At 1 January 2024
15,242
20,821
46,993
16,550
99,606
Charge for the year
1,771
1,041
17,693
6,920
27,425
At 31 December 2024
17,013
21,862
64,686
23,470
127,031
At 31 December 2024
694
6,396
41,307
43,723
92,120
At 31 December 2023
2,465
693
57,800
50,643
111,601
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Investments
Subsidiary undertakings
Valuation at 1 January 2024
1
Valuation at 31 December 2024
1
Amounts falling due within one year
Trade debtors
546,647
517,102
Accrued income and prepayments
21,325
7,079
Tufcoat Limited
Notes to the Accounts
for the year ended 31 December 2024
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Creditors: amounts falling due within one year
2024
2023
Trade creditors
207,646
174,700
Taxes and social security
130,632
67,351
Other creditors
31,767
14,421
9
Average number of employees
During the year the average number of employees was 13 (2023: 12).