REGISTERED NUMBER: 08424810 (England and Wales)

TFLI LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A D Bowers

D H Rodgers

P Jones

REGISTERED OFFICE:

Beechwood Court

Tytherington Business Park

Springwood Way

Macclesfield

SK10 2XG

REGISTERED NUMBER:

08424810 (England and Wales)

ACCOUNTANTS:

Clarke Nicklin LLP

Chartered Accountants

Clarke Nicklin House

Brooks Drive

Cheadle Royal Business Park

Cheadle

Cheshire

SK8 3TD

FIXED ASSETS

Tangible assets

4

283,931

228,359

Investments

5

1

1

283,932

228,360

CURRENT ASSETS

Debtors

6

2,351,733

2,319,131

Cash at bank and in hand

511,195

364,919

2,862,928

2,684,050

CREDITORS

Amounts falling due within one year

7

1,557,277

783,060

NET CURRENT ASSETS

1,305,651

1,900,990

TOTAL ASSETS LESS CURRENT LIABILITIES

1,589,583

2,129,350

CREDITORS

Amounts falling due after more than one year

8

(136,979

)

(184,366

)

PROVISIONS FOR LIABILITIES

(1,402,271

)

(1,904,378

)

NET ASSETS

50,333

40,606

CAPITAL AND RESERVES

Called up share capital

1,517

1,520

Capital redemption reserve

83

80

Retained earnings

48,733

39,006

SHAREHOLDERS' FUNDS

50,333

40,606

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2025 and were signed on its behalf by:

A D Bowers - Director

1.	STATUTORY INFORMATION

TFLI 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.

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.

Going concern

The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The directors have reached this conclusion giving due consideration to the projected future performance of the company and any potential risk that might impact the company's ability to meet its required solvency levels. For this reason, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover represents the value of work done on behalf of customers, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

33% on cost, 25% on cost, 25% on reducing balance and 3% on cost

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 Statement of Income and Retained Earnings, 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 40 (2023 - 49 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

550,690

Additions

177,315

At 31 December 2024

728,005

DEPRECIATION

At 1 January 2024

322,331

Charge for year

121,743

At 31 December 2024

444,074

NET BOOK VALUE

At 31 December 2024

283,931

At 31 December 2023

228,359

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 January 2024

and 31 December 2024

336,212

DEPRECIATION

At 1 January 2024

129,292

Charge for year

51,730

At 31 December 2024

181,022

NET BOOK VALUE

At 31 December 2024

155,190

At 31 December 2023

206,920

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2024

and 31 December 2024

1

NET BOOK VALUE

At 31 December 2024

1

At 31 December 2023

1

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

1,452,289

1,430,574

Amounts owed by group undertakings

316,850

204,245

Other debtors

582,594

684,312

2,351,733

2,319,131

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Hire purchase contracts

47,430

47,514

Trade creditors

1,060,460

124,286

Taxation and social security

422,596

577,174

Other creditors

26,791

34,086

1,557,277

783,060

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Hire purchase contracts

136,979

184,366

9.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Hire purchase contracts

184,409

231,880

Hire purchase contracts are secured on the underlying assets.

10.	RELATED PARTY DISCLOSURES

Balances with related parties are unsecured, interest free and repayable on demand.

11.	ULTIMATE CONTROLLING PARTY

The controlling party is A D Bowers.