REGISTERED NUMBER: 13906755 (England and Wales)

Financial Statements for the Year Ended 31 December 2024

for

TCUK INTL. LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

L A Cassier

H R Krol

REGISTERED OFFICE:

Unit H President Way

Luton

Bedfordshire

LU2 9NL

REGISTERED NUMBER:

13906755 (England and Wales)

SENIOR STATUTORY AUDITOR:

Emma Fraser FCA

AUDITORS:

Bracey's Accountants (Audit) Limited

Statutory Auditor, Chartered Accountants

Unit 1 The Cam Centre

Wilbury Way

Hitchin

Hertfordshire

SG4 0TW

FIXED ASSETS

Tangible assets

4

533,421

125,557

CURRENT ASSETS

Debtors

5

1,531,566

800,810

Cash at bank

328,996

147,913

1,860,562

948,723

CREDITORS

Amounts falling due within one year

6

1,980,428

931,517

NET CURRENT (LIABILITIES)/ASSETS

(119,866

)

17,206

TOTAL ASSETS LESS CURRENT LIABILITIES

413,555

142,763

CREDITORS

Amounts falling due after more than one year

7

(167,520

)

(17,322

)

PROVISIONS FOR LIABILITIES

(58,652

)

(27,854

)

NET ASSETS

187,383

97,587

CAPITAL AND RESERVES

Called up share capital

10

10,000

10,000

Retained earnings

177,383

87,587

SHAREHOLDERS' FUNDS

187,383

97,587

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:

L A Cassier - Director

1.	GENERAL INFORMATION

TCUK Intl. 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.

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.

The financial statements are prepared in sterling, which is the functional currency of the company. Amounts are rounded to the nearest £.

The following principal accounting policies have been applied:

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Going concern

The company has net current liabilities at the year end of £119,866 (2023: net current assets of £17,206). The parent company, Holding Cassier Sas, have pledged its continued support of the company for at least 12 months from the date of signing these financial statements and it is on this basis that the directors consider it appropriate to prepare the accounts on a going concern basis.

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

- the amount of revenue can be measured reliably;

- it is probable that the Company will receive the consideration due under the contract;

- the stage of completion of the contract at the end of the reporting period can be measured reliably; and

- the costs incurred and the costs to complete the contract can be measured reliably.

Amounts are deferred and accrued where appropriate.

Revenue includes management charge income and recharges of costs from connected companies, calculated on an apportionment basis, for shared services and resources. Amounts are accrued and deferred where necessary.

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery - 33% on cost.

Motor vehicles - 20% to 33% on cost

Computer equipment - 50% on cost

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Significant judgements and estimates

No significant judgements or estimates have had to be made by the Directors in preparing these financial statements.

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:

- The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Foreign currency translation

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non monetary items measured at fair value are measured using the exchange rate when fair value was

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

Operating leases

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

Debtors

Trade debtors are amounts due from customers, including related parties for services performed in the ordinary course of business.

Trade debtors are recognised at the transaction price. A provision for the recoverability 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. The provision is written off to the profit and loss account in the relevant period.

Creditors

Trade creditors are obligations to pay for services that have been acquired in the ordinary course of business from suppliers, including related parties. Accounts payable are classified as current liabilities if the company does not have a unconditional right, at the end of the reporting period, to defer the 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 on-current liabilities. Trade creditors are recognised at the transaction price.

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.

Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.

Increases in provisions are generally charged as an expense to profit or loss.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 12 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

430

-

161,708

517

162,655

Additions

-

2,519

480,250

3,245

486,014

Disposals

-

-

-

(2,441

)

(2,441

)

At 31 December 2024

430

2,519

641,958

1,321

646,228

DEPRECIATION

At 1 January 2024

203

-

36,787

108

37,098

Charge for year

143

348

75,088

580

76,159

Eliminated on disposal

-

-

-

(450

)

(450

)

At 31 December 2024

346

348

111,875

238

112,807

NET BOOK VALUE

At 31 December 2024

84

2,171

530,083

1,083

533,421

At 31 December 2023

227

-

124,921

409

125,557

Included within motor vehicles are assets held on hire purchase with a net book value of £221,130 (2023: £25,662) and depreciation charged of £12,532 (2023: £5,599).

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

1,247,497

709,621

Amounts owed by group undertakings

175,202

12,091

Other debtors

4,138

28,603

Tax

4,500

-

VAT

9,326

-

Accrued income

47,710

16,361

Prepayments

43,193

34,134

1,531,566

800,810

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

196,086

104,639

Amounts owed to group undertakings

188,162

36,056

Social security and other taxes

33,815

88,660

Other creditors

17,938

8,476

Finance & hire purchase leases

36,224

6,298

Amount owed group undertakings

1,441,670

619,494

Directors' loan accounts

85

-

Accruals

66,448

67,894

1,980,428

931,517

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Finance & hire purchase leases

167,520

17,322

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024

2023

£

£

Within one year

-

65,839

9.	SECURED DEBTS

The company has Hire Purchase agreements in place which are secured on the relevant assets held by the company.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

10,000

Ordinary shares of £1 each

1

10,000

10,000

11.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Emma Fraser FCA (Senior Statutory Auditor)

for and on behalf of Bracey's Accountants (Audit) Limited

The audit report was signed on 30 September 2025.

12.	CONTROLLING PARTY

The immediate and ultimate parent company is Holding Cassier SAS, a company incorporated in France at 33 Av Louis Coudant 58340 Cercy-La-Tour. This is the largest and smallest group in which the company's accounts are consolidated.