REGISTERED NUMBER: 11893367 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

TCNR LIMITED

TRADING AS

SWIFT HEATING SOLUTIONS

Page

Balance sheet

1

Notes to the financial statements

3

Fixed assets

Tangible assets

4

91,813

28,293

Current assets

Stocks

42,235

-

Debtors

5

241,731

340,073

Cash at bank

144,284

148,512

428,250

488,585

Creditors

Amounts falling due within one year

6

279,654

391,622

Net current assets

148,596

96,963

Total assets less current liabilities

240,409

125,256

Creditors

Amounts falling due after more than one year

7

(84,748

)

(25,774

)

Provisions for liabilities

10

(22,953

)

(7,073

)

Net assets

132,708

92,409

Capital and reserves

Called up share capital

11

4

4

Retained earnings

132,704

92,405

Shareholders' funds

132,708

92,409

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 comprehensive income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 October 2025 and were signed on its behalf by:

Mr T C N Roberts - Director

1.	Statutory information

TCNR Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 11893367. The registered office address is 7&8 Church Street, Wimborne, Dorset, BH21 1JH and the business address is Unit 7, Pottery Business Park, 69-71 Ringwood Road, Poole, Dorset, BH14 0RG.

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

Turnover represents income receivable from plumbing and heating services, net of VAT and trade discounts. Turnover is recognised when the service has been provided to the customer.

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.

Improvements to property

-

25% on cost

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

20% on reducing balance

Stocks

Stock and Work In Progress are valued at the lower of cost and net realisable value.

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 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.

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.

Financial instruments

Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

3.	Employees and directors

The average number of employees during the year was 6 (2024 - 5 ) .

4.	Tangible fixed assets

Improvements

Fixtures

to

and

Motor

Computer

property

fittings

vehicles

equipment

Totals

£

£

£

£

£

Cost

At 1 April 2024

-

7,346

25,554

5,718

38,618

Additions

3,629

1,390

81,129

550

86,698

At 31 March 2025

3,629

8,736

106,683

6,268

125,316

Depreciation

At 1 April 2024

-

4,070

5,111

1,144

10,325

Charge for year

907

933

20,314

1,024

23,178

At 31 March 2025

907

5,003

25,425

2,168

33,503

Net book value

At 31 March 2025

2,722

3,733

81,258

4,100

91,813

At 31 March 2024

-

3,276

20,443

4,574

28,293

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

Motor

vehicles

£

Cost

At 1 April 2024

25,554

Additions

81,129

At 31 March 2025

106,683

Depreciation

At 1 April 2024

5,111

Charge for year

20,314

At 31 March 2025

25,425

Net book value

At 31 March 2025

81,258

At 31 March 2024

20,443

5.

Debtors: amounts falling due within one year

2025

2024

£

£

Trade debtors

208,324

312,498

Other debtors

14,400

1,560

VAT

15,528

23,876

Prepayments

3,479

2,139

241,731

340,073

6.

Creditors: amounts falling due within one year

2025

2024

£

£

Bank loans and overdrafts

4,993

4,993

Hire purchase contracts (see note 8)

10,756

4,249

Trade creditors

93,978

54,941

Tax

8,439

29,581

Social security and other taxes

219

117

Other creditors

110,249

73,480

Directors' current accounts

47,270

14,746

Accruals and deferred income

3,750

209,515

279,654

391,622

7.

Creditors: amounts falling due after more than one year

2025

2024

£

£

Bank loans - 1-2 years

3,329

4,993

Bank loans - 2-5 years

-

3,329

Hire purchase contracts (see note 8)

81,419

17,452

84,748

25,774

8.	Leasing agreements

Minimum lease payments fall due as follows:

Hire purchase

contracts

2025

2024

£

£

Net obligations repayable:

Within one year

10,756

4,249

Between one and five years

81,419

17,452

92,175

21,701

Non-cancellable

operating leases

2025

2024

£

£

Within one year

16,000

-

Between one and five years

39,333

-

55,333

-

9.	Secured debts

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

92,175

21,701

Amounts owed under hire purchase contracts are secured against the asset to which they relate.

10.	Provisions for liabilities

2025

2024

£

£

Deferred tax

22,953

7,073

Deferred

tax

£

Balance at 1 April 2024

7,073

Charge to Income statement during year

15,880

Balance at 31 March 2025

22,953

11.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

2

Ordinary

£1

2

2

2

"A" Ordinary

£1

2

2

4

4

12.	Ultimate controlling party

The company is controlled by the director, Mr T C N Roberts, by virtue of his 100% ownership of the issued voting share capital.