TBCO Retail Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: SC358594

		31 January 2025		31 January 2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		17,983		-
Tangible Assets	5		300,017		332,191

			318,000		332,191
CURRENT ASSETS
Stocks		678,615		913,056
Debtors	6	1,519,348		1,713,953
Cash at bank and in hand		(365,156 )		441,569

		1,832,807		3,068,578
Creditors: Amounts Falling Due Within One Year	7	(584,440 )		(1,261,092 )

NET CURRENT ASSETS (LIABILITIES)			1,248,367		1,807,486

TOTAL ASSETS LESS CURRENT LIABILITIES			1,566,367		2,139,677

Creditors: Amounts Falling Due After More Than One Year	8		(3,982 )		(1,550 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(13,200 )		(13,200 )

NET ASSETS			1,549,185		2,124,927

CAPITAL AND RESERVES
Called up share capital			1,000		1,000
Profit and Loss Account			1,548,185		2,123,927

SHAREHOLDERS' FUNDS			1,549,185		2,124,927

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TBCO Retail Ltd

Balance Sheet (continued)

As At 31 January 2025

For the year ending 31 January 2025 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 directors acknowledge their 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Fergus Macdonald

Director

28 October 2025

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

TBCO Retail Ltd is a private company, limited by shares, incorporated in Scotland, the registered number is SC358594 . The registered office is 170b Great Junction Street, Edinburgh, Scotland, EH6 5LJ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and is recognised at the point that the customer takes delivery of the goods.

2.3. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are Domain. It is amortised to the profit and loss account over its estimated economic life of 10 years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Building	2% on cost
Plant and machinery	20% reducing balance method
Fixtures and fittings	10% on cost
Computer equipment	33% on cost

2.5. Leasing and Hire Purchase Contracts

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets.

Assets acquired under hire purchase contracts are depreciated over their useful lives.

Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company.

Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.

2.6. Stocks and Work in Progress

Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell.

2.7. Financial Instruments

Debtors and creditors which are due within one year are recorded at transaction price, less any impairment.

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TBCO Retail Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

2.8. Foreign Currencies

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 rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.9. Taxation

The taxation expense represents the sum of the tax currently payable and deferred tax. Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Deferred tax is only adjusted if the change in the timing difference is material.

2.10. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

3. Average Number of Employees

	31 January 2025	31 January 2024
Average number of employees, including directors, during the year	50	50

	50	50

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TBCO Retail Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

4. Intangible Assets

	Other
	£
Cost
As at 1 February 2024	-
Additions	18,134

As at 31 January 2025	18,134

Amortisation
As at 1 February 2024	-
Provided during the period	151

As at 31 January 2025	151

Net Book Value
As at 31 January 2025	17,983

As at 1 February 2024	-

5. Tangible Assets

	Land & Property
	Building	Plant and machinery	Fixtures and fittings	Computer equipment	Total
	£	£	£	£	£
Cost
As at 1 February 2024	325,493	86,677	38,161	124,354	574,685

As at 31 January 2025	325,493	86,677	38,161	124,354	574,685

Depreciation
As at 1 February 2024	59,132	64,245	26,924	92,193	242,494
Provided during the period	6,510	4,487	2,729	18,448	32,174

As at 31 January 2025	65,642	68,732	29,653	110,641	274,668

Net Book Value
As at 31 January 2025	259,851	17,945	8,508	13,713	300,017

As at 1 February 2024	266,361	22,432	11,237	32,161	332,191

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TBCO Retail Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

6. Debtors

	31 January 2025	31 January 2024
	£	£
Due within one year
Trade debtors	63,225	71,648
Other debtors	153,441	217,886

	216,666	289,534
Due after more than one year
Amounts owed by group undertakings	1,302,682	1,424,419

	1,519,348	1,713,953

7. Creditors: Amounts Falling Due Within One Year

	31 January 2025	31 January 2024
	£	£
Trade creditors	119,425	356,584
Bank loans and overdrafts	-	424,012
Amounts owed to group undertakings	1,200	-
Other creditors	150,425	168,671
Taxation and social security	313,390	311,825

	584,440	1,261,092

8. Creditors: Amounts Falling Due After More Than One Year

	31 January 2025	31 January 2024
	£	£
Other creditors	3,982	1,550

9. Related Party Transactions

Amount owed by the parent company at the year end was £1,302,682 (2024 : £1,424,419).

The amount due to a group undertaking at the year end was £1,200 (2024 : Nil).

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