T & F Decorators Limited


Directors	Tony Reed
	Francis Tony Williams


Company Secretary	Claire Yvonne Reed


Registered Address	85 Abbotsbury Way
	Ham
	Plymouth
	PL2 2HT


Registered Number	08914034 (England and Wales)

Balance Sheet as at
31 March 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Intangible assets	3		19,800		22,000
Tangible assets	4		1,198		1,609
			20,998		23,609
Current assets
Debtors		25,008		47,257
Cash at bank and on hand		18		18
		25,026		47,275
Creditors amounts falling due within one year	5	(51,051)		(45,031)
Net current assets (liabilities)			(26,025)		2,244
Total assets less current liabilities			(5,027)		25,853
Provisions for liabilities	6		(227)		(306)
Net assets			(5,254)		25,547
Capital and reserves
Called up share capital			31		31
Profit and loss account			(5,285)		25,516
Shareholders' funds			(5,254)		25,547

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 28 October 2025, and are signed on its behalf by:

Tony Reed
Director
Registered Company No. 08914034

T & F Decorators Limited

Notes to the Financial Statements
for the year ended 31 March 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Turnover policy
	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 from the rendering of services.

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Intangible assets
	Intangible fixed assets are carried at cost less accumulated amortisation and impairment losses.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


	Reducing balance (%)	Straight line (years)
Land and buildings	-	20
Vehicles	25	-
Office Equipment	-	4

2.	Average number of employees


		2025		2024
	Average number of employees during the year	4		4

3.	Intangible assets

	Goodwill	Total
	£	£
Cost or valuation
At 01 April 24	44,000	44,000
At 31 March 25	44,000	44,000
Amortisation and impairment
At 01 April 24	22,000	22,000
Charge for year	2,200	2,200
At 31 March 25	24,200	24,200
Net book value
At 31 March 25	19,800	19,800
At 31 March 24	22,000	22,000

4.	Tangible fixed assets

	Vehicles	Office Equipment	Total
	£	£	£
Cost or valuation
At 01 April 24	7,795	2,123	9,918
Additions	-	208	208
At 31 March 25	7,795	2,331	10,126
Depreciation and impairment
At 01 April 24	6,408	1,901	8,309
Charge for year	346	273	619
At 31 March 25	6,754	2,174	8,928
Net book value
At 31 March 25	1,041	157	1,198
At 31 March 24	1,387	222	1,609

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	485	6,576
Bank borrowings and overdrafts	22,690	9,191
Taxation and social security	4,382	7,613
Other creditors	19,995	18,589
Accrued liabilities and deferred income	3,499	3,062
Total	51,051	45,031

6.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	227	306
Total	227	306

7.	Directors advances, credits and guarantees

	Brought forward	Amount advanced	Amount repaid	Carried forward
	£	£	£	£
Francis Tony Williams	14,600	17,420	20,292	11,728
Directors loan account
	14,600	17,420	20,292	11,728

8.	Related party transactions
	At the year end, T Reed, Director, was owed £19,995 from the company (2023 £18,589.)