Company Registration No. SC561962 (Scotland)
Tom Morrow Tarpaulins (inverness) Limited
Unaudited accounts
for the year ended 31 March 2025
Tom Morrow Tarpaulins (inverness) Limited
Unaudited accounts
Contents
Tom Morrow Tarpaulins (inverness) Limited
Company Information
for the year ended 31 March 2025
Directors
Gary Cunningham
Marcus Sanctuary
Company Number
SC561962 (Scotland)
Registered Office
Tom Morrow Tarpaulins (Inverness) Ltd
14 Henderson Road
Inverness
Inverness-shire
IV1 1SN
Scotland
Accountants
Kerry Mackinnon
Signature Accounting Solutions Ltd
93 Suilven Way
Inverness
Highland
IV3 8PE
Tom Morrow Tarpaulins (inverness) Limited
Statement of financial position
as at 31 March 2025
Tangible assets
449,073
379,103
Cash at bank and in hand
451,886
242,741
Creditors: amounts falling due within one year
(220,084)
(142,295)
Net current assets
312,704
282,893
Total assets less current liabilities
761,777
661,996
Creditors: amounts falling due after more than one year
(259,742)
(185,350)
Provisions for liabilities
Deferred tax
(9,162)
(9,162)
Net assets
492,873
467,484
Called up share capital
100
100
Profit and loss account
492,773
467,384
Shareholders' funds
492,873
467,484
For the year ending 31 March 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 20 October 2025 and were signed on its behalf by
Gary Cunningham
Director
Company Registration No. SC561962
Tom Morrow Tarpaulins (inverness) Limited
Notes to the Accounts
for the year ended 31 March 2025
Tom Morrow Tarpaulins (inverness) Limited is a private company, limited by shares, registered in Scotland, registration number SC561962. The registered office is Tom Morrow Tarpaulins (Inverness) Ltd, 14 Henderson Road, Inverness, Inverness-shire, IV1 1SN, Scotland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
2% on cost
Plant & machinery
20% on cost
Motor vehicles
25% on cost
Fixtures & fittings
25% on cost
Computer equipment
33% on cost
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Tom Morrow Tarpaulins (inverness) Limited
Notes to the Accounts
for the year ended 31 March 2025
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 April 2024
377,085
142,195
59,163
14,962
9,564
602,969
Additions
-
1,768
109,147
4,083
-
114,998
At 31 March 2025
377,085
143,963
168,310
19,045
9,564
717,967
At 1 April 2024
37,756
110,634
59,163
8,863
7,450
223,866
Charge for the year
7,550
11,554
22,162
3,762
-
45,028
At 31 March 2025
45,306
122,188
81,325
12,625
7,450
268,894
At 31 March 2025
331,779
21,775
86,985
6,420
2,114
449,073
At 31 March 2024
339,329
31,561
-
6,099
2,114
379,103
Amounts falling due within one year
Trade debtors
43,361
160,180
Accrued income and prepayments
17,541
2,092
Tom Morrow Tarpaulins (inverness) Limited
Notes to the Accounts
for the year ended 31 March 2025
7
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
27,121
14,697
Obligations under finance leases and hire purchase contracts
29,494
-
Trade creditors
34,846
44,951
Taxes and social security
79,489
71,783
Loans from directors
(175)
-
8
Creditors: amounts falling due after more than one year
2025
2024
Bank loans
173,350
185,350
Obligations under finance leases and hire purchase contracts
86,392
-
9
Average number of employees
During the year the average number of employees was 0 (2024: 0).