Tutti & Co (N.E) Ltd 31/03/2025 iXBRL

Company registration number: 06115009

Tutti & Co (N.E) Ltd

Unaudited filleted financial statements

31 March 2025

Tutti & Co (N.E) Ltd

Contents

Directors and other information

Accountants report

Statement of financial position

Statement of changes in equity

Notes to the financial statements

Tutti & Co (N.E) Ltd

Directors and other information


	Director	Kate Louise Rose


	Secretary	James David Rose


	Company number	06115009


	Registered office	Harbour House
		112 Little Bedford Street
		North Shields
		Tyne and Wear
		NE29 6NW


	Business address	Harbour House
		112 Little Bedford Street
		North Shields
		Tyne and Wear
		NE29 6NW


	Accountants	Harrison Hutchinson Limited
		246 Park View
		Whitley Bay
		Tyne and Wear
		NE26 3QX

Tutti & Co (N.E) Ltd

Chartered accountants report to the director on the preparation of the

unaudited statutory financial statements of Tutti & Co (N.E) Ltd

Year ended 31st March 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Tutti & Co (N.E) Ltd for the year ended 31st March 2025 which comprise the statement of financial position, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.

This report is made solely to the director of Tutti & Co (N.E) Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Tutti & Co (N.E) Ltd and state those matters that we have agreed to state to them, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Tutti & Co (N.E) Ltd and its director as a body for our work or for this report.

It is your duty to ensure that Tutti & Co (N.E) Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Tutti & Co (N.E) Ltd. You consider that Tutti & Co (N.E) Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Tutti & Co (N.E) Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Harrison Hutchinson Limited

Chartered Accountants

246 Park View

Whitley Bay

Tyne and Wear

NE26 3QX

Tutti & Co (N.E) Ltd

Statement of financial position

31st March 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Intangible assets	5	60,018		50,000
Tangible assets	6	165,813		200,125
		_______		_______
			225,831		250,125

Current assets
Stocks		234,863		190,904
Debtors	7	352,934		296,744
Cash at bank and in hand		137,560		166,017
		_______		_______
		725,357		653,665
Creditors: amounts falling due
within one year	8	( 403,589)		( 347,357)
		_______		_______
Net current assets			321,768		306,308
			_______		_______
Total assets less current liabilities			547,599		556,433

Creditors: amounts falling due
after more than one year	9		( 6,717)		( 16,793)
			_______		_______
Net assets			540,882		539,640
			_______		_______

Capital and reserves
Called up share capital			1		1
Profit and loss account			540,881		539,639
			_______		_______
Shareholder funds			540,882		539,640
			_______		_______

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.

Director's responsibilities:

- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 15 December 2025 , and are signed on behalf of the board by:

Kate Louise Rose

Director

Company registration number: 06115009

Tutti & Co (N.E) Ltd

Statement of changes in equity

Year ended 31st March 2025

	Called up share capital	Profit and loss account	Total
	£	£	£


At 1st April 2023 (as previously reported)	1	446,319	446,320
Prior period adjustments	(-)	(60,780)	(60,780)
	_______	_______	_______
At 1st April 2023 (restated)	1	385,539	385,540

Profit for the year		159,100	159,100
	_______	_______	_______
Total comprehensive income for the year	-	159,100	159,100

Dividends paid and payable		( 5,000)	( 5,000)
	_______	_______	_______
Total investments by and distributions to owners	-	( 5,000)	( 5,000)

	_______	_______	_______
At 31st March 2024 and 1st April 2024	1	539,639	539,640

Profit for the year		58,057	58,057
	_______	_______	_______
Total comprehensive income for the year	-	58,057	58,057

Dividends paid and payable		( 56,815)	( 56,815)
	_______	_______	_______
Total investments by and distributions to owners	-	( 56,815)	( 56,815)

	_______	_______	_______
At 31st March 2025	1	540,881	540,882
	_______	_______	_______

Tutti & Co (N.E) Ltd

Notes to the financial statements

Year ended 31st March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Harbour House, 112 Little Bedford Street, North Shields, Tyne and Wear, NE29 6NW.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at a revalued amount, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:


Goodwill	-	10 %	straight line
Website	-	20 %	reducing balance

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Fittings fixtures and equipment	-	15 %	reducing balance
I.T. equipment	-	20 %	reducing balance

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 12 (2024: 10 ).

5. Intangible assets

	Goodwill	Other intangible assets	Total
	£	£	£
Cost
At 1st April 2024	50,000	31,892	81,892
Additions	-	17,339	17,339
	_______	_______	_______
At 31st March 2025	50,000	49,231	99,231
	_______	_______	_______
Amortisation
At 1st April 2024	-	31,892	31,892
Charge for the year	5,000	2,321	7,321
	_______	_______	_______
At 31st March 2025	5,000	34,213	39,213
	_______	_______	_______
Carrying amount
At 31st March 2025	45,000	15,018	60,018
	_______	_______	_______
At 31st March 2024	50,000	-	50,000
	_______	_______	_______

6. Tangible assets

	Fixtures, fittings and equipment	Tangible assets - user defined	Total
	£	£	£
Cost
At 1st April 2024	146,970	123,978	270,948
Additions	11,395	2,846	14,241
Disposals	-	( 16,942)	( 16,942)
	_______	_______	_______
At 31st March 2025	158,365	109,882	268,247
	_______	_______	_______
Depreciation
At 1st April 2024	40,408	30,415	70,823
Charge for the year	18,693	14,317	33,010
Disposals	-	( 1,399)	( 1,399)
	_______	_______	_______
At 31st March 2025	59,101	43,333	102,434
	_______	_______	_______
Carrying amount
At 31st March 2025	99,264	66,549	165,813
	_______	_______	_______
At 31st March 2024	106,562	93,563	200,125
	_______	_______	_______

7. Debtors

	2025	2024
	£	£
Trade debtors	240,864	221,340
Other debtors	112,070	75,404
	_______	_______
	352,934	296,744
	_______	_______

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	27,485	10,648
Trade creditors	215,063	141,313
Corporation tax	23,307	68
Social security and other taxes	58,561	71,915
Other creditors	79,173	123,413
	_______	_______
	403,589	347,357
	_______	_______

9. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	6,717	16,793
	_______	_______

10. Prior period errors

A prior period adjustment has been entered to account for a debtor in relation to a property that was sold in a prior period.The comparatives have been amended.

11. Directors advances, credits and guarantees

	During the year the director entered into the following advances and credits with the company:

2025
		Balance brought forward	Advances /(credits) to the director	Amounts repaid	Balance o/standing
		£	£	£	£
	Kate Louise Rose	( 2)	35,000	( 12,500)	22,498
		_______	_______	_______	_______

2024
		Balance brought forward	Advances /(credits) to the director	Amounts repaid	Balance o/standing
		£	£	£	£
	Kate Louise Rose	( 644)	5,742	( 5,100)	( 2)
		_______	_______	_______	_______