Company Registration No. 12728655 (England and Wales)
Tuck Shop Ltd
Unaudited accounts
for the year ended 31 March 2025
Tuck Shop Ltd
Company Information
for the year ended 31 March 2025
Directors
Samantha Scott
Jake Costain
Company Number
12728655 (England and Wales)
Registered Office
22 Spencer Road
London
E17 4BD
England
Accountants
Accounts and Legal Consultants Ltd
Suite 1-3, The Hop Exchange
24 Southwark Street
London
SE1 1TY
Tuck Shop Ltd
Accountants' report
Accountants' report to the board of directors of Tuck Shop Ltd on the preparation of the unaudited statutory accounts for the year ended 31 March 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Tuck Shop Ltd for the year ended
31 March 2025 as set out on pages
5 -
9 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Tuck Shop Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Tuck Shop Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Tuck Shop Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Tuck Shop Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Tuck Shop Ltd. You consider that Tuck Shop 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 accounts of Tuck Shop 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 accounts.
Accounts and Legal Consultants Ltd
Suite 1-3, The Hop Exchange
24 Southwark Street
London
SE1 1TY
7 April 2025
Tuck Shop Ltd
Statement of financial position
as at 31 March 2025
Intangible assets
2,415
3,237
Tangible assets
17,818
23,967
Cash at bank and in hand
85,592
64,557
Creditors: amounts falling due within one year
(118,844)
(88,925)
Net current assets
15,211
17,176
Total assets less current liabilities
35,444
44,380
Creditors: amounts falling due after more than one year
(24,658)
(35,288)
Called up share capital
4
4
Share premium
12,998
12,998
Profit and loss account
(2,216)
(3,910)
Shareholders' funds
10,786
9,092
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 7 April 2025 and were signed on its behalf by
Samantha Scott
Director
Company Registration No. 12728655
Tuck Shop Ltd
Notes to the Accounts
for the year ended 31 March 2025
Tuck Shop Ltd is a private company, limited by shares, registered in England and Wales, registration number 12728655. The registered office is 22 Spencer Road, London, E17 4BD, England.
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:
Plant and machinery - 33% straight line/reducing balance
Motor vehicles - 20% straight line/reducing balance
Fixtures and fittings - 20% straight line/reducing balance
Computer equipment - 33% straight line/reducing balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
These financial statements have been prepared on a going concern basis that the directors have confirmed that they will continue to support the company to ensure it will continue to meet it's liabilities as they fall due. 2023 accounting period was the companies second year of trading, during the accounting period, the companies turnover has increased by 93%, showing a really positive sign of growth.
Turnover represents the amounts (excluding value added tax) derived from the provision of goods and services to third party customers during the year. The goods and services are derived from the principal activities of the company.
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.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Tuck Shop Ltd
Notes to the Accounts
for the year ended 31 March 2025
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Short term debtors are measured at transaction price, less any impairment. Loans receivables are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
4
Intangible fixed assets
Other
Tuck Shop Ltd
Notes to the Accounts
for the year ended 31 March 2025
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2024
23,832
22,995
8,803
1,762
57,392
Additions
1,085
-
1,186
1,957
4,228
At 31 March 2025
24,917
22,995
9,989
3,719
61,620
At 1 April 2024
20,712
5,366
5,936
1,411
33,425
Charge for the year
3,181
4,599
1,931
666
10,377
At 31 March 2025
23,893
9,965
7,867
2,077
43,802
At 31 March 2025
1,024
13,030
2,122
1,642
17,818
At 31 March 2024
3,120
17,629
2,867
351
23,967
Finished goods
19,730
20,433
Amounts falling due within one year
Accrued income and prepayments
10,987
8,396
Amounts falling due after more than one year
Other debtors
15,634
10,634
8
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
14,443
-
Obligations under finance leases and hire purchase contracts
4,519
4,519
Trade creditors
27,844
21,900
Taxes and social security
10,962
3,203
Loans from directors
43,361
48,144
Tuck Shop Ltd
Notes to the Accounts
for the year ended 31 March 2025
9
Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
13,653
13,180
10
Average number of employees
During the year the average number of employees was 8 (2024: 8).