Truffle Brothers London Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 11066502 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Truffle Brothers London Limited

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTOR:

Mr T H Bickers

REGISTERED OFFICE:

Britannia Court

5 Moor Street

Worcester

Worcestershire

WR1 3DB

REGISTERED NUMBER:

11066502 (England and Wales)

ACCOUNTANTS:

Chandler and Partners Limited

5 Moor Street

Worcester

Worcestershire

WR1 3DB

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Truffle Brothers London Limited for the year ended 31 December 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Truffle Brothers London Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Truffle Brothers London Limited and state those matters that we have agreed to state to the director of Truffle Brothers London Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Truffle Brothers London Limited and its director for our work or for this report.

It is your duty to ensure that Truffle Brothers London Limited 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 Truffle Brothers London Limited. You consider that Truffle Brothers London Limited 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 Truffle Brothers London Limited. 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.

Chandler and Partners Limited

5 Moor Street

Worcester

Worcestershire

WR1 3DB

Date: .............................................

FIXED ASSETS

Intangible assets

4

68,615

81,222

Tangible assets

5

191,731

171,194

Investments

6

100

260,446

252,516

CURRENT ASSETS

Stocks

37,904

20,546

Debtors

7

1,039,919

550,038

Cash at bank and in hand

219,577

512,271

1,297,400

1,082,855

CREDITORS

Amounts falling due within one year

8

998,975

785,634

NET CURRENT ASSETS

298,425

297,221

TOTAL ASSETS LESS CURRENT
LIABILITIES

558,871

549,737

CREDITORS

Amounts falling due after more than one
year

9

14,667

16,667

NET ASSETS

544,204

533,070

CAPITAL AND RESERVES

Called up share capital

1

Retained earnings

544,203

533,069

544,204

533,070

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 December 2025 and were signed by:

Mr T H Bickers - Director

1.	STATUTORY INFORMATION

Truffle Brothers London Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Short leasehold

-

20% on reducing balance

Plant and machinery

-

20% on reducing balance

Computer equipment

-

20% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 35 (2023 - 35 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

116,374

AMORTISATION

At 1 January 2024

35,152

Charge for year

12,607

At 31 December 2024

47,759

NET BOOK VALUE

At 31 December 2024

68,615

At 31 December 2023

81,222

5.	TANGIBLE FIXED ASSETS

Short

Plant and

Computer

leasehold

machinery

equipment

Totals

£

COST

At 1 January 2024

1,517

244,624

6,833

252,974

Additions

14,320

60,016

238

74,574

Disposals

-

(12,000

)

-

(12,000

)

At 31 December 2024

15,837

292,640

7,071

315,548

DEPRECIATION

At 1 January 2024

25

79,514

2,241

81,780

Charge for year

1,404

43,219

1,014

45,637

Eliminated on disposal

-

(3,600

)

-

(3,600

)

At 31 December 2024

1,429

119,133

3,255

123,817

NET BOOK VALUE

At 31 December 2024

14,408

173,507

3,816

191,731

At 31 December 2023

1,492

165,110

4,592

171,194

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2024

and 31 December 2024

100

NET BOOK VALUE

At 31 December 2024

100

At 31 December 2023

100

7.

DEBTORS

31.12.24

31.12.23

£

Amounts falling due within one year:

Trade debtors

177,135

27,024

Other debtors

862,784

263,014

1,039,919

290,038

Amounts falling due after more than one year:

Other debtors

-

260,000

Aggregate amounts

1,039,919

550,038

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Bank loans and overdrafts

11,950

16,374

Trade creditors

409,241

299,122

Tax

51,698

66,465

Social security and other taxes

-

34,973

VAT

227,132

252,163

Other creditors

278,441

3,327

Directors' current accounts

2,883

87,628

Accrued expenses

17,630

25,582

998,975

785,634

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.12.24

31.12.23

£

Bank loans - 2-5 years

6,667

16,667

Other creditors

8,000

-

14,667

16,667