TCL Developments Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 04472433

TCL DEVELOPMENTS LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 June 2025

TCL DEVELOPMENTS LIMITED

STATEMENT OF FINANCIAL POSITION

30 June 2025

	2025		2024
Note	£	£	£

FIXED ASSETS

Tangible assets	5	57,258	48,489
Investments	6	512,738	512,738
		-----------	-----------
		569,996	561,227

CURRENT ASSETS

Stocks		47,776	26,667
Debtors	7	5,015	4,599
Cash at bank and in hand		145,002	221,408
		-----------	-----------
		197,793	252,674

CREDITORS: amounts falling due within one year	8	90,401		94,266
		-----------		-----------
NET CURRENT ASSETS			107,392	158,408
			-----------	-----------
TOTAL ASSETS LESS CURRENT LIABILITIES			677,388	719,635

CREDITORS: amounts falling due after more than one year	9		7,992	13,480

PROVISIONS

Taxation including deferred tax	14,315	12,122
	-----------	-----------
NET ASSETS	655,081	694,033
	-----------	-----------

TCL DEVELOPMENTS LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

30 June 2025

	2025		2024
Note	£	£	£

CAPITAL AND RESERVES

Called up share capital	100	100
Profit and loss account	654,981	693,933
	-----------	-----------
SHAREHOLDERS FUNDS	655,081	694,033
	-----------	-----------

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 income and retained earnings has not been delivered.

For the year ending 30th June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

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

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

These financial statements were approved by the board of directors and authorised for issue on 15 January 2026 , and are signed on behalf of the board by:

Mr T Lowe

Director

Company registration number: 04472433

TCL DEVELOPMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30th JUNE 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 Stonesby House, Stanmore Drive Haverbreaks, Lancaster, LA1 5BL, United Kingdom.

2. STATEMENT OF COMPLIANCE

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

Revenue recognition

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.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, 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.

Tangible assets

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, 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 equity in respect of that asset. Where a a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity 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:

Plant and machinery	-	15% reducing balance
Motor vehicles	-	20% reducing balance
Computer equipment	-	33% reducing balance

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Impairment of fixed assets

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. For the purposes of impairment testing, 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 largely independent of the cash inflows from other assets or groups of assets.

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 stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the year amounted to 4 (2024: 5 ).

5. TANGIBLE ASSETS

Plant and machinery	Motor vehicles	Equipment	Total
£	£	£	£

Cost
At 1st July 2024	6,344	102,433	2,342	111,119
Additions	19,840	–	133	19,973
	---------	-----------	--------	-----------
At 30th June 2025	26,184	102,433	2,475	131,092
	---------	-----------	--------	-----------
Depreciation
At 1st July 2024	5,415	55,040	2,175	62,630
Charge for the year	1,627	9,478	99	11,204
	---------	-----------	--------	-----------
At 30th June 2025	7,042	64,518	2,274	73,834
	---------	-----------	--------	-----------
Carrying amount
At 30th June 2025	19,142	37,915	201	57,258
	---------	-----------	--------	-----------
At 30th June 2024	929	47,393	167	48,489
	---------	-----------	--------	-----------

6. INVESTMENTS

	Other investments other than loans
	£

Cost
At 1st July 2024 and 30th June 2025	512,738
	-----------
Impairment
At 1st July 2024 and 30th June 2025	–
	-----------

Carrying amount
At 30th June 2025	512,738
	-----------
At 30th June 2024	512,738
	-----------

7. DEBTORS

	2025	2024
	£	£

Trade debtors	3,840	–
Other debtors	1,175	4,599
	--------	--------
	5,015	4,599
	--------	--------

8. CREDITORS: amounts falling due within one year

	2025	2024
	£	£

Bank loans and overdrafts	7,482	–
Trade creditors	35,607	15,250
Corporation tax	16,341	41,793
Social security and other taxes	8,683	18,568
Other creditors	22,288	18,655
	---------	---------
	90,401	94,266
	---------	---------

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

	2025	2024
	£	£

Other creditors	7,992	13,480
	--------	---------

10. RELATED PARTY TRANSACTIONS

The company was under the control of Mr and Mrs Lowe throughout the current and previous period. Mr and Mrs Lowe are directors and majority shareholders. Mr and Mrs Lowe have a director's current account which is disclosed within creditors. This account has remained in credit throughout the current period.