Company registration number 03111086 (England and Wales)
TIVOLI MANUFACTURING LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
PAGES FOR FILING WITH REGISTRAR
TIVOLI MANUFACTURING LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
TIVOLI MANUFACTURING LIMITED
BALANCE SHEET
AS AT
31 MAY 2025
31 May 2025
- 1 -
31 May 2025
31 August 2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
60,625
80,833
Current assets
Stocks
325,000
741,000
Debtors
4
1,613,702
1,089,735
Cash at bank and in hand
20,497
78,882
1,959,199
1,909,617
Creditors: amounts falling due within one year
5
(2,400,166)
(1,736,470)
Net current (liabilities)/assets
(440,967)
173,147
Net (liabilities)/assets
(380,342)
253,980
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss reserves
(381,342)
252,980
Total equity
(380,342)
253,980

For the financial year ended 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he 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 directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 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.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 25 February 2026 and are signed on its behalf by:
A Woolls
Director
Company registration number 03111086 (England and Wales)
TIVOLI MANUFACTURING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
- 2 -
1
Accounting policies
Company information

Tivoli Manufacturing Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 3, Howfield Lane, Chartham, Canterbury, Kent, England, CT4 7HG.
The presentation currency of the financial statements is the Pound Sterling (£).

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
25% on reducing balance
Motor vehicles
25% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Stocks

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

1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

TIVOLI MANUFACTURING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
1
Accounting policies
(Continued)
- 3 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.6
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

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
14
13
TIVOLI MANUFACTURING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
- 4 -
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 June 2024 and 31 May 2025
114,117
Depreciation and impairment
At 1 June 2024
33,284
Depreciation charged in the year
20,208
At 31 May 2025
53,492
Carrying amount
At 31 May 2025
60,625
At 31 May 2024
80,833
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
970,671
501,769
Other debtors
134,110
120,630
1,104,781
622,399
2025
2024
Amounts falling due after more than one year:
£
£
Other debtors
508,921
467,336
Total debtors
1,613,702
1,089,735

Included in Other Debtors more than one year are amounts loaned to Mr I S Woolls (Employee) £508,921 (202 4: £467,336) Demand for repayment in full expected 2025.

TIVOLI MANUFACTURING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
- 5 -
5
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
85,099
-
0
Trade creditors
292,347
370,497
Corporation tax
105,297
24,312
Other taxation and social security
8,134
4,909
Other creditors
1,909,289
1,336,752
2,400,166
1,736,470

Included within Other Creditors are amounts owed to related party MIR Ltd £546,109 (2023: £475,840)

2025-05-31 2024-06-01 false false false 25 February 2026 CCH Software CCH Accounts Production 2025.300 No description of principal activity A Woolls E Woolls 03111086 2024-06-01 2025-05-31 03111086 2025-05-31 03111086 2024-05-31 03111086 core:OtherPropertyPlantEquipment 2025-05-31 03111086 core:OtherPropertyPlantEquipment 2024-05-31 03111086 core:CurrentFinancialInstruments core:WithinOneYear 2025-05-31 03111086 core:CurrentFinancialInstruments core:WithinOneYear 2024-05-31 03111086 core:WithinOneYear 2025-05-31 03111086 core:WithinOneYear 2024-05-31 03111086 core:CurrentFinancialInstruments 2025-05-31 03111086 core:CurrentFinancialInstruments 2024-05-31 03111086 core:ShareCapital 2025-05-31 03111086 core:ShareCapital 2024-05-31 03111086 core:RetainedEarningsAccumulatedLosses 2025-05-31 03111086 core:RetainedEarningsAccumulatedLosses 2024-05-31 03111086 bus:Director1 2024-06-01 2025-05-31 03111086 core:PlantMachinery 2024-06-01 2025-05-31 03111086 core:MotorVehicles 2024-06-01 2025-05-31 03111086 2023-06-01 2024-05-31 03111086 core:OtherPropertyPlantEquipment 2024-05-31 03111086 core:OtherPropertyPlantEquipment 2024-06-01 2025-05-31 03111086 core:Non-currentFinancialInstruments core:AfterOneYear 2025-05-31 03111086 core:Non-currentFinancialInstruments core:AfterOneYear 2024-05-31 03111086 bus:PrivateLimitedCompanyLtd 2024-06-01 2025-05-31 03111086 bus:SmallCompaniesRegimeForAccounts 2024-06-01 2025-05-31 03111086 bus:FRS102 2024-06-01 2025-05-31 03111086 bus:AuditExemptWithAccountantsReport 2024-06-01 2025-05-31 03111086 bus:Director2 2024-06-01 2025-05-31 03111086 bus:FullAccounts 2024-06-01 2025-05-31 xbrli:pure xbrli:shares iso4217:GBP