SC596204 false Property management 2024-06-01 2025-05-31 http://www.companieshouse.gov.uk/2024-05-31 http://www.companieshouse.gov.uk/pt:ShareCapital 2024-05-31 http://www.companieshouse.gov.uk/cd:Director1 2024-06-01 2025-05-31 http://www.companieshouse.gov.uk/pt:ShareCapital 2025-05-31 http://www.companieshouse.gov.uk/cd:Director2 2024-06-01 2025-05-31 http://www.companieshouse.gov.uk/cd:OrdinaryShareClass1 2024-06-01 2025-05-31 http://www.companieshouse.gov.uk/cd:RegisteredOffice 2024-06-01 2025-05-31 http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport 2024-06-01 2025-05-31 http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments 2025-05-31 http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments 2024-05-31 http://www.companieshouse.gov.uk/2024-06-01 2025-05-31 http://www.companieshouse.gov.uk/2024-05-31 http://www.companieshouse.gov.uk/cd:FRS102 2024-06-01 2025-05-31 http://www.companieshouse.gov.uk/2025-05-31 http://www.companieshouse.gov.uk/cd:FullAccounts 2024-06-01 2025-05-31 http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd 2024-06-01 2025-05-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: SC596204
Tuturu Limited
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
Prepared By:
Cunningham Grant
Chartered Accountants
Unit G6, The Granary Business Centre
Coal Road, Cupar
Fife
KY15 5YQ

Tuturu Limited

FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
DIRECTORS
Neal Dicker
Kim Dicker
REGISTERED OFFICE
42 Commercial Street
Markinch
Fife
KY7 6DE
COMPANY DETAILS
Private company limited by shares registered in SC - Scotland, registered number SC596204
ACCOUNTANTS
Cunningham Grant
Chartered Accountants
Unit G6, The Granary Business Centre
Coal Road, Cupar
Fife
KY15 5YQ

Tuturu Limited

FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
CONTENTS |  |
|  | Page
Directors' Report |  | -
Accountants' Report |  | -
Statement Of Comprehensive Income |  | -
Balance Sheet |  | 3
Notes To The Accounts |  | 4
The following do not form part of the statutory financial statements: |  |
Trading And Profit And Loss Account |  | -
Profit And Loss Account Summaries |  | -

Tuturu Limited

BALANCE SHEET AT 31 May 2025
|  |  |  |  |  | 2025 |  |  |  | 2024
|  | Notes |  |  |  | £ |  |  |  | £
FIXED ASSETS |  |  |  |  |  |  |  |  |  |
Tangible assets |  | 3 |  |  |  | 1,196 |  |  |  | 1,699
CURRENT ASSETS |  |  |  |  |  |  |  |  |  |
Stock |  |  |  | 750 |  |  |  | 1,125 |  |
Debtors |  | 4 |  | 7,840 |  |  |  | 321 |  |
Cash at bank and in hand |  |  |  | 9,069 |  |  |  | 7,714 |  |
|  |  |  | 17,659 |  |  |  | 9,160 |  |
CREDITORS: Amounts falling due within one year |  | 5 |  | 22,293 |  |  |  | 15,236 |  |
NET CURRENT LIABILITIES |  |  |  |  |  | (4,634) |  |  |  | (6,076)
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  |  |  |  | (3,438) |  |  |  | (4,377)
CAPITAL AND RESERVES |  |  |  |  |  |  |  |  |  |
Called up share capital |  | 6 |  |  |  | 100 |  |  |  | 100
Profit and loss account |  |  |  |  |  | (3,538) |  |  |  | (4,477)
SHAREHOLDERS' FUNDS |  |  |  |  |  | (3,438) |  |  |  | (4,377)
For the year ending 31 May 2025 the company was entitled to exemption 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 24 February 2026 and signed on their behalf by |  |  |  |  |  |  |  |  |  |
............................. |  |  |  |  |  |  |  |  |  |
Neal Dicker |  |  |  |  |  |  |  |  |  |
Director |  |  |  |  |  |  |  |  |  |

Tuturu Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MAY 2025

1. ACCOUNTING POLICIES

1a. General Information & Basis of Accounting
The company is limited by shares and incorporated in Scotland. The address of the registered office is given in the company information on page 1 of these financial statements.
The financial statements have been prepared in accordance with Financial Reporting Standard FRS 102 including Section 1A Small Entities, the Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. There were no material departures from that standard.
The financial statements are presented in sterling which is the functional currency of the company and are rounded to the nearest £1. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise shown.

1b. Turnover
Turnover represents the amounts receivable arising from the supply of goods net of trade discounts.
Turnover is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably.
Turnover is recognised as the fair value of the consideration received or receivable for services provided in the normal course of business, net of trade discounts.

1c. Tangible Fixed Assets |  |
Tangible fixed assets are stated at cost (or deemed cost) less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.
Depreciation has been provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:
Equipment |  | straight line 20%

1d. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

1e. Cash And Cash Equivalents
Cash and cash equivalents are basic financial instruments which include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Tuturu Limited

1f. Financial Instruments
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities, including creditors and bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1g. Critical Accounting Estimates And Judgements
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources.
The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period, or in the period of the revision and future periods where the revision affects both current and future periods.

2. EMPLOYEES |  |  |  |  |  |
|  |  |  | 2025 |  | 2024
|  |  |  | No. |  | No.
Average number of employees |  |  |  | 1 |  | 1

3. TANGIBLE FIXED ASSETS |  |  |  |
|  | Plant and |  |
|  | Machinery Etc. |  | Total
|  | £ |  | £
Cost |  |  |  |
At 1 June 2024 |  | 14,799 |  | 14,799
Additions |  | 389 |  | 389
At 31 May 2025 |  | 15,188 |  | 15,188
Depreciation |  |  |  |
At 1 June 2024 |  | 13,100 |  | 13,100
For the year |  | 892 |  | 892
At 31 May 2025 |  | 13,992 |  | 13,992
Net Book Amounts |  |  |  |
At 31 May 2025 |  | 1,196 |  | 1,196
At 31 May 2024 |  | 1,699 |  | 1,699

Tuturu Limited

4. DEBTORS |  |  |  | 2025 |  | 2024
|  |  |  | £ |  | £
Amounts falling due within one year: |  |  |  |  |  |
Trade debtors |  |  |  | 5,000 |  | 57
Other Tax |  |  |  | - |  | 61
Other debtors |  |  |  | 2,840 |  | 203
|  |  |  | 7,840 |  | 321

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |  |  |  |  |  |
|  |  |  | 2025 |  | 2024
|  |  |  | £ |  | £
Other creditors |  |  |  | 22,293 |  | 15,236
|  |  |  | 22,293 |  | 15,236

6. SHARE CAPITAL |  |  |  | 2025 |  | 2024
|  |  |  | £ |  | £
Allotted, issued and fully paid: |  |  |  |  |  |
100 Class 1 shares of £1 each |  |  |  | 100 |  | 100
|  |  |  | 100 |  | 100

7. RELATED PARTY TRANSACTIONS
Included at the year end is an interest free loan of £13,167 (2024 - £11,572) from the directors. There is no fixed repayment date.
Included in other creditors is £Nil (2024 - £2,320) due to Kete Ltd a company controlled by the directors.
Included in other debtors is £2,620 (2024 - £Nil) due from Kete Ltd a company controlled by the directors.