2 April 2024 false No description of principal activity Taxfiler 2024.6 15610514 business:PrivateLimitedCompanyLtd 2024-04-02 2025-04-30 15610514 2024-04-01 15610514 2024-04-02 2025-04-30 15610514 business:AuditExempt-NoAccountantsReport 2024-04-02 2025-04-30 15610514 business:FilletedAccounts 2024-04-02 2025-04-30 15610514 2025-04-30 15610514 business:Director1 2024-04-02 2025-04-30 15610514 business:RegisteredOffice 2024-04-02 2025-04-30 15610514 core:WithinOneYear 2025-04-30 15610514 core:AfterOneYear 2025-04-30 15610514 core:SharePremium core:PreviouslyStatedAmount 2025-04-30 15610514 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2025-04-30 15610514 core:PreviouslyStatedAmount 2025-04-30 15610514 business:SmallEntities 2024-04-02 2025-04-30 15610514 countries:EnglandWales 2024-04-02 2025-04-30 iso4217:GBP xbrli:pure
Company Registration No. 15610514 (England and Wales)
Tuffnells Limited Unaudited accounts for the period from 2 April 2024 to 30 April 2025
Tuffnells Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Tuffnells Limited Company Information for the period from 2 April 2024 to 30 April 2025
Director
Jacob Corlett
Company Number
15610514 (England and Wales)
Registered Office
3rd Floor Suite 207 Regent Street London London W1B 3HH England
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Tuffnells Limited Statement of financial position as at 30 April 2025
2025
Notes
£
Current assets
Debtors
4
728,610
Cash at bank and in hand
56,163
784,773
Creditors: amounts falling due within one year
5
(371,453)
Net current assets
413,320
Total assets less current liabilities
413,320
Creditors: amounts falling due after more than one year
6
(1,034,691)
Net liabilities
(621,371)
Capital and reserves
Share premium
1
Profit and loss account
(621,372)
Shareholders' funds
(621,371)
For the period ending 30 April 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 director acknowledges his 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 and authorised for issue on 9 April 2026 and were signed on its behalf by
Jacob Corlett Director Company Registration No. 15610514
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Tuffnells Limited Notes to the Accounts for the period from 2 April 2024 to 30 April 2025
1
Statutory information
Tuffnells Limited is a private company, limited by shares, registered in England and Wales, registration number 15610514. The registered office is 3rd Floor Suite, 207 Regent Street, London, London, W1B 3HH, 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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4
Debtors
2025
£
Amounts falling due within one year
Trade debtors
119,134
Amounts due from group undertakings etc.
549,388
Accrued income and prepayments
25,000
Other debtors
35,088
728,610
5
Creditors: amounts falling due within one year
2025
£
VAT
(10,148)
Trade creditors
266,752
Taxes and social security
114,849
371,453
6
Creditors: amounts falling due after more than one year
2025
£
Bank loans
1,034,691
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Tuffnells Limited Notes to the Accounts for the period from 2 April 2024 to 30 April 2025
7
Contingent liabilities
Related Party Transactions The Company is a wholly owned subsidiary of Shift Global Holdings Ltd. Group Funding Arrangements The parent company provides financial support to subsidiaries through Shift Platform, which operates as the group’s treasury and settlement vehicle. Intercompany balances are recognised initially at transaction price and subsequently measured at amortised cost under Section 11 of FRS 102. Balances are unsecured, interest-free and repayable on demand. Central Shared Services and Non-Recharge Policy Tuffnells Ltd incurs and accounts for central shared service costs, including administrative, operational, technology and other group overheads. Management has assessed the substance of the arrangement and concluded that: The contractual obligation for such costs rests with Tuffnells Ltd; There is no legal, constructive, or implied obligation for subsidiaries to reimburse these costs; No recharge mechanism exists, and no expectation of settlement has been established.
8
Average number of employees
During the period the average number of employees was 12.
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