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Company Registration No. 03925681 (England and Wales)
Taildraggers Limited Unaudited accounts for the year ended 31 March 2026
Taildraggers Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Taildraggers Limited Company Information for the year ended 31 March 2026
Director
James Newman
Secretary
Kim Newman
Company Number
03925681 (England and Wales)
Registered Office
Reeds The Street Benenden Cranbrook Kent TN17 4DB
Accountants
ASTON STEELE Aston House Cotchford Hill, Hartfield Sussex TN7 4HA
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Taildraggers Limited Statement of financial position as at 31 March 2026
2026
2025
Notes
£
£
Fixed assets
Tangible assets
4
23,869
29,915
Current assets
Debtors
6
5,484
20,556
Cash at bank and in hand
7,468
13,270
12,952
33,826
Creditors: amounts falling due within one year
7
(172,621)
(146,729)
Net current liabilities
(159,669)
(112,903)
Net liabilities
(135,800)
(82,988)
Capital and reserves
Called up share capital
8
2
2
Profit and loss account
(135,802)
(82,990)
Shareholders' funds
(135,800)
(82,988)
For the year ending 31 March 2026 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 29 June 2026 and were signed on its behalf by
James Newman Director Company Registration No. 03925681
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Taildraggers Limited Notes to the Accounts for the year ended 31 March 2026
1
Statutory information
Taildraggers Limited is a private company, limited by shares, registered in England and Wales, registration number 03925681. The registered office is Reeds The Street, Benenden, Cranbrook, Kent, TN17 4DB.
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 remained unchanged from the previous year, and also 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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of services is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20%
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Taildraggers Limited Notes to the Accounts for the year ended 31 March 2026
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 April 2025
87,607
5,491
93,098
At 31 March 2026
87,607
5,491
93,098
Depreciation
At 1 April 2025
59,001
4,182
63,183
Charge for the year
5,719
327
6,046
At 31 March 2026
64,720
4,509
69,229
Net book value
At 31 March 2026
22,887
982
23,869
At 31 March 2025
28,606
1,309
29,915
The
6
Debtors
2026
2025
£
£
Amounts falling due within one year
Trade debtors
5,484
20,556
7
Creditors: amounts falling due within one year
2026
2025
£
£
VAT
164
7,291
Taxes and social security
187
182
Other creditors
1,113
1,117
Loans from directors
168,607
135,813
Accruals
2,550
2,326
172,621
146,729
8
Share capital
2026
2025
£
£
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
9
Average number of employees
During the year the average number of employees was 2 (2025: 2).
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