TUGAL FOOD LIMITED

TUGAL FOOD LIMITED
Statement of Financial Position
As at 31 October 2025

	Notes	2025 £	2024 £
Fixed assets
Tangible fixed assets	3	110,479	138,987
		110,479	138,987
Current assets
Stocks	4	30,260	26,875
Debtors	5	100,014	102,658
Cash at bank and in hand		16,585	40,716
		146,859	170,249
Creditors: amount falling due within one year	6	(165,716)	(179,077)
Net current assets		(18,857)	(8,828)

Total assets less current liabilities		91,622	130,159
Creditors: amount falling due after more than one year	7	(6,652)	(23,487)
Net assets		84,970	106,672

Capital and reserves
Called up share capital	8	1,000	1,000
Profit and loss account		83,970	105,672
Shareholders' funds		84,970	106,672

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

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The financial statements were approved by the director on 30 July 2026 and were signed by:

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QUINTAL DA SILVA Jose Abelino
Director

TUGAL FOOD LIMITED
Notes to the Financial Statements
For the year ended 31 October 2025

General Information

TUGAL FOOD LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07792937, registration address 26 WILCOX ROAD, LONDON, SW8 2UX.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)

Going concern basis

The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognized in the statement of income, except to the extent that it relates to items recognized in other comprehensive income or directly in capital and reserves. The companys liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Current and deferred tax assets and liabilities are not discounted.

Dividends

Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and Machinery	18% Reducing Balance
Motor Vehicles	18% Reducing Balance

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

2.	Average number of employees Average number of employees during the year was 4 (2024 : 4).

Tangible fixed assets

Cost or valuation	Plant and Machinery	Motor Vehicles	Total
	£	£	£
At 01 November 2024	180,767	58,500	239,267
Additions	-	-	-
Disposals	-	(14,000)	(14,000)
At 31 October 2025	180,767	44,500	225,267
Depreciation
At 01 November 2024	68,590	31,690	100,280
Charge for year	20,192	4,060	24,252
On disposals	-	(9,744)	(9,744)
At 31 October 2025	88,782	26,006	114,788
Net book values
Closing balance as at 31 October 2025	91,985	18,494	110,479
Opening balance as at 01 November 2024	112,177	26,810	138,987

Stocks

	2025 £		2024 £
Stocks	30,260		26,875
	30,260		26,875

Debtors: amounts falling due within one year

	2025 £	2024 £
Trade Debtors	99,296	95,452
VAT	718	7,206
	100,014	102,658

Creditors: amount falling due within one year

	2025 £	2024 £
Trade Creditors	135,801	113,466
Corporation Tax	10,584	18,221
PAYE & Social Security	1,576	1,468
Accrued Expenses	17,756	0
Other Creditors	(1)	45,922
	165,716	179,077

Creditors: amount falling due after more than one year

	2025 £	2024 £
Bank Loans & Overdrafts	4,496	14,865
Other Creditors	2,156	8,622
	6,652	23,487

Share Capital

Allotted, called up and fully paid	2025 £		2024 £
1,000 Class A shares of £1.00 each	1,000		1,000
	1,000		1,000

Registered Number: 07792937
England and Wales
TUGAL FOOD LIMITED

Unaudited Financial Statements

Period of accounts Start date: 01 November 2024 End date: 31 October 2025