Registration number: 04673330

TFCA (2003) Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 7
Detailed Profit and Loss Account	8 to 10

TFCA (2003) Limited

Company Information

Directors

I Picken Mrs Joanne Jo Picken

Company secretary

Mrs Joanne Jo Picken

Registered office

Unit 61Q Gorse Industrial Estate Barnham Thetford Norfolk IP24 2PH

Accountants

Hodson Lewis Limited Certified Accountants and Business AdvisorsFirst Floor Abbotsgate House Hollow Road Bury St Edmunds Suffolk IP32 7FA

TFCA (2003) Limited

(Registration number: 04673330)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	5	458	529
Current assets
Stocks	6	4,508	4,508
Debtors	7	2,517	4,087
Cash at bank and in hand		17,322	9,918
		24,347	18,513
Creditors: Amounts falling due within one year	8	(110,600)	(103,593)
Net current liabilities		(86,253)	(85,080)
Net liabilities		(85,795)	(84,551)
Capital and reserves
Called up share capital	9	100	100
Retained earnings		(85,895)	(84,651)
Shareholders' deficit		(85,795)	(84,551)

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

Directors' 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; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act 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. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 12 August 2026 and signed on its behalf by:
 

......................................... I Picken Director

TFCA (2003) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Unit 61Q Gorse Industrial Estate
Barnham
Thetford
Norfolk
IP24 2PH

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Government grants

Government grants in relation to the CJRS and SBGF are included on an accruals model. These grants are presented within other operating income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

TFCA (2003) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	15% Straight Line
Motor vehicles	25% Straight Line

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	Amortised over 10 years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

TFCA (2003) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

TFCA (2003) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 April 2024	54,186	54,186
At 31 March 2025	54,186	54,186
Amortisation
At 1 April 2024	54,186	54,186
At 31 March 2025	54,186	54,186
Carrying amount
At 31 March 2025	-	-

5	Tangible assets

	Other tangible assets £	Total £
Cost or valuation
At 1 April 2024	28,946	28,946
Additions	250	250
At 31 March 2025	29,196	29,196
Depreciation
At 1 April 2024	28,417	28,417
Charge for the year	321	321
At 31 March 2025	28,738	28,738
Carrying amount
At 31 March 2025	458	458
At 31 March 2024	529	529

6

Stocks

	2025 £	2024 £
Other inventories	4,508	4,508

TFCA (2003) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

7

Debtors

Current	2025 £	2024 £
Trade debtors	2,517	4,087
	2,517	4,087

8

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Trade creditors	20,132	16,584
Taxation and social security	39,286	38,920
Accruals and deferred income	25,023	23,110
Other creditors	26,159	24,979
	110,600	103,593

9	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary of £1 each	100	100	100	100

TFCA (2003) Limited

Detailed Profit and Loss Account for the Year Ended 31 March 2025

	2025  £	2024  £
turnover (analysed below)	96,912	95,107
Cost of sales (analysed below)	(2,584)	(3,189)
Gross profit	94,328	91,918
Administrative expenses
Employment costs (analysed below)	(28,669)	(29,644)
Establishment costs (analysed below)	(52,409)	(54,765)
General administrative expenses (analysed below)	(13,729)	(14,067)
Finance charges (analysed below)	(445)	(1,083)
Depreciation costs (analysed below)	(320)	(99)
	(95,572)	(99,658)
Operating loss	(1,244)	(7,740)
Loss before tax	(1,244)	(7,740)

TFCA (2003) Limited

Detailed Profit and Loss Account for the Year Ended 31 March 2025

2025 £

2024 £

Turnover
Sales	96,912	95,107

Cost of sales
Opening stock	(4,508)	(4,583)
Purchases	(2,584)	(3,114)
Closing stock	4,508	4,508
	(2,584)	(3,189)

Employment costs
Directors remuneration	(21,400)	(19,700)
Directors NIC (Employers)	(442)	(207)
Subcontract cost	(5,582)	(7,486)
Casual wages	(1,245)	(2,251)
	(28,669)	(29,644)

Establishment costs
Rent	(31,745)	(36,031)
Rates	(5,120)	(3,907)
Light, heat and power	(11,415)	(7,355)
Insurance	(2,152)	(2,987)
Repairs and maintenance	(1,977)	(4,485)
	(52,409)	(54,765)

General administrative expenses
Telephone and fax	(1,588)	(1,474)
Computer software and maintenance costs	(937)	(1,247)
Printing, postage and stationery	(15)	(17)
Sundry expenses	(65)	(21)
Cleaning	-	(25)
Motor expenses	(2,168)	(2,120)
Advertising	(1)	-
Accountancy fees	(5,875)	(5,887)
Legal and professional fees	(3,080)	(3,276)
	(13,729)	(14,067)

Finance charges
Bank charges	(445)	(1,083)

TFCA (2003) Limited

Detailed Profit and Loss Account for the Year Ended 31 March 2025

2025 £

2024 £

Depreciation costs
Depreciation of plant and machinery (owned)	(320)	(99)