REGISTERED NUMBER: 14800862 (England and Wales)

Tesoro Wood Works Ltd

Report of the Director and

Unaudited Financial Statements

For The Year Ended 30th April 2026

Page

Company Information

1

Report of the Director

2

Chartered Accountants' Report

3

Income Statement

4

Balance Sheet

5

Notes to the Financial Statements

6

to

8

DIRECTOR:

F Bufano

REGISTERED OFFICE:

Green Lane 3

Unit 2 Green Lane Industrial Estate

Letchworth Garden City

Hertfordshire

SG6 1HP

REGISTERED NUMBER:

14800862 (England and Wales)

ACCOUNTANTS:

Cheney & Co

310 Wellingborough Road

Northampton

NN1 4EP

The director presents his report with the financial statements of the company for the year ended 30th April 2026.

DIRECTORS

F Bufano has held office during the whole of the period from 1st May 2025 to the date of this report.

Other changes in directors holding office are as follows:

R Occhipinti - resigned 1st February 2026

STATEMENT OF DIRECTOR'S RESPONSIBILITIES

The director is responsible for preparing the Report of the Director and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

F Bufano - Director

29th July 2026

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Tesoro Wood Works Ltd for the year ended 30th April 2026 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Tesoro Wood Works Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Tesoro Wood Works Ltd and state those matters that we have agreed to state to the director of Tesoro Wood Works Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Tesoro Wood Works Ltd and its director for our work or for this report.

It is your duty to ensure that Tesoro Wood Works Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Tesoro Wood Works Ltd. You consider that Tesoro Wood Works Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Tesoro Wood Works Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Cheney & Co

310 Wellingborough Road

Northampton

NN1 4EP

29th July 2026

TURNOVER

477,692

361,645

Cost of sales

(207,093

)

(117,762

)

GROSS PROFIT

270,599

243,883

Administrative expenses

(81,686

)

(45,247

)

OPERATING PROFIT

188,913

198,636

Interest receivable and similar income

-

383

188,913

199,019

Interest payable and similar expenses

(1,136

)

(1,510

)

PROFIT BEFORE TAXATION

187,777

197,509

Tax on profit

5

(45,815

)

(48,674

)

PROFIT FOR THE FINANCIAL YEAR

141,962

148,835

FIXED ASSETS

Tangible assets

6

11,663

10,169

CURRENT ASSETS

Stocks

57,537

-

Debtors

7

27,966

71,835

Cash at bank

15,156

6,652

100,659

78,487

CREDITORS

Amounts falling due within one year

8

92,963

86,459

NET CURRENT ASSETS/(LIABILITIES)

7,696

(7,972

)

TOTAL ASSETS LESS CURRENT LIABILITIES

19,359

2,197

PROVISIONS FOR LIABILITIES

9

2,200

2,000

NET ASSETS

17,159

197

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

17,059

97

SHAREHOLDERS' FUNDS

17,159

197

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 29th July 2026 and were signed by:

F Bufano - Director

1.	STATUTORY INFORMATION

Tesoro Wood Works Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

The principal activity of the company in the year under review was that of carpentry and joinery.

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

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 stated.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

33% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2025 - 2 ) .

5.

TAXATION

Analysis of the tax charge

The tax charge on the profit for the year was as follows:

2026

2025

£

£

Current tax:

UK corporation tax

45,615

48,774

Deferred tax

200

(100

)

Tax on profit

45,815

48,674

6.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1st May 2025

5,000

10,000

4,320

19,320

Additions

-

8,000

-

8,000

At 30th April 2026

5,000

18,000

4,320

27,320

DEPRECIATION

At 1st May 2025

3,334

4,375

1,442

9,151

Charge for year

1,665

3,406

1,435

6,506

At 30th April 2026

4,999

7,781

2,877

15,657

NET BOOK VALUE

At 30th April 2026

1

10,219

1,443

11,663

At 30th April 2025

1,666

5,625

2,878

10,169

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

3,766

62,556

Other debtors

24,200

9,279

27,966

71,835

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Taxation and social security

82,956

69,226

Other creditors

10,007

17,233

92,963

86,459

9.	PROVISIONS FOR LIABILITIES

2026

2025

£

£

Deferred tax

2,200

2,000

Deferred

tax

£

Balance at 1st May 2025

2,000

Provided during year

200

Balance at 30th April 2026

2,200

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

100

Ordinary

£1

100

100

11.	CONTINGENT LIABILITIES

There are no contingent liabilities as at 30th April 2026.

12.	CAPITAL COMMITMENTS

There were no capital commitments as at 30th April 2026.