Registrar

Registration number: 01075762

Tapco (Preservation) Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 9

Tapco (Preservation) Limited

Company Information

Directors

J R Millroy

Registered office

3 Warners Mill Silks Way Braintree Essex United Kingdom CM7 3GB

Accountants

Lambert Chapman LLP Chartered accountants 3 Warners Mill Silks Way Braintree Essex CM7 3GB

Tapco (Preservation) Limited

(Registration number: 01075762)
Balance Sheet as at 31 October 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	761,592	704,487
Current assets
Stocks	5	19,289	27,514
Debtors	6	795,204	758,921
Cash at bank and in hand		148,266	147,999
		962,759	934,434
Creditors: Amounts falling due within one year	7	(414,466)	(433,174)
Net current assets		548,293	501,260
Total assets less current liabilities		1,309,885	1,205,747
Creditors: Amounts falling due after more than one year	7	(79,286)	(6,248)
Net assets		1,230,599	1,199,499
Capital and reserves
Called up share capital	11	100	100
Revaluation reserve		467,500	467,500
Retained earnings		762,999	731,899
Shareholders' funds		1,230,599	1,199,499

For the financial year ending 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; and
•	The director acknowledges his 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 30 October 2026
 

......................................... J R Millroy Director

Tapco (Preservation) Limited

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

1	General information

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

The address of its registered office is: 3 Warners Mill, Silks Way, Braintree, Essex, CM7 3GB, United Kingdom.

These financial statements were authorised for issue by the director on 30 October 2026.

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.

These financial statements are presented in Sterling (£), which is the company's functional currency.

Departures from Companies Act requirements

The freehold property is shown at a previous revalued amount with no provision for depreciation. This is a departure from the requirements of the Companies Act concerning the depreciation of fixed assets which the directors feel necessary to show a true and fair view.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for property dampness remediation activities in the ordinary course of the company’s activities. Turnover is shown net of 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.

Amounts recoverable on contracts, which are included within other debtors, are stated at the expected sales value based on stage of completion.

Government grants

Government grants are recognised using the accrual model and are shown within other operating income.

Tapco (Preservation) Limited

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

Tax

Current Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Trade debtors

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

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

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.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors 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.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Tapco (Preservation) Limited

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

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the useful life of the asset. The corresponding liability to the lessor is included in the Balance Sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the Profit and Loss Account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 26 (2024 - 24).

Tapco (Preservation) Limited

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

4	Tangible assets

	Land and buildings £	Fixtures and fittings  £	Motor vehicles  £	Plant and machinery £	Total £
Cost or valuation
At 1 November 2024	650,000	3,895	204,484	40,211	898,590
Additions	-	449	114,865	4,569	119,883
Disposals	-	-	(30,274)	-	(30,274)
At 31 October 2025	650,000	4,344	289,075	44,780	988,199
Depreciation
At 1 November 2024	-	1,932	165,448	26,723	194,103
Charge for the year	-	398	51,891	4,182	56,471
Eliminated on disposal	-	-	(23,967)	-	(23,967)
At 31 October 2025	-	2,330	193,372	30,905	226,607
Carrying amount
At 31 October 2025	650,000	2,014	95,703	13,875	761,592
At 31 October 2024	650,000	1,963	39,036	13,488	704,487

Included within the net book value of land and buildings above is £650,000 (2024 - £650,000) in respect of freehold land and buildings.
 

Revaluation

The fair value of the company's Freehold land and buildings was revalued on 9 August 2019 by Leaders Estate Agents.

Had this class of asset been measured on a historical cost basis, the carrying amount would have been £182,500 (2024 - £182,500).

5

Stocks

	2025 £	2024 £
Stocks	19,289	27,514

Tapco (Preservation) Limited

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

6

Debtors

	Note	2025 £	2024 £
Trade debtors		147,771	161,206
Directors loan	10	427,006	381,763
Prepayments		39,283	46,889
Other debtors		181,144	169,063
		795,204	758,921

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Trade creditors		106,853	151,417
Loans and borrowings	8	27,183	13,209
Other creditors		38,036	41,669
Taxation and social security		146,097	110,890
Accruals and deferred income		96,297	115,989
		414,466	433,174

Creditors include net obligations under finance lease and hire purchase contracts which are secured of £27,183 (2024 - £13,209).

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	8	79,286	6,248