REGISTERED NUMBER: 01904318 (England and Wales)

Unaudited Financial Statements

for the Year Ended 28 February 2025

for

Tuftdell Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N A Bristow

S J Bristow

SECRETARY:

S J Bristow

REGISTERED OFFICE:

156 High Street

Lincoln

LN5 7AA

REGISTERED NUMBER:

01904318 (England and Wales)

ACCOUNTANTS:

Bates Weston LLP

Chartered Accountants

The Mills

Canal Street

Derby

DE1 2RJ

FIXED ASSETS

Tangible assets

4

1,556

2,046

CURRENT ASSETS

Stocks

86,120

78,850

Debtors

5

17,399

22,961

Cash at bank and in hand

16,175

12,387

119,694

114,198

CREDITORS

Amounts falling due within one year

6

129,316

141,446

NET CURRENT LIABILITIES

(9,622

)

(27,248

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(8,066

)

(25,202

)

CREDITORS

Amounts falling due after more than one year

7

1,413

5,581

NET LIABILITIES

(9,479

)

(30,783

)

CAPITAL AND RESERVES

Called up share capital

10,000

10,000

Retained earnings

(19,479

)

(40,783

)

SHAREHOLDERS' FUNDS

(9,479

)

(30,783

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 November 2025 and were signed on its behalf by:

N A Bristow - Director

1.	STATUTORY INFORMATION

Tuftdell Limited 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

The company's financial statements should be prepared on a going concern basis on the grounds that current and future sources of funding or support will be more than adequate for the company's needs. The directors considered a period of twelve months from the date of approval of the financial statements and confirm their ongoing support for the company.

Turnover

Turnover represents the net sales of goods, excluding value added tax. Turnover is recognised at point of sale.

Tangible fixed assets

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

Improvements to property

-

Straight line over 20 years

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for slow moving and obsolete items.

Deferred tax

Deferred tax is recognised in respect of all material timing differences.

A deferred tax asset is recognised only when it is more likely than not that there will be suitable taxable profits from which the future reversal of underlying timing differences and losses can be deducted.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Computer

property

fittings

equipment

Totals

£

£

£

£

COST

At 1 March 2024

and 28 February 2025

2,568

56,149

1,491

60,208

DEPRECIATION

At 1 March 2024

2,424

54,514

1,224

58,162

Charge for year

128

245

117

490

At 28 February 2025

2,552

54,759

1,341

58,652

NET BOOK VALUE

At 28 February 2025

16

1,390

150

1,556

At 29 February 2024

144

1,635

267

2,046

5.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Trade debtors

869

1,112

Other debtors

322

609

Deferred tax asset

5,100

3,800

6,291

5,521

Amounts falling due after more than one year:

Deferred tax asset

11,108

17,440

Aggregate amounts

17,399

22,961

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans

4,168

4,065

Social security and other taxes

2,424

2,898

Other creditors

40,969

46,183

Directors' current accounts

81,755

88,300

129,316

141,446

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

1,413

4,168

Bank loans - 2-5 years

-

1,413

1,413

5,581