Tydee Contractors Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 04316830 (England and Wales)

Unaudited Financial Statements

For The Year Ended 31 March 2025

for

Tydee Contractors Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J E Tydeman

SECRETARY:

J E Tydeman

REGISTERED OFFICE:

Bovone Farm

Tibberton

Gloucestershire

GL2 8EA

REGISTERED NUMBER:

04316830 (England and Wales)

ACCOUNTANTS:

Kingscott Dix Limited

Chartered Accountants

Goodridge Court

Goodridge Avenue

Gloucester

Gloucestershire

GL2 5EN

BANKERS:

Barclays Bank Plc

18 Southgate Street

Gloucester

GL1 2DJ

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

181,394

193,264

181,394

193,264

CURRENT ASSETS

Debtors

6

29,218

6,626

Cash at bank

-

12,270

29,218

18,896

CREDITORS

Amounts falling due within one year

7

115,108

89,930

NET CURRENT LIABILITIES

(85,890

)

(71,034

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

95,504

122,230

PROVISIONS FOR LIABILITIES

41,524

35,644

NET ASSETS

53,980

86,586

CAPITAL AND RESERVES

Called up share capital

9

100

Retained earnings

53,880

86,486

SHAREHOLDERS' FUNDS

53,980

86,586

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 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.

The financial statements were approved by the director and authorised for issue on 20 October 2025 and were signed by:

J E Tydeman - Director

1.	STATUTORY INFORMATION

Tydee Contractors 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.

Turnover

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

Goodwill

Goodwill being the amount paid in connection with the acquisition of a business in 2003, has been amortised evenly over its estimated useful life of five years.

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant & machinery : 10% straight line

Motor vehicles : 25% straight line

Computer equipment : 33% straight line

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Basic financial liabilities

Basic financial liabilities, including trade and other payables, and bank loans are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade payables 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 payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

1,050

AMORTISATION

At 1 April 2024

and 31 March 2025

1,050

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Improvements

to

Plant and

Motor

Computer

property

machinery

vehicles

equipment

Totals

£

COST

At 1 April 2024

5,666

484,269

60,953

1,213

552,101

Additions

-

30,093

-

30,093

Disposals

-

(15,351

)

-

(15,351

)

At 31 March 2025

5,666

499,011

60,953

1,213

566,843

DEPRECIATION

At 1 April 2024

-

308,243

49,381

1,213

358,837

Charge for year

-

34,069

7,894

-

41,963

Eliminated on disposal

-

(15,351

)

-

(15,351

)

At 31 March 2025

-

326,961

57,275

1,213

385,449

NET BOOK VALUE

At 31 March 2025

5,666

172,050

3,678

-

181,394

At 31 March 2024

5,666

176,026

11,572

-

193,264

The net book value of assets held under hire purchase contracts as at 31 March 2024 total £39,837 (2023: £44,617).

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade debtors

23,626

3,351

Tax

5,592

-

Corporation tax recoverable

-

3,275

29,218

6,626

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Bank loans and overdrafts

9,856

-

Hire purchase contracts

-

11,006

Trade creditors

15,576

7,986

Corporation tax

887

873

Social security and other taxes

1,983

1,622

VAT

3,800

6,974

Other creditors

19,659

5,297

Directors' current accounts

61,047

53,872

Accrued expenses

2,300

115,108

89,930

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

Hire purchase contracts

-

11,006

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

100

Ordinary

£1

100