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REGISTERED NUMBER: 07607686 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2018

for

Tesscott Limited

Tesscott Limited (Registered number: 07607686)






Contents of the Financial Statements
for the Year Ended 31 May 2018




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Report of the Accountants 7

Tesscott Limited

Company Information
for the Year Ended 31 May 2018







DIRECTORS: Mr M Williams
Mr J Williams
Mrs C Y Williams





REGISTERED OFFICE: Ty-Issa Farm
Llanyblodwel
Oswestry
Shropshire
SY10 8NE





REGISTERED NUMBER: 07607686 (England and Wales)





ACCOUNTANTS: T.A. Gittins & Company
Chartered Accountants,
61 King Street
Wrexham
LL11 1HR

Tesscott Limited (Registered number: 07607686)

Statement of Financial Position
31 May 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 553,687 29,984

CURRENT ASSETS
Stocks 78,160 180,463
Debtors 5 350,044 516,788
Cash at bank 35,179 39,843
463,383 737,094
CREDITORS
Amounts falling due within one year 6 321,027 331,651
NET CURRENT ASSETS 142,356 405,443
TOTAL ASSETS LESS CURRENT
LIABILITIES

696,043

435,427

CREDITORS
Amounts falling due after more than one year 7 (79,418 ) -

PROVISIONS FOR LIABILITIES (5,679 ) (5,970 )
NET ASSETS 610,946 429,457

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 610,846 429,357
SHAREHOLDERS' FUNDS 610,946 429,457

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2018 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.

Tesscott Limited (Registered number: 07607686)

Statement of Financial Position - continued
31 May 2018


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 17 October 2018 and were signed on its behalf by:




Mr M Williams - Director Mr J Williams - Director




Mrs C Y Williams - Director


Tesscott Limited (Registered number: 07607686)

Notes to the Financial Statements
for the Year Ended 31 May 2018

1. STATUTORY INFORMATION

Tesscott 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

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 - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance

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

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of
financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 2 ) .

Tesscott Limited (Registered number: 07607686)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2018

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 1 June 2017 - 46,983 4,129 51,112
Additions 450,000 92,000 - 542,000
At 31 May 2018 450,000 138,983 4,129 593,112
DEPRECIATION
At 1 June 2017 - 19,923 1,205 21,128
Charge for year - 17,858 439 18,297
At 31 May 2018 - 37,781 1,644 39,425
NET BOOK VALUE
At 31 May 2018 450,000 101,202 2,485 553,687
At 31 May 2017 - 27,060 2,924 29,984

5. DEBTORS
2018 2017
£    £   
Amounts falling due within one year:
Trade debtors 272,119 98,604
Other debtors 10,585 334,368
282,704 432,972

Amounts falling due after more than one year:
Other debtors 67,340 83,816

Aggregate amounts 350,044 516,788

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Bank loans and overdrafts 19,020 -
Trade creditors 225,321 202,572
Taxation and social security 43,938 39,497
Other creditors 32,748 89,582
321,027 331,651

Tesscott Limited (Registered number: 07607686)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2018

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2018 2017
£    £   
Bank loans 79,418 -

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 May 2018 and 31 May 2017:

2018 2017
£    £   
Mr M Williams
Balance outstanding at start of year 200,256 225,158
Amounts advanced 187,926 -
Amounts repaid (388,182 ) (24,902 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 200,256

Mr J Williams
Balance outstanding at start of year 105,579 124,579
Amounts advanced 12,000 -
Amounts repaid (117,579 ) (19,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 105,579

Mrs C Y Williams
Balance outstanding at start of year 19,527 41,527
Amounts advanced 4,000 -
Amounts repaid (23,527 ) (22,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 19,527

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £6,000 (2017 - £69,000) were paid to the directors .

During the year there have been transactions between the limited company and the partnership J B Williams and Son which
have common control.

10. ULTIMATE CONTROLLING PARTY

Ultimate control lies with the directors equally.

Tesscott Limited

Report of the Accountants to the Directors of
Tesscott Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited
financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of
Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report
of the Directors are not required to be filed with the Registrar of Companies.

As described on the Statement of Financial Position you are responsible for the preparation of the financial statements for the year ended 31 May 2018 set out on pages three to nine and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






T.A. Gittins & Company
Chartered Accountants,
61 King Street
Wrexham
LL11 1HR


17 October 2018