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REGISTERED NUMBER: 04482956 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2018

FOR

TBM PRECISION ENGINEERING LIMITED

TBM PRECISION ENGINEERING LIMITED (REGISTERED NUMBER: 04482956)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 September 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TBM PRECISION ENGINEERING LIMITED

COMPANY INFORMATION
for the year ended 30 September 2018







DIRECTORS: T B MACKIE
MRS K MACKIE





SECRETARY: MRS K MACKIE





REGISTERED OFFICE: 66 Doctors lane
Eccleston
CHORLEY
Lancashire
PR7 5QZ





REGISTERED NUMBER: 04482956 (England and Wales)





ACCOUNTANTS: Hayes & Co
Chartered Accountants
St Andrews House
11 Dalton Ct,Commercial Rd
Blackburn Interchange
Darwen
Lancashire
BB3 0DG

TBM PRECISION ENGINEERING LIMITED (REGISTERED NUMBER: 04482956)

BALANCE SHEET
30 September 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 115,305 119,192

CURRENT ASSETS
Stocks 8,000 7,750
Debtors 5 119,079 98,565
Cash at bank and in hand 65 8,016
127,144 114,331
CREDITORS
Amounts falling due within one year 6 155,857 113,749
NET CURRENT (LIABILITIES)/ASSETS (28,713 ) 582
TOTAL ASSETS LESS CURRENT
LIABILITIES

86,592

119,774

CREDITORS
Amounts falling due after more than one
year

7

(13,562

)

(37,751

)

PROVISIONS FOR LIABILITIES (19,176 ) (17,817 )
NET ASSETS 53,854 64,206

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 52,854 63,206
SHAREHOLDERS' FUNDS 53,854 64,206

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

TBM PRECISION ENGINEERING LIMITED (REGISTERED NUMBER: 04482956)

BALANCE SHEET - continued
30 September 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 13 November 2018 and were signed on its behalf
by:





MRS K MACKIE - Director


TBM PRECISION ENGINEERING LIMITED (REGISTERED NUMBER: 04482956)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 September 2018

1. STATUTORY INFORMATION

TBM Precision Engineering 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 2% on cost
Plant and machinery - 25% on reducing balance and 10% on cost
Office equipment - 25% on reducing balance
Motor vehicles - 25% 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 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the
balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at
the date of transaction. Exchange differences are taken into account in arriving at the operating result.

TBM PRECISION ENGINEERING LIMITED (REGISTERED NUMBER: 04482956)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 September 2018

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held
under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases
are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element
of the future payments is treated as a liability.

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 9 (2017 - 9 ) .

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Office Motor
property machinery equipment vehicles Totals
£    £    £    £    £   
COST
At 1 October 2017 12,365 357,814 17,437 12,417 400,033
Additions - 14,950 4,137 - 19,087
At 30 September 2018 12,365 372,764 21,574 12,417 419,120
DEPRECIATION
At 1 October 2017 495 263,491 13,751 3,104 280,841
Charge for year 247 18,442 1,956 2,329 22,974
At 30 September 2018 742 281,933 15,707 5,433 303,815
NET BOOK VALUE
At 30 September 2018 11,623 90,831 5,867 6,984 115,305
At 30 September 2017 11,870 94,323 3,686 9,313 119,192

TBM PRECISION ENGINEERING LIMITED (REGISTERED NUMBER: 04482956)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 September 2018

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 October 2017
and 30 September 2018 117,709
DEPRECIATION
At 1 October 2017 35,507
Charge for year 11,836
At 30 September 2018 47,343
NET BOOK VALUE
At 30 September 2018 70,366
At 30 September 2017 82,202

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 119,079 98,565

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Bank loans and overdrafts 10,095 -
Hire purchase contracts 24,188 24,188
Trade creditors 27,989 19,965
Tax 17,845 16,027
Social security and other taxes 42,995 40,497
Directors' current accounts 27,045 3,047
Accrued expenses 5,700 10,025
155,857 113,749

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2018 2017
£    £   
Hire purchase contracts 13,562 37,751

8. SECURED DEBTS

The following secured debts are included within creditors:

2018 2017
£    £   
Hire purchase contracts 37,750 61,939

TBM PRECISION ENGINEERING LIMITED (REGISTERED NUMBER: 04482956)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 September 2018

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the company paid rent to the directors Mr & Mrs Mackie of £18,000 (2017 £18,000). The
directors consider this to be a commercial rent for the property.




10. ULTIMATE CONTROLLING PARTY

The company is controlled by the directors Mr & Mrs Mackie. Neither director has overall control.