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REGISTERED NUMBER: 02742166 (England and Wales)














Financial Statements for the Year Ended 31 May 2022

for

Tilbury Asphalt (Holdings) Limited

Tilbury Asphalt (Holdings) Limited (Registered number: 02742166)






Contents of the Financial Statements
for the Year Ended 31 May 2022




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Tilbury Asphalt (Holdings) Limited

Company Information
for the Year Ended 31 May 2022







DIRECTORS: Mrs C Amos
Mr J D Brookes





REGISTERED OFFICE: Tilbury House
Barlow Way
Rainham
Essex
RM13 8UF





REGISTERED NUMBER: 02742166 (England and Wales)





ACCOUNTANTS: Nordens
The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY

Tilbury Asphalt (Holdings) Limited (Registered number: 02742166)

Statement of Financial Position
31 May 2022

31.5.22 31.5.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 373,767 376,189
Investments 5 3 3
373,770 376,192

CURRENT ASSETS
Debtors 6 260,739 264,310
Cash at bank 114,339 105,883
375,078 370,193
CREDITORS
Amounts falling due within one year 7 111,039 113,182
NET CURRENT ASSETS 264,039 257,011
TOTAL ASSETS LESS CURRENT LIABILITIES 637,809 633,203

CAPITAL AND RESERVES
Called up share capital 152 152
Retained earnings 637,657 633,051
637,809 633,203

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2022 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.

Tilbury Asphalt (Holdings) Limited (Registered number: 02742166)

Statement of Financial Position - continued
31 May 2022


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 Board of Directors and authorised for issue on 31 August 2022 and were signed on its behalf by:





Mrs C Amos - Director


Tilbury Asphalt (Holdings) Limited (Registered number: 02742166)

Notes to the Financial Statements
for the Year Ended 31 May 2022

1. STATUTORY INFORMATION

Tilbury Asphalt (Holdings) 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.

Turnover represents the amounts (excluding value added tax) derived from the provision of services to customers during the year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Buildings - 2% on cost
Fixtures and fittings - 15% on reducing balance

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Tilbury Asphalt (Holdings) Limited (Registered number: 02742166)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2022

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2021 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property Buildings fittings Totals
£    £    £    £   
COST
At 1 June 2021
and 31 May 2022 262,000 141,205 31,733 434,938
DEPRECIATION
At 1 June 2021 - 27,350 31,399 58,749
Charge for year - 2,372 50 2,422
At 31 May 2022 - 29,722 31,449 61,171
NET BOOK VALUE
At 31 May 2022 262,000 111,483 284 373,767
At 31 May 2021 262,000 113,855 334 376,189

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 June 2021
and 31 May 2022 3
NET BOOK VALUE
At 31 May 2022 3
At 31 May 2021 3

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.22 31.5.21
£    £   
Amounts owed by group undertakings 260,739 264,310

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.22 31.5.21
£    £   
Trade creditors 7,264 17,233
Taxation and social security 82,977 75,010
Other creditors 20,798 20,939
111,039 113,182

Tilbury Asphalt (Holdings) Limited (Registered number: 02742166)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2022

8. RELATED PARTY DISCLOSURES

The director, Mrs C Amos, is considered to be the key management personnel.