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REGISTERED NUMBER: 05882227 (England and Wales)


















TBA ELECTRO CONDUCTIVE PRODUCTS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021






TBA ELECTRO CONDUCTIVE PRODUCTS LIMITED (REGISTERED NUMBER: 05882227)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


TBA ELECTRO CONDUCTIVE PRODUCTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2021







DIRECTORS: B C Smith Esq
M J Lineker Esq





SECRETARY: B C Smith Esq





REGISTERED OFFICE: First Floor Suite
23 Trinity Square
LLANDUDNO
Conwy
LL30 2RH





REGISTERED NUMBER: 05882227 (England and Wales)





ACCOUNTANTS: Hawley and Company
Chartered Accountants & Chartered Tax Advisers
First Floor Suite
23 Trinity Square
LLANDUDNO
North Wales
LL30 2RH

TBA ELECTRO CONDUCTIVE PRODUCTS LIMITED (REGISTERED NUMBER: 05882227)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 25,921 18,614
Investments 5 1,975 -
27,896 18,614

CURRENT ASSETS
Stocks 192,866 179,646
Debtors 6 244,861 194,078
Cash at bank and in hand 15,775 2,806
453,502 376,530
CREDITORS
Amounts falling due within one year 7 324,589 246,693
NET CURRENT ASSETS 128,913 129,837
TOTAL ASSETS LESS CURRENT
LIABILITIES

156,809

148,451

CREDITORS
Amounts falling due after more than one
year

8

(38,910

)

(46,759

)

PROVISIONS FOR LIABILITIES 10 (3,280 ) (1,900 )
NET ASSETS 114,619 99,792

CAPITAL AND RESERVES
Called up share capital 11 2 2
Retained earnings 114,617 99,790
SHAREHOLDERS' FUNDS 114,619 99,792

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 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.

TBA ELECTRO CONDUCTIVE PRODUCTS LIMITED (REGISTERED NUMBER: 05882227)

STATEMENT OF FINANCIAL POSITION - continued
31 DECEMBER 2021


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 14 April 2022 and were signed on its behalf by:





M J Lineker Esq - Director


TBA ELECTRO CONDUCTIVE PRODUCTS LIMITED (REGISTERED NUMBER: 05882227)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

1. STATUTORY INFORMATION

TBA Electro Conductive Products 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.

Revenue recognition
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 etc - 10% and 20% on cost

Government grants
Government grants of a revenue nature are credited to the income statement so as to match the grants with the expenditure items to which they relate.

Investments in subsidiaries
Interests in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

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.

TBA ELECTRO CONDUCTIVE PRODUCTS LIMITED (REGISTERED NUMBER: 05882227)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021

2. ACCOUNTING POLICIES - continued

Foreign currencies
Monetary 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.

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.

Trade and other debtors
Trade and other debtors are initially recognised at their transaction price, less impairment losses for bad and doubtful debts.

Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks and other short-term highly liquid investments with original maturities of 3 months or less.

Trade and other creditors
Trade and other creditors are initially recognised at their transaction price.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2020 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2021 227,811
Additions 13,307
At 31 December 2021 241,118
DEPRECIATION
At 1 January 2021 209,197
Charge for year 6,000
At 31 December 2021 215,197
NET BOOK VALUE
At 31 December 2021 25,921
At 31 December 2020 18,614

TBA ELECTRO CONDUCTIVE PRODUCTS LIMITED (REGISTERED NUMBER: 05882227)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
Additions 1,975
At 31 December 2021 1,975
NET BOOK VALUE
At 31 December 2021 1,975

The company's investments at the Statement of Financial Position date in the share capital of companies include the following:

Euro TBA Protective Technology Solutions India Private Limited
Registered office: India
Nature of business: Wholesale distribution
%
Class of shares: holding
Ordinary 100.00

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 122,956 91,802
Amounts owed by group undertakings 10,231 -
Other debtors 73,249 36,523
Prepayments 38,425 65,753
244,861 194,078

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Bank loans and overdrafts 10,000 3,241
Hire purchase contracts (see note 9) 3,557 -
Trade creditors 158,939 126,474
Social security and other taxes 20,715 26,601
Other creditors 118,271 65,726
Directors' current accounts - 14,251
Accruals 13,107 10,400
324,589 246,693

Other creditors includes £83,607 payable to Bibby Invoice Discounting Limited (2020: £55,228). This amount is secured by a fixed charge on the book debts of the company, together with a floating charge on other assets.

TBA ELECTRO CONDUCTIVE PRODUCTS LIMITED (REGISTERED NUMBER: 05882227)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2021 2020
£    £   
Bank loan 34,167 46,759
Hire purchase contracts (see note 9) 4,743 -
38,910 46,759

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2021 2020
£    £   
Net obligations repayable:
Within one year 3,557 -
Between one and five years 4,743 -
8,300 -

Non-cancellable operating leases
2021 2020
£    £   
Between one and five years 11,525 -

10. PROVISIONS FOR LIABILITIES
2021 2020
£    £   
Deferred tax 3,280 1,900

Deferred
tax
£   
Balance at 1 January 2021 1,900
Accelerated capital allowances 1,380
Balance at 31 December 2021 3,280

11. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2021 2020
value: £    £   
2 Ordinary £1 2 2