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REGISTERED NUMBER: 13077057 (England and Wales)


























Financial Statements

for the Period 11 December 2020 to 31 December 2021

for

National Cylinder Testing Ltd

National Cylinder Testing Ltd (Registered number: 13077057)






Contents of the Financial Statements
for the Period 11 December 2020 to 31 December 2021




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


National Cylinder Testing Ltd

Company Information
for the Period 11 December 2020 to 31 December 2021







DIRECTORS: P J Mottram
J H Reilly III





REGISTERED OFFICE: Second Floor
28 Rodney Street
Liverpool
L1 2TQ





REGISTERED NUMBER: 13077057 (England and Wales)





AUDITORS: Z L Y & Co Limited
Chartered Certified Accountants
Statutory Auditors
2nd Floor
28 Rodney Street
Liverpool
L1 2TQ

National Cylinder Testing Ltd (Registered number: 13077057)

Abridged Balance Sheet
31 December 2021

Notes £    £   
FIXED ASSETS
Tangible assets 4 613,233

CURRENT ASSETS
Stocks 2,170
Debtors 2,065
Cash at bank 22,114
26,349
CREDITORS
Amounts falling due within one year 817,527
NET CURRENT LIABILITIES (791,178 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(177,945

)

CAPITAL AND RESERVES
Called up share capital 1
Retained earnings (177,946 )
(177,945 )

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the period ended 31 December 2021 in accordance with Section 444(2A) of the Companies Act 2006.

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 29 April 2022 and were signed on its behalf by:





P J Mottram - Director


National Cylinder Testing Ltd (Registered number: 13077057)

Notes to the Financial Statements
for the Period 11 December 2020 to 31 December 2021

1. STATUTORY INFORMATION

National Cylinder Testing Ltd 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.

The company has total liabilities of £ 177,945 as a result of group undertaking loans. The liability is being supported by the group undertakings and will not be withdrawn until such time as the balances can be recovered. it is therefore considered appropriate to prepare these financial statements on the going concern basis.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is the amount derived from the provision of goods and services, recognised at the point of despatch when the right to consideration has been earned, falling within the company's ordinary activities after deduction of trade discounts and value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 2% on cost
Plant and machinery - 15% on cost
Fixtures and fittings - 20% on cost

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 period 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 period 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.

National Cylinder Testing Ltd (Registered number: 13077057)

Notes to the Financial Statements - continued
for the Period 11 December 2020 to 31 December 2021

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
Additions 651,372
At 31 December 2021 651,372
DEPRECIATION
Charge for period 38,139
At 31 December 2021 38,139
NET BOOK VALUE
At 31 December 2021 613,233

5. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Zoe Yap Lee Chin (Senior Statutory Auditor)
for and on behalf of Z L Y & Co Limited

6. SUBSEQUENT EVENTS

The directors have considered the uncertainty of the ongoing global problem due to the Covid-19 issue and are confident that any risks will be mitigated.

There have been no significant events affecting the company since the financial year end.

7. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of National Refrigerants Ltd, which is the ultimate controlling party.