1 January 2021 false No description of principal activity Taxfiler 2022.8.3 2059522business:PrivateLimitedCompanyLtd2021-01-012021-12-31 20595222020-12-31 20595222021-01-012021-12-31 2059522business:AuditExemptWithAccountantsReport2021-01-012021-12-31 2059522business:FullAccounts2021-01-012021-12-31 20595222021-12-31 2059522business:Director12021-01-012021-12-31 2059522business:CompanySecretary12021-01-012021-12-31 2059522business:RegisteredOffice2021-01-012021-12-31 20595222020-12-31 2059522core:WithinOneYear2021-12-31 2059522core:WithinOneYear2020-12-31 2059522core:ShareCapital2021-12-31 2059522core:ShareCapital2020-12-31 2059522core:RetainedEarningsAccumulatedLosses2021-12-31 2059522core:RetainedEarningsAccumulatedLosses2020-12-31 2059522business:SmallEntities2021-01-012021-12-31 2059522countries:EnglandWales2021-01-012021-12-31 2059522core:PlantMachinery2021-01-012021-12-31 2059522core:MotorVehicles2021-01-012021-12-31 2059522core:FurnitureFittings2021-01-012021-12-31 2059522core:ComputerEquipment2021-01-012021-12-31 2059522core:PlantMachinery2020-12-31 2059522core:MotorVehicles2020-12-31 2059522core:FurnitureFittings2020-12-31 2059522core:ComputerEquipment2020-12-31 2059522core:PlantMachinery2021-12-31 2059522core:MotorVehicles2021-12-31 2059522core:FurnitureFittings2021-12-31 2059522core:ComputerEquipment2021-12-31 20595222020-01-012020-12-31 iso4217:GBP xbrli:pure
Company Registration No. 2059522 (England and Wales)
Test Valley Products Limited Unaudited accounts for the year ended 31 December 2021
Test Valley Products Limited Unaudited accounts Contents
Page
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Test Valley Products Limited Company Information for the year ended 31 December 2021
Director
S Harding
Secretary
Mrs J Harding
Company Number
2059522 (England and Wales)
Registered Office
5 Horseshoe Drive Romsey Hampshire SO51 7TP
Accountants
Silvasmiths Limited 5 Horseshoe Drive Romsey Hampshire SO51 7TP
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Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Test Valley Products Limited for the year ended 31 December 2021
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Test Valley Products Limited for the year ended 31 December 2021 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
Our work has been undertaken in accordance with AAF 7/16 as detailed at icaew.com/compilation.
Silvasmiths Limited Chartered Accountants 5 Horseshoe Drive Romsey Hampshire SO51 7TP 5 September 2022
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Test Valley Products Limited Statement of financial position as at 31 December 2021
2021 
2020 
Notes
£ 
£ 
Fixed assets
Tangible assets
9,105 
11,849 
Current assets
Inventories
7,800 
8,500 
Debtors
43,955 
39,231 
Cash at bank and in hand
34,135 
26,738 
85,890 
74,469 
Creditors: amounts falling due within one year
(45,380)
(52,724)
Net current assets
40,510 
21,745 
Net assets
49,615 
33,594 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
49,515 
33,494 
Shareholders' funds
49,615 
33,594 
For the year ending 31 December 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 5 September 2022 and were signed on its behalf by
S Harding Director Company Registration No. 2059522
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Test Valley Products Limited Notes to the Accounts for the year ended 31 December 2021
1
Statutory information
Test Valley Products Limited is a private company, limited by shares, registered in England and Wales, registration number 2059522. The registered office is 5 Horseshoe Drive, Romsey, Hampshire, SO51 7TP.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance basis
Motor vehicles
25% reducing balance basis
Fixtures & fittings
15% reducing balance basis
Computer equipment
15% reducing balance basis
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 January 2021
1,565 
21,754 
1,145 
2,443 
26,907 
At 31 December 2021
1,565 
21,754 
1,145 
2,443 
26,907 
Depreciation
At 1 January 2021
1,069 
12,576 
548 
865 
15,058 
Charge for the year
124 
2,294 
90 
236 
2,744 
At 31 December 2021
1,193 
14,870 
638 
1,101 
17,802 
Net book value
At 31 December 2021
372 
6,884 
507 
1,342 
9,105 
At 31 December 2020
496 
9,178 
597 
1,578 
11,849 
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Test Valley Products Limited Notes to the Accounts for the year ended 31 December 2021
5
Debtors: amounts falling due within one year
2021 
2020 
£ 
£ 
Trade debtors
34,747 
32,321 
Other debtors
9,208 
6,910 
43,955 
39,231 
6
Creditors: amounts falling due within one year
2021 
2020 
£ 
£ 
VAT
- 
6,309 
Trade creditors
21,015 
26,936 
Taxes and social security
17,662 
11,267 
Other creditors
- 
3,106 
Loans from directors
4,684 
3,407 
Accruals
2,019 
1,699 
45,380 
52,724 
7
Average number of employees
During the year the average number of employees was 2 (2020: 2).
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