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
Test Valley Products Limited
Company Information
for the year ended 31 December 2021
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
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
Test Valley Products Limited
Statement of financial position
as at 31 December 2021
Tangible assets
9,105
11,849
Cash at bank and in hand
34,135
26,738
Creditors: amounts falling due within one year
(45,380)
(52,724)
Net current assets
40,510
21,745
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
Test Valley Products Limited
Notes to the Accounts
for the year ended 31 December 2021
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
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
At 31 December 2021
372
6,884
507
1,342
9,105
At 31 December 2020
496
9,178
597
1,578
11,849
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
6
Creditors: amounts falling due within one year
2021
2020
Trade creditors
21,015
26,936
Taxes and social security
17,662
11,267
Loans from directors
4,684
3,407
7
Average number of employees
During the year the average number of employees was 2 (2020: 2).