Company Registration No. 08324900 (England and Wales)
SHEFFIELD TANK AND DRUM COMPANY LIMITED
Unaudited accounts
for the year ended 31 December 2022
SHEFFIELD TANK AND DRUM COMPANY LIMITED
Unaudited accounts
Contents
SHEFFIELD TANK AND DRUM COMPANY LIMITED
Company Information
for the year ended 31 December 2022
Directors
Alessio Tornese
Emilio Tornese
Mario Tornese
Nico Tornese
Riccardo Tornese
Company Number
08324900 (England and Wales)
Registered Office
UNIT 5, ECCLESFIELD 35 INDUSTRIAL ESTATE
ECCLESFIELD
SHEFFIELD
S35 9YR
ENGLAND
SHEFFIELD TANK AND DRUM COMPANY LIMITED
Statement of financial position
as at 31 December 2022
Tangible assets
3,137,219
3,097,050
Inventories
21,408
104,820
Cash at bank and in hand
1,414,777
860,102
Creditors: amounts falling due within one year
(1,279,771)
(1,015,779)
Net current assets
1,138,770
950,794
Total assets less current liabilities
4,275,989
4,047,844
Creditors: amounts falling due after more than one year
(1,389,464)
(1,484,173)
Provisions for liabilities
Net assets
2,792,907
2,563,671
Called up share capital
1
1
Profit and loss account
2,792,906
2,563,670
Shareholders' funds
2,792,907
2,563,671
For the year ending 31 December 2022 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 directors acknowledge their 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 of Directors and authorised for issue on 29 September 2023 and were signed on its behalf by
Mario Tornese
Director
Company Registration No. 08324900
SHEFFIELD TANK AND DRUM COMPANY LIMITED
Notes to the Accounts
for the year ended 31 December 2022
SHEFFIELD TANK AND DRUM COMPANY LIMITED is a private company, limited by shares, registered in England and Wales, registration number 08324900. The registered office is UNIT 5, ECCLESFIELD 35 INDUSTRIAL ESTATE, ECCLESFIELD, SHEFFIELD, S35 9YR, ENGLAND.
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:
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 January 2022
2,711,683
566,087
427,769
3,231
3,708,770
Additions
-
95,201
98,817
-
194,018
Disposals
-
(25,000)
-
-
(25,000)
At 31 December 2022
2,711,683
636,288
526,586
3,231
3,877,788
At 1 January 2022
-
364,312
245,995
1,413
611,720
Charge for the year
-
(16,000)
70,148
455
54,603
On disposals
-
74,246
-
-
74,246
At 31 December 2022
-
422,558
316,143
1,868
740,569
At 31 December 2022
2,711,683
213,730
210,443
1,363
3,137,219
At 31 December 2021
2,711,683
201,775
181,774
1,818
3,097,050
SHEFFIELD TANK AND DRUM COMPANY LIMITED
Notes to the Accounts
for the year ended 31 December 2022
Amounts falling due within one year
Trade debtors
982,356
1,001,651
6
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
101,805
101,805
Trade creditors
615,086
519,961
Taxes and social security
87,335
76,169
Other creditors
215,118
130,895
Loans from directors
108,789
58,489
7
Creditors: amounts falling due after more than one year
2022
2021
Bank loans
1,389,464
1,484,173
8
Average number of employees
During the year the average number of employees was 24 (2021: 21).