2022-03-01 05035136 2023-02-28 05035136 2022-03-01 2023-02-28 05035136 2022-02-28 05035136 2021-03-01 2022-02-28 05035136 uk-core:WithinOneYear 2022-02-28 05035136 uk-core:WithinOneYear 2023-02-28 05035136 uk-core:ShareCapital 2023-02-28 05035136 uk-core:ShareCapital 2022-02-28 05035136 uk-core:RetainedEarningsAccumulatedLosses 2023-02-28 05035136 uk-core:RetainedEarningsAccumulatedLosses 2022-02-28 05035136 uk-bus:Director1 2022-03-01 2023-02-28 05035136 uk-bus:Director2 2022-03-01 2023-02-28 05035136 uk-core:ToolsEquipment 2022-03-01 2023-02-28 05035136 uk-core:MotorVehicles 2022-03-01 2023-02-28 05035136 uk-core:ToolsEquipment 2022-02-28 05035136 uk-core:MotorVehicles 2022-02-28 05035136 uk-core:MotorVehicles 2023-02-28 05035136 uk-core:ToolsEquipment 2023-02-28 05035136 uk-core:WithinOneYear 2023-02-28 05035136 uk-core:WithinOneYear 2022-02-28 iso4217:GBP xbrli:pure 05035136 uk-bus:AuditExempt-NoAccountantsReport 2022-03-01 2023-02-28 05035136 uk-bus:FRS102 2022-03-01 2023-02-28 05035136 uk-bus:FullAccounts 2022-03-01 2023-02-28 05035136 uk-bus:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28
Touch Mechanics Limited
Registered Number:05035136
For the year ended 28 February 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 28 February 2023
Touch Mechanics Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
05035136
As at 28 February 2023
Touch Mechanics Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
66,607
87,432
2
66,607
87,432
Current assets
Trade and other receivables
212,609
214,016
3
268,218
Cash and cash equivalents
291,706
505,722
480,827
Trade and other payables: amounts falling due within one
year
(29,742)
(26,470)
4
451,085
479,252
Net current assets
Total assets less current liabilities
545,859
538,517
545,859
Net assets
538,517
Capital and reserves
Called up share capital
100
100
Retained earnings
545,759
538,417
545,859
538,517
Shareholders' funds
For the year ended 28 February 2023 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 of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Carl Crossley Director
Grant Crossley Director
These financial statements were approved and authorised for issue by the Board on 09 October 2023 and were signed by:
The notes form part of these financial statements
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4
For the year ended 28 February 2023
Touch Mechanics Limited
Notes to the Financial Statements
Statutory Information
Touch Mechanics Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 05035136.
Registered address:
Room 5, Graphic House
Druid Street
Hinckley
Leicestershire
LE10 1QH
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover represents amounts receivable for services. Amounts receivable for services performed over time are based upon the stage of completion of the services performed.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
25% Reducing balance
Computer equipment
25% Reducing balance
Motor vehicles
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.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.
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5
For the year ended 28 February 2023
Touch Mechanics Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
equipment
Motor vehicles
£
£
£
Cost or
valuation
At 01 March 2022
139,577
37,597
101,980
1,377
1,377
-
Additions
At 28 February 2023
101,980
38,974
140,954
Provision for depreciation and impairment
At 01 March 2022
52,145
26,650
25,495
Charge for year
22,202
3,081
19,121
At 28 February 2023
74,347
29,731
44,616
At 28 February 2023
Net book value
57,364
9,243
66,607
At 28 February 2022
76,485
10,947
87,432
3. Trade and other receivables
2022
2023
£
£
Amounts owed by group undertakings and participating interests
205,000
205,000
Other debtors
9,016
7,609
212,609
214,016
4. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Bank loans and overdraft
3,422
3,416
Taxation and social security
19,885
9,076
Other creditors
3,163
17,250
26,470
29,742
5. Average number of persons employed
During the year the average number of employees was 5 (2022 : 5)
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