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Company Registration No. 08579075 (England and Wales)
TC Traction Limited Unaudited accounts for the year ended 31 March 2023
TC Traction Limited Unaudited accounts Contents
Page
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TC Traction Limited Company Information for the year ended 31 March 2023
Directors
Mr. K Pringle Mr. David John Sheldon
Company Number
08579075 (England and Wales)
Registered Office
12 Sandy Lane Fair Oak Eastleigh SO50 8EQ England
Accountants
Premier UK Business LLP Lyndum House 12 High street Petersfield United Kingdom GU32 3JG
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TC Traction Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
33,079 
25,602 
Current assets
Debtors
13,612 
11,873 
Cash at bank and in hand
129,878 
147,572 
143,490 
159,445 
Creditors: amounts falling due within one year
(52,528)
(57,645)
Net current assets
90,962 
101,800 
Total assets less current liabilities
124,041 
127,402 
Creditors: amounts falling due after more than one year
(9,784)
(12,750)
Provisions for liabilities
Deferred tax
(6,616)
(5,120)
Net assets
107,641 
109,532 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
107,541 
109,432 
Shareholders' funds
107,641 
109,532 
For the year ending 31 March 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 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 8 October 2023 and were signed on its behalf by
Mr. K Pringle Director Company Registration No. 08579075
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TC Traction Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
TC Traction Limited is a private company, limited by shares, registered in England and Wales, registration number 08579075. The registered office is 12 Sandy Lane, Fair Oak, Eastleigh, SO50 8EQ, 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.
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:
Motor vehicles
12.5% - 25%
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2022
7,049 
84,250 
91,299 
Additions
22,750 
- 
22,750 
At 31 March 2023
29,799 
84,250 
114,049 
Depreciation
At 1 April 2022
1,410 
64,287 
65,697 
Charge for the year
5,960 
9,313 
15,273 
At 31 March 2023
7,370 
73,600 
80,970 
Net book value
At 31 March 2023
22,429 
10,650 
33,079 
At 31 March 2022
5,639 
19,963 
25,602 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
13,612 
11,873 
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TC Traction Limited Notes to the Accounts for the year ended 31 March 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
3,017 
4,340 
Other creditors
49,511 
53,305 
52,528 
57,645 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
9,784 
12,750 
8
Transactions with related parties
At the year end date, the directors were owed the following balances from the company. This amount was unsecured, interest free and repayable on demand. D Sheldon - £1,443 Kevin Pringle - £47,319
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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