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REGISTERED NUMBER: 07123017 (England and Wales)


















Unaudited Financial Statements for the Year Ended 30 April 2023

for

Tess Electrical Mechanical Ltd

Tess Electrical Mechanical Ltd (Registered number: 07123017)






Contents of the Financial Statements
for the Year Ended 30 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Tess Electrical Mechanical Ltd

Company Information
for the Year Ended 30 April 2023







DIRECTOR: Mr S R Thompson





REGISTERED OFFICE: 1 Mill Hill Road
Eaton Ford
St Neots
Cambridgeshire
PE19 7AG





REGISTERED NUMBER: 07123017 (England and Wales)





ACCOUNTANTS: George Hay Partnership LLP
Chartered Accountants
St George's House
George Street
Huntingdon
Cambridgeshire
PE29 3GH

Tess Electrical Mechanical Ltd (Registered number: 07123017)

Balance Sheet
30 April 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 31,827 17,154

CURRENT ASSETS
Stocks 58,899 25,408
Debtors 5 559,348 444,937
Cash at bank 255,499 302,349
873,746 772,694
CREDITORS
Amounts falling due within one year 6 397,684 436,395
NET CURRENT ASSETS 476,062 336,299
TOTAL ASSETS LESS CURRENT
LIABILITIES

507,889

353,453

CREDITORS
Amounts falling due after more than one
year

7

(23,289

)

(33,226

)

PROVISIONS FOR LIABILITIES (7,957 ) (3,136 )
NET ASSETS 476,643 317,091

CAPITAL AND RESERVES
Called up share capital 22 22
Retained earnings 476,621 317,069
476,643 317,091

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

Tess Electrical Mechanical Ltd (Registered number: 07123017)

Balance Sheet - continued
30 April 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 3 October 2023 and were signed by:





Mr S R Thompson - Director


Tess Electrical Mechanical Ltd (Registered number: 07123017)

Notes to the Financial Statements
for the Year Ended 30 April 2023

1. STATUTORY INFORMATION

Tess Electrical Mechanical Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is achieved on the sale of mechanical and electronic components. It is measured at the fair value of consideration received or receivable, excluding discounts, rebates, VAT and other sales taxes.

Turnover of the sale of mechanical and electronic components is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on delivery of the goods.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Tess Electrical Mechanical Ltd (Registered number: 07123017)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2022 51,342
Additions 19,684
At 30 April 2023 71,026
DEPRECIATION
At 1 May 2022 34,188
Charge for year 5,011
At 30 April 2023 39,199
NET BOOK VALUE
At 30 April 2023 31,827
At 30 April 2022 17,154

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 529,869 444,937
Other debtors 29,479 -
559,348 444,937

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 9,936 9,681
Trade creditors 268,669 333,870
Taxation and social security 95,946 78,860
Other creditors 23,133 13,984
397,684 436,395

Tess Electrical Mechanical Ltd (Registered number: 07123017)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 23,289 33,226

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2023 and 30 April 2022:

2023 2022
£    £   
Mr S R Thompson
Balance outstanding at start of year (391 ) 527
Amounts advanced 33,000 2,002
Amounts repaid (3,130 ) (2,920 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 29,479 (391 )