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REGISTERED NUMBER: 04081744 (England and Wales)




















Unaudited Financial Statements

for the Year Ended 31 March 2023

for

TCI Seating Ltd

TCI Seating Ltd (Registered number: 04081744)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TCI Seating Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mr R T Billinge
Mrs K Billinge





SECRETARY: Mr R T Billinge





REGISTERED OFFICE: 63 Broad Green
Wellingborough
Northamptonshire
NN8 4LQ





REGISTERED NUMBER: 04081744 (England and Wales)





ACCOUNTANTS: Clifford Roberts
Chartered Accountants
63 Broad Green
Wellingborough
Northamptonshire
NN8 4LQ

TCI Seating Ltd (Registered number: 04081744)

Balance Sheet
31 March 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 110,285 1,712

CURRENT ASSETS
Stocks 7,923 8,037
Debtors 5 118,295 46,184
Cash at bank 104,515 256,395
230,733 310,616
CREDITORS
Amounts falling due within one year 6 190,171 158,010
NET CURRENT ASSETS 40,562 152,606
TOTAL ASSETS LESS CURRENT
LIABILITIES

150,847

154,318

PROVISIONS FOR LIABILITIES 153 311
NET ASSETS 150,694 154,007

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings 150,693 154,006
SHAREHOLDERS' FUNDS 150,694 154,007

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

TCI Seating Ltd (Registered number: 04081744)

Balance Sheet - continued
31 March 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 Board of Directors and authorised for issue on 10 October 2023 and were signed on its behalf by:





Mr R T Billinge - Director


TCI Seating Ltd (Registered number: 04081744)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

TCI Seating 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
This is the first period that the Company has presented its financial statements under Section 1A of FRS 102 issued by the Financial Reporting Council. The last financial statements under previous GAAP were for the period 31st Match 2016 and the date of transition to FRS102 was therefore 1st April 2015. There were no changes in the transition from GAAP to Section 1A of FRS 102.

Revenue
Turnover represents net invoices sale of goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 20% on cost
Computer equipment - 20% on cost

Investments in associates
Investments in associate undertakings are recognised at cost.

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.

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.

TCI Seating Ltd (Registered number: 04081744)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Computer
property machinery fittings equipment Totals
£ £ £ £ £
COST
At 1 April 2022 - 3,070 1,634 3,516 8,220
Additions 111,101 - - - 111,101
At 31 March 2023 111,101 3,070 1,634 3,516 119,321
DEPRECIATION
At 1 April 2022 - 2,545 1,221 2,742 6,508
Charge for year 1,622 524 188 194 2,528
At 31 March 2023 1,622 3,069 1,409 2,936 9,036
NET BOOK VALUE
At 31 March 2023 109,479 1 225 580 110,285
At 31 March 2022 - 525 413 774 1,712

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 118,036 45,126
Other debtors 259 1,058
118,295 46,184

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade creditors 45,912 28,215
Taxation and social security 22,854 30,736
Other creditors 121,405 99,059
190,171 158,010

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
1 Ordinary £1 1 1