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REGISTERED NUMBER: 12934025 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 October 2022

for

Tom Mcteague Limited

Tom Mcteague Limited (Registered number: 12934025)






Contents of the Financial Statements
for the Year Ended 31 October 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Tom Mcteague Limited

Company Information
for the Year Ended 31 October 2022







DIRECTOR: M P McTeague





REGISTERED OFFICE: Wyvols Court
Basingstoke Road
Swallowfield
Reading
Berkshire
RG7 1WY





REGISTERED NUMBER: 12934025 (England and Wales)





ACCOUNTANTS: J & C Accountants Ltd
Wyvols Court
Basingstoke Road
Swallowfield
Reading
Berkshire
RG7 1WY

Tom Mcteague Limited (Registered number: 12934025)

Balance Sheet
31 October 2022

31.10.22 31.10.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 138,151 -

CURRENT ASSETS
Debtors 5 53,392 66,725
Cash at bank 56,367 17,300
109,759 84,025
CREDITORS
Amounts falling due within one year 6 94,829 29,492
NET CURRENT ASSETS 14,930 54,533
TOTAL ASSETS LESS CURRENT
LIABILITIES

153,081

54,533

CREDITORS
Amounts falling due after more than
one year

7

(85,583

)

-

PROVISIONS FOR LIABILITIES (6,752 ) -
NET ASSETS 60,746 54,533

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 60,646 54,433
SHAREHOLDERS' FUNDS 60,746 54,533

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2022 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.

Tom Mcteague Limited (Registered number: 12934025)

Balance Sheet - continued
31 October 2022


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 October 2023 and were signed by:





M P McTeague - Director


Tom Mcteague Limited (Registered number: 12934025)

Notes to the Financial Statements
for the Year Ended 31 October 2022

1. STATUTORY INFORMATION

Tom McTeague Limited is a private company, limited by shares, registered in England & Wales. The company's registered number is 12934025. The registered office is Wyvols Court, Basingstoke Road, Swallowfield, Reading, Berkshire, RG7 1WY. The trading address is 109 St Helen's Avenue, Benson, Oxfordshire, OX10 6RU.

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 measure at the fair value of consideration received or receivable, net of discounts, rebates and 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.
Plant and machinery etc - 25% on reducing balance and 20% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Tom Mcteague Limited (Registered number: 12934025)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2022

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2021 - NIL ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 175,679
At 31 October 2022 175,679
DEPRECIATION
Charge for year 37,528
At 31 October 2022 37,528
NET BOOK VALUE
At 31 October 2022 138,151

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.22 31.10.21
£    £   
Trade debtors 53,392 66,725

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.22 31.10.21
£    £   
Hire purchase contracts 36,124 -
Trade creditors 30,488 2,164
Taxation and social security 22,894 26,928
Other creditors 5,323 400
94,829 29,492

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.10.22 31.10.21
£    £   
Hire purchase contracts 75,583 -
Other creditors 10,000 -
85,583 -