1 February 2022 false No description of principal activity Taxfiler 2023.9.1 06764389business:PrivateLimitedCompanyLtd2022-02-012023-01-31 067643892022-01-31 067643892022-02-012023-01-31 06764389business:AuditExempt-NoAccountantsReport2022-02-012023-01-31 06764389business:FilletedAccounts2022-02-012023-01-31 067643892023-01-31 06764389business:Director12022-02-012023-01-31 06764389business:Director22022-02-012023-01-31 06764389business:RegisteredOffice2022-02-012023-01-31 067643892022-01-31 06764389core:WithinOneYear2023-01-31 06764389core:WithinOneYear2022-01-31 06764389core:AfterOneYear2023-01-31 06764389core:AfterOneYear2022-01-31 06764389core:ShareCapitalcore:PreviouslyStatedAmount2023-01-31 06764389core:ShareCapitalcore:PreviouslyStatedAmount2022-01-31 06764389core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-01-31 06764389core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-01-31 06764389core:PreviouslyStatedAmount2023-01-31 06764389core:PreviouslyStatedAmount2022-01-31 06764389business:SmallEntities2022-02-012023-01-31 06764389countries:EnglandWales2022-02-012023-01-31 06764389core:PlantMachinery2022-02-012023-01-31 06764389core:PlantMachinery2022-01-31 06764389core:PlantMachinery2023-01-31 067643892021-02-012022-01-31 iso4217:GBP xbrli:pure
Company Registration No. 06764389 (England and Wales)
TYNESIDE FABRICATION LIMITED Unaudited accounts for the year ended 31 January 2023
TYNESIDE FABRICATION LIMITED Unaudited accounts Contents
Page
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TYNESIDE FABRICATION LIMITED Company Information for the year ended 31 January 2023
Directors
D Peel S Gallagher
Company Number
06764389 (England and Wales)
Registered Office
39 Bedesway Bede Trading Estate Jarrow NE32 3EG
Accountants
Abacus Jack Ltd New Century House Crowther Road Washington Tyne and Wear NE38 0QA
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TYNESIDE FABRICATION LIMITED Statement of financial position as at 31 January 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
131,368 
168,708 
Current assets
Inventories
1,500 
1,500 
Debtors
47,422 
49,858 
Cash at bank and in hand
711,799 
225,636 
760,721 
276,994 
Creditors: amounts falling due within one year
(190,573)
(110,828)
Net current assets
570,148 
166,166 
Total assets less current liabilities
701,516 
334,874 
Creditors: amounts falling due after more than one year
(39,228)
(25,978)
Net assets
662,288 
308,896 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
662,188 
308,796 
Shareholders' funds
662,288 
308,896 
For the year ending 31 January 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 23 October 2023 and were signed on its behalf by
S Gallagher Director Company Registration No. 06764389
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TYNESIDE FABRICATION LIMITED Notes to the Accounts for the year ended 31 January 2023
1
Statutory information
TYNESIDE FABRICATION LIMITED is a private company, limited by shares, registered in England and Wales, registration number 06764389. The registered office is 39 Bedesway, Bede Trading Estate, Jarrow, NE32 3EG.
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.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
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:
Plant & machinery
15% Reducing Balance
Inventories
Stocks have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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TYNESIDE FABRICATION LIMITED Notes to the Accounts for the year ended 31 January 2023
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 February 2022
357,849 
Disposals
(13,375)
At 31 January 2023
344,474 
Depreciation
At 1 February 2022
189,141 
Charge for the year
25,306 
On disposals
(1,341)
At 31 January 2023
213,106 
Net book value
At 31 January 2023
131,368 
At 31 January 2022
168,708 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
47,422 
49,858 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
15,052 
22,164 
Trade creditors
27,997 
45,254 
Taxes and social security
130,670 
37,712 
Other creditors
16,089 
1,198 
Accruals
765 
4,500 
190,573 
110,828 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Other creditors
39,228 
24,412 
Loans from directors
- 
1,566 
39,228 
25,978 
8
Average number of employees
During the year the average number of employees was 4 (2022: 5).
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