Registered number
11937763
TC2 - Technical Consultancy Limited
Report and Accounts
31 August 2023
TC2 - Technical Consultancy Limited
Registered number: 11937763
Balance Sheet
as at 31 August 2023
31st August 31st August
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 1,003 1,422
Current assets
Debtors 4 66 4,956
Cash at bank and in hand 857 7,772
923 12,728
Creditors: amounts falling due within one year 5 (76,454) (46,533)
Net current liabilities (75,531) (33,805)
Total assets less current liabilities (74,528) (32,383)
Creditors: amounts falling due after more than one year 6 (22,430) (25,983)
Net liabilities (96,958) (58,366)
Capital and reserves
Called up share capital 100 100
Profit and loss account (97,058) (58,466)
Shareholders' funds (96,958) (58,366)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr M Shackleton
Director
Approved by the board on 24 October 2023
TC2 - Technical Consultancy Limited
Notes to the Accounts
for the year ended 31 August 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods and services are recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 20% reducing balance and 5% straight line
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
31st August 31st August
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery
£
Cost
At 1 September 2022 3,250
Additions 231
At 31 August 2023 3,481
Depreciation
At 1 September 2022 1,828
Charge for the year 650
At 31 August 2023 2,478
Net book value
At 31 August 2023 1,003
At 31 August 2022 1,422
31st August 31st August
4 Debtors 2023 2022
£ £
Trade debtors - 4,206
Other debtors 66 750
66 4,956
5 Creditors: amounts falling due within one year
Bank loan 3,816 3,816
Director's loan account 72,481 41,379
Other taxation and social security costs 157 1,338
76,454 46,533
31st August 31st August
2023 2022
6 Creditors: amounts falling due after one year £ £
Bank loan 22,430 25,983
7 Related party transactions
Mr M Shackleton
Director
Monies loaned to the company at year end 72,481 41,379
8 Other information
TC2 - Technical Consultancy Limited is a private company limited by shares and incorporated in England. The registered office is:
Downs Court
29 The Downs
Altrincham
Cheshire
WA14 2QD
TC2 - Technical Consultancy Limited 11937763 false 2022-09-01 2023-08-31 2023-08-31 VT Final Accounts October 2023 Mr M Shackleton No description of principal activity 11937763 2021-09-01 2022-08-31 11937763 core:WithinOneYear 2022-08-31 11937763 core:AfterOneYear 2022-08-31 11937763 core:ShareCapital 2022-08-31 11937763 core:RetainedEarningsAccumulatedLosses 2022-08-31 11937763 2022-09-01 2023-08-31 11937763 bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 11937763 bus:AuditExemptWithAccountantsReport 2022-09-01 2023-08-31 11937763 bus:Director40 2022-09-01 2023-08-31 11937763 1 2022-09-01 2023-08-31 11937763 2 2022-09-01 2023-08-31 11937763 core:PlantMachinery 2022-09-01 2023-08-31 11937763 countries:England 2022-09-01 2023-08-31 11937763 bus:FRS102 2022-09-01 2023-08-31 11937763 bus:FullAccounts 2022-09-01 2023-08-31 11937763 2023-08-31 11937763 core:WithinOneYear 2023-08-31 11937763 core:AfterOneYear 2023-08-31 11937763 core:ShareCapital 2023-08-31 11937763 core:RetainedEarningsAccumulatedLosses 2023-08-31 11937763 core:PlantMachinery 2023-08-31 11937763 2022-08-31 11937763 core:PlantMachinery 2022-08-31 iso4217:GBP xbrli:pure