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Tallot Engineers Limited
Registered Number:01363159
For the year ended 31 March 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2023
Tallot Engineers Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
01363159
As at 31 March 2023
Tallot Engineers Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Intangible assets
38,500
57,750
2
Property, plant and equipment
256,959
193,419
3
295,459
251,169
Current assets
Inventories
66,446
44,927
4
Trade and other receivables
261,428
232,849
5
101,106
Cash and cash equivalents
101,719
379,495
428,980
Trade and other payables: amounts falling due within one
year
(137,953)
(121,527)
6
291,027
257,968
Net current assets
Total assets less current liabilities
553,427
542,196
(38,175)
(25,215)
Provisions for liabilities
515,252
Net assets
516,981
Capital and reserves
Called up share capital
99
99
Retained earnings
515,153
516,882
515,252
516,981
Shareholders' funds
For the year ended 31 March 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 of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Andrew Frost Director
These financial statements were approved and authorised for issue by the Board on 07 November 2023 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 March 2023
Tallot Engineers Limited
Notes to the Financial Statements
Statutory Information
Tallot Engineers Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 01363159.
Registered address:
Station Works
Station Road
Llanfyllin
Powys
SY22 5BQ
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of 20 years.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
15% Straight line
25% Straight line
Motor vehicles
15% Straight line
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the profit and loss account.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
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5
For the year ended 31 March 2023
Tallot Engineers Limited
Notes to the Financial Statements Continued
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 April 2022
385,000
At 31 March 2023
385,000
Amortisation
At 01 April 2022
327,250
19,250
Charge for year
At 31 March 2023
346,500
Net book value
At 31 March 2023
38,500
At 31 March 2022
57,750
3. Property, plant and equipment
Total
Fixtures and
fittings
Motor vehicles
Plant and
machinery
£
£
£
£
Cost or
valuation
At 01 April 2022
2,106,746
38,262
46,860
2,021,624
141,368
483
-
140,885
Additions
At 31 March 2023
2,162,509
46,860
38,745
2,248,114
Provision for depreciation and impairment
At 01 April 2022
1,913,327
34,903
33,424
1,845,000
Charge for year
77,828
946
6,688
70,194
At 31 March 2023
1,991,155
35,849
40,112
1,915,194
At 31 March 2023
Net book value
247,315
6,748
2,896
256,959
At 31 March 2022
176,624
13,436
3,359
193,419
4. Inventories
2022
2023
£
£
Stocks
44,927
66,446
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6
For the year ended 31 March 2023
Tallot Engineers Limited
Notes to the Financial Statements Continued
5. Trade and other receivables
2022
2023
£
£
Trade debtors
231,294
252,850
Prepayments and accrued income
1,555
8,578
261,428
232,849
6. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Trade creditors
21,395
53,925
Taxation and social security
93,505
76,654
Accruals and deferred income
6,173
5,543
Directors' loan accounts
454
1,831
121,527
137,953
7. Average number of persons employed
During the year the average number of employees was 12 (2022 : 12)
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