Tonic Engineering Services Ltd. |
Registered Number:06532929 |
For the year ended 31 March 2023
England and Wales
Unaudited Financial Statements
For the year ended 31 March 2023
Tonic Engineering Services Ltd.
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
Tonic Engineering Services Ltd.
Statement of Financial Position
2022
2023
Property, plant and equipment |
6,127
8,167
2
6,127
8,167
Trade and other receivables |
73,709
75,700
3
75,700
73,709
Trade and other payables: amounts falling due within one |
year |
(83,030)
(87,640)
4
(9,321)
(11,940)
Net current liabilities
Total assets less current liabilities |
(5,813)
(1,154)
Trade and other payables: amounts falling due after more |
than one year |
(5,533)
(2,424)
5
(8,237)
Net liabilities
(6,687)
100
100
(8,337)
(6,787)
(8,237)
(6,687)
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. |
Mr. A.E.J. Oldfield Director |
These financial statements were approved and authorised for issue by the Board on 30 August 2023 and were signed by: |
The notes form part of these financial statements |
1 of 4
For the year ended 31 March 2023
Tonic Engineering Services Ltd.
Notes to the Financial Statements
Statutory Information
Tonic Engineering Services Ltd. is a private limited company, limited by shares, domiciled in England and Wales, |
registration number 06532929. |
Principal place of business: |
Unit 2, Lynwood Court
Cater Road
Bishopsworth
Bristol
BS13 7TT
33 Hopps Road
Kingswood
Bristol
BS15 9QQ
The presentation currency is £ sterling. |
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. |
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
Motor vehicles
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred. |
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
2 of 4
For the year ended 31 March 2023
Tonic Engineering Services Ltd.
Notes to the Financial Statements Continued
2. Property, plant and equipment |
Motor vehicles
36,776
35,173
1,603
1,603
35,173
36,776
Provision for depreciation and impairment |
28,609
27,185
1,424
Charge for year
2,040
1,996
44
30,649
29,181
1,468
135
5,992
6,127
179
7,988
8,167
3. Trade and other receivables |
2022
2023
9,339
7,798
66,361
65,911
73,709
75,700
4. Trade and other payables: amounts falling due within one year |
2022
2023
Bank loans and overdraft (secured) |
3,584
3,584
7,199
3,498
7,052
-
Taxation and social security |
7,688
11,486
62,117
64,462
87,640
83,030
5. Trade and other payables: amounts falling due after more than one year |
2022
2023
Bank loans and overdraft (secured) |
2,424
5,533
3 of 4
For the year ended 31 March 2023
Tonic Engineering Services Ltd.
Notes to the Financial Statements Continued
6. Average number of persons employed |
During the year the average number of employees was 4 (2022 : 4)
4 of 4