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REGISTERED NUMBER: 01232637 (England and Wales)









FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

TEST PLUGS LIMITED

TEST PLUGS LIMITED (REGISTERED NUMBER: 01232637)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TEST PLUGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: M G Dereve





REGISTERED OFFICE: Unit 4c
Woodhall Business Park
Sudbury
Suffolk
CO10 1WH





REGISTERED NUMBER: 01232637 (England and Wales)





ACCOUNTANTS: B W Whiffin & Co Ltd
PO Box 13010
Halstead
Essex
CO9 9BP

TEST PLUGS LIMITED (REGISTERED NUMBER: 01232637)

BALANCE SHEET
31 MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,948 6,686
Investments 5 2 2
4,950 6,688

CURRENT ASSETS
Stocks 155,505 182,056
Debtors 6 116,030 70,012
Cash at bank 274,843 338,124
546,378 590,192
CREDITORS
Amounts falling due within one year 7 50,270 72,753
NET CURRENT ASSETS 496,108 517,439
TOTAL ASSETS LESS CURRENT
LIABILITIES

501,058

524,127

PROVISIONS FOR LIABILITIES 1,600 1,270
NET ASSETS 499,458 522,857

CAPITAL AND RESERVES
Called up share capital 1,100 1,100
Retained earnings 498,358 521,757
SHAREHOLDERS' FUNDS 499,458 522,857

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

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 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.

TEST PLUGS LIMITED (REGISTERED NUMBER: 01232637)

BALANCE SHEET - continued
31 MARCH 2023


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 16 November 2023 and were signed by:





M G Dereve - Director


TEST PLUGS LIMITED (REGISTERED NUMBER: 01232637)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Test Plugs Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 10% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022
and 31 March 2023 33,326
DEPRECIATION
At 1 April 2022 26,640
Charge for year 1,738
At 31 March 2023 28,378
NET BOOK VALUE
At 31 March 2023 4,948
At 31 March 2022 6,686

TEST PLUGS LIMITED (REGISTERED NUMBER: 01232637)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2022
and 31 March 2023 2
NET BOOK VALUE
At 31 March 2023 2
At 31 March 2022 2

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 116,030 70,012

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 5,850 40,472
Taxation and social security 41,920 29,781
Other creditors 2,500 2,500
50,270 72,753

8. ULTIMATE CONTROLLING PARTY

The controlling party is M G Dereve.