Company Registration No. 11183824 (England and Wales)
T.S.G. Machinery Limited
Unaudited accounts
for the year ended 28 February 2023
T.S.G. Machinery Limited
Unaudited accounts
Contents
T.S.G. Machinery Limited
Company Information
for the year ended 28 February 2023
Directors
T A Gorton
T S Gorton
Company Number
11183824 (England and Wales)
Registered Office
Unit 2 Intack Farm
Carnforth
Lancashire
LA6 1HB
United Kingdom
T.S.G. Machinery Limited
Statement of financial position
as at 28 February 2023
Tangible assets
20,735
23,368
Inventories
260,000
138,255
Cash at bank and in hand
(15,521)
70,118
Creditors: amounts falling due within one year
(91,185)
(97,983)
Net current assets
377,885
146,692
Total assets less current liabilities
398,620
170,060
Creditors: amounts falling due after more than one year
(13,742)
(21,497)
Net assets
384,878
148,563
Called up share capital
100
100
Profit and loss account
384,778
148,463
Shareholders' funds
384,878
148,563
For the year ending 28 February 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 21 March 2023 and were signed on its behalf by
T A Gorton
Director
Company Registration No. 11183824
T.S.G. Machinery Limited
Notes to the Accounts
for the year ended 28 February 2023
T.S.G. Machinery Limited is a private company, limited by shares, registered in England and Wales, registration number 11183824. The registered office is Unit 2 Intack Farm, Carnforth, Lancashire, LA6 1HB, United Kingdom.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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
@ 25% RB
Computer equipment
@ 40% RB
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 March 2022
11,069
19,133
984
31,186
At 28 February 2023
15,299
19,133
984
35,416
At 1 March 2022
2,767
4,658
393
7,818
Charge for the year
3,133
3,494
236
6,863
At 28 February 2023
5,900
8,152
629
14,681
At 28 February 2023
9,399
10,981
355
20,735
At 28 February 2022
8,302
14,475
591
23,368
Amounts falling due within one year
Trade debtors
224,591
36,302
T.S.G. Machinery Limited
Notes to the Accounts
for the year ended 28 February 2023
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
9,153
9,062
Trade creditors
50,000
3,600
Taxes and social security
6,155
3,435
Other creditors
373
50,000
Loans from directors
(17,516)
1,170
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
299
1,102
8
Average number of employees
During the year the average number of employees was 9 (2022: 7).