IRIS Accounts Production v23.3.1.45 06404695 director 1.4.22 31.3.23 31.3.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh064046952022-03-31064046952023-03-31064046952022-04-012023-03-31064046952021-03-31064046952021-04-012022-03-31064046952022-03-3106404695ns10:Originalns15:EnglandWales2022-04-012023-03-3106404695ns14:PoundSterlingns10:Original2022-04-012023-03-3106404695ns10:Originalns10:Director12022-04-012023-03-3106404695ns10:Original2022-04-012023-03-3106404695ns10:Original2023-03-3106404695ns10:Originalns10:PrivateLimitedCompanyLtd2022-04-012023-03-3106404695ns10:Originalns10:SmallEntities2022-04-012023-03-3106404695ns10:Originalns10:AuditExempt-NoAccountantsReport2022-04-012023-03-3106404695ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3106404695ns10:SmallCompaniesRegimeForAccountsns10:Original2022-04-012023-03-3106404695ns10:Originalns10:FullAccounts2022-04-012023-03-3106404695ns10:Originalns10:RegisteredOffice2022-04-012023-03-3106404695ns10:Original2022-03-3106404695ns10:Originalns5:CurrentFinancialInstruments2023-03-3106404695ns10:Originalns5:CurrentFinancialInstruments2022-03-3106404695ns10:Originalns5:Non-currentFinancialInstruments2023-03-3106404695ns10:Originalns5:Non-currentFinancialInstruments2022-03-3106404695ns5:ShareCapitalns10:Original2023-03-3106404695ns5:ShareCapitalns10:Original2022-03-3106404695ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-03-3106404695ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3106404695ns10:Originalns5:FurnitureFittings2022-04-012023-03-3106404695ns10:Originalns5:MotorVehicles2022-04-012023-03-3106404695ns10:Originalns5:ComputerEquipment2022-04-012023-03-3106404695ns10:Original2021-04-012022-03-3106404695ns10:Originalns5:FurnitureFittings2022-03-3106404695ns10:Originalns5:MotorVehicles2022-03-3106404695ns10:Originalns5:ComputerEquipment2022-03-3106404695ns10:Original2022-03-3106404695ns10:Originalns5:FurnitureFittings2023-03-3106404695ns10:Originalns5:MotorVehicles2023-03-3106404695ns10:Originalns5:ComputerEquipment2023-03-3106404695ns10:Originalns5:FurnitureFittings2022-03-3106404695ns10:Originalns5:MotorVehicles2022-03-3106404695ns10:Originalns5:ComputerEquipment2022-03-3106404695ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3106404695ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-31
REGISTERED NUMBER: 06404695 (England and Wales)


















Unaudited Financial Statements

for the Year Ended 31st March 2023

for

TCO Management Limited

TCO Management Limited (Registered number: 06404695)






Contents of the Financial Statements
for the Year Ended 31st March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TCO Management Limited

Company Information
for the Year Ended 31st March 2023







DIRECTOR: Mr G L Widlake





REGISTERED OFFICE: Unit 3
Station Yard
Station Road
Hatton
Derbyshire
DE65 5DU





REGISTERED NUMBER: 06404695 (England and Wales)





ACCOUNTANTS: Rice & Co Limited
Chartered Accountants
14a Market Place
Uttoxeter
Staffordshire
ST14 8HP

TCO Management Limited (Registered number: 06404695)

Balance Sheet
31st March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 13,865 18,488

CURRENT ASSETS
Debtors 5 59,580 85,891
Cash at bank 21,077 14,288
80,657 100,179
CREDITORS
Amounts falling due within one year 6 83,436 88,698
NET CURRENT (LIABILITIES)/ASSETS (2,779 ) 11,481
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,086

29,969

CREDITORS
Amounts falling due after more than one
year

7

(10,833

)

(15,833

)

PROVISIONS FOR LIABILITIES - (3,050 )
NET ASSETS 253 11,086

CAPITAL AND RESERVES
Called up share capital 40 40
Retained earnings 213 11,046
SHAREHOLDERS' FUNDS 253 11,086

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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.

TCO Management Limited (Registered number: 06404695)

Balance Sheet - continued
31st 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 20th December 2023 and were signed by:





Mr G L Widlake - Director


TCO Management Limited (Registered number: 06404695)

Notes to the Financial Statements
for the Year Ended 31st March 2023

1. STATUTORY INFORMATION

TCO Management 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 and value added tax. Turnover is recognised when services have been provided resulting in the company obtaining the right to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

TCO Management Limited (Registered number: 06404695)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 7 (2022 - 8 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1st April 2022
and 31st March 2023 653 14,019 87,244 101,916
DEPRECIATION
At 1st April 2022 640 8,964 73,824 83,428
Charge for year 4 1,264 3,355 4,623
At 31st March 2023 644 10,228 77,179 88,051
NET BOOK VALUE
At 31st March 2023 9 3,791 10,065 13,865
At 31st March 2022 13 5,055 13,420 18,488


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 58,166 84,477
Other debtors 1,414 1,414
59,580 85,891

TCO Management Limited (Registered number: 06404695)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,000 5,000
Hire purchase contracts - 1,461
Trade creditors 3,595 4,776
Taxation and social security 26,828 26,321
Other creditors 48,013 51,140
83,436 88,698

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans 10,833 15,833

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts - 1,461

Hire purchase contracts are secured by the asset to which they relate.

9. RELATED PARTY DISCLOSURES

Included in creditors due within one year is £39,579 (2022 - £43,479) owing to the director of the company.