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Company Registration No. 01827957 (England and Wales)
Tamworth Heat Treatment limited Unaudited accounts for the year ended 30 June 2023
Tamworth Heat Treatment limited Unaudited accounts Contents
Page
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Tamworth Heat Treatment limited Company Information for the year ended 30 June 2023
Directors
KW Bannister A Crilly DE Whitehouse MJ Whitehouse
Secretary
A Crilly
Company Number
01827957 (England and Wales)
Registered Office
7 Darwell Park, Mica Close Amington Ind Estate Tamworth Staffordshire B77 4DR
Accountants
Practical Accounting Limited 50 Ashby Road Tamworth Staffordshire B79 8AD
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Tamworth Heat Treatment limited Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,518,314 
1,222,364 
Current assets
Inventories
8,534 
8,717 
Debtors
502,804 
432,928 
Cash at bank and in hand
1,414,525 
1,284,123 
1,925,863 
1,725,768 
Creditors: amounts falling due within one year
(343,301)
(222,836)
Net current assets
1,582,562 
1,502,932 
Total assets less current liabilities
3,100,876 
2,725,296 
Provisions for liabilities
Deferred tax
(270,000)
(210,000)
Net assets
2,830,876 
2,515,296 
Capital and reserves
Called up share capital
49 
49 
Share premium
584,055 
584,055 
Capital redemption reserve
39 
39 
Profit and loss account
2,246,733 
1,931,153 
Shareholders' funds
2,830,876 
2,515,296 
For the year ending 30 June 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 13 November 2023 and were signed on its behalf by
KW Bannister Director Company Registration No. 01827957
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Tamworth Heat Treatment limited Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
Tamworth Heat Treatment limited is a private company, limited by shares, registered in England and Wales, registration number 01827957. The registered office is 7 Darwell Park, Mica Close, Amington Ind Estate, Tamworth, Staffordshire, B77 4DR.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the net invoiced sales of goods and services excluding Value Added Tax.
Goodwill
Goodwill is amortised in equal instalments over its estimated economic life of 20 years
Tangible fixed assets policy
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land & buildings
in accordance with the property
Plant & machinery
15% on reducing balance and at variable rates on reducing balance
Motor vehicles
25% on reducing balance,
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.
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 the profit and loss account in the period to which they relate.
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Tamworth Heat Treatment limited Notes to the Accounts for the year ended 30 June 2023
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 July 2022
584,000 
At 30 June 2023
584,000 
Amortisation
At 1 July 2022
584,000 
At 30 June 2023
584,000 
Net book value
At 30 June 2023
- 
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 July 2022
14,720 
3,314,761 
111,674 
93,879 
3,535,034 
Additions
- 
402,932 
- 
3,040 
405,972 
At 30 June 2023
14,720 
3,717,693 
111,674 
96,919 
3,941,006 
Depreciation
At 1 July 2022
6,683 
2,141,981 
76,432 
87,574 
2,312,670 
Charge for the year
1,472 
96,188 
11,417 
945 
110,022 
At 30 June 2023
8,155 
2,238,169 
87,849 
88,519 
2,422,692 
Net book value
At 30 June 2023
6,565 
1,479,524 
23,825 
8,400 
1,518,314 
At 30 June 2022
8,037 
1,172,780 
35,242 
6,305 
1,222,364 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
482,629 
415,392 
Accrued income and prepayments
20,175 
17,536 
502,804 
432,928 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
111,085 
79,387 
Taxes and social security
122,201 
112,207 
Other creditors
110,015 
31,242 
343,301 
222,836 
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Tamworth Heat Treatment limited Notes to the Accounts for the year ended 30 June 2023
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
24 Ordinary "A" shares of £0.10 each
2.40 
2.40 
290 Ordinary "B" shares of £0.10 each
29.00 
29.00 
173 Ordinary "C" and "D" shares of £0.10 each
17.30 
17.30 
48.70 
48.70 
9
Transactions with related parties
At the balance sheet date the amounts due to shareholders included in creditors falling due within one year were £404 (£404)
10
Average number of employees
During the year the average number of employees was 23 (2022: 23).
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