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
Tamworth Heat Treatment limited
Company Information
for the year ended 30 June 2023
Directors
KW Bannister
A Crilly
DE Whitehouse
MJ Whitehouse
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
Tamworth Heat Treatment limited
Statement of financial position
as at 30 June 2023
Tangible assets
1,518,314
1,222,364
Cash at bank and in hand
1,414,525
1,284,123
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
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
Tamworth Heat Treatment limited
Notes to the Accounts
for the year ended 30 June 2023
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.
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.
The accounts are presented in £ sterling.
Turnover represents the net invoiced sales of goods and services excluding Value Added Tax.
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 are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
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.
Tamworth Heat Treatment limited
Notes to the Accounts
for the year ended 30 June 2023
4
Intangible fixed assets
Goodwill
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
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
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
Amounts falling due within one year
Trade debtors
482,629
415,392
Accrued income and prepayments
20,175
17,536
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
Tamworth Heat Treatment limited
Notes to the Accounts
for the year ended 30 June 2023
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
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).