Company Registration No. 12237826 (England and Wales)
TC Utilities Ltd
Unaudited accounts
for the year ended 31 October 2023
TC Utilities Ltd
Unaudited accounts
Contents
TC Utilities Ltd
Company Information
for the year ended 31 October 2023
Company Number
12237826 (England and Wales)
Registered Office
4 South Park
Jacobstow
Bude
Cornwall
EX23 0BW
UK
Accountants
ALAN DICKERSON
St Elia
Penstowe Road
Bude
Cornwall
EX23 9QT
TC Utilities Ltd
Statement of financial position
as at 31 October 2023
Tangible assets
1,105,684
524,852
Cash at bank and in hand
966,650
984,217
Creditors: amounts falling due within one year
(353,480)
(266,163)
Net current assets
836,249
890,962
Net assets
1,941,933
1,415,814
Called up share capital
10
10
Profit and loss account
1,941,923
1,415,804
Shareholders' funds
1,941,933
1,415,814
For the year ending 31 October 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 director acknowledges his 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 and authorised for issue on 4 March 2024 and were signed on its behalf by
Tony Smith
Director
Company Registration No. 12237826
TC Utilities Ltd
Notes to the Accounts
for the year ended 31 October 2023
TC Utilities Ltd is a private company, limited by shares, registered in England and Wales, registration number 12237826. The registered office is 4 South Park, Jacobstow, Bude, Cornwall, EX23 0BW, UK.
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:
Other tangible fixed assets
20%
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 November 2022
-
692,467
41,057
5,587
739,111
Additions
448,493
224,082
104,553
1,065
778,193
Disposals
-
(6,000)
(41,057)
-
(47,057)
At 31 October 2023
448,493
910,549
104,553
6,652
1,470,247
At 1 November 2022
-
192,614
20,528
1,117
214,259
Charge for the year
-
143,587
26,138
1,107
170,832
On disposals
-
-
(20,528)
-
(20,528)
At 31 October 2023
-
336,201
26,138
2,224
364,563
At 31 October 2023
448,493
574,348
78,415
4,428
1,105,684
At 31 October 2022
-
499,853
20,529
4,470
524,852
TC Utilities Ltd
Notes to the Accounts
for the year ended 31 October 2023
Amounts falling due within one year
Trade debtors
217,870
116,156
Accrued income and prepayments
5,209
56,752
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
2,745
1,323
Trade creditors
65,388
64,417
Taxes and social security
150,932
192,578
Other creditors
4,726
2,750
Loans from directors
5,799
3,122
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).