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REGISTERED NUMBER: 09774703 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2023

FOR

TOWER CONSTRUCTION ESSEX LIMITED

TOWER CONSTRUCTION ESSEX LIMITED (REGISTERED NUMBER: 09774703)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TOWER CONSTRUCTION ESSEX LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2023







DIRECTOR: A J Vickery





REGISTERED OFFICE: The Barn
Trenders Avenue
Rayleigh
Essex
SS6 9RG





REGISTERED NUMBER: 09774703 (England and Wales)





ACCOUNTANTS: RE Group Accountants Limited
The Maltings
Rosemary Lane
Halstead
Essex
CO9 1HZ

TOWER CONSTRUCTION ESSEX LIMITED (REGISTERED NUMBER: 09774703)

BALANCE SHEET
31 AUGUST 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 112,507 168,540

CURRENT ASSETS
Stocks 71,969 55,199
Debtors 5 274,174 65,591
Cash at bank and in hand 22,789 15,715
368,932 136,505
CREDITORS
Amounts falling due within one year 6 219,729 138,557
NET CURRENT ASSETS/(LIABILITIES) 149,203 (2,052 )
TOTAL ASSETS LESS CURRENT LIABILITIES 261,710 166,488

CREDITORS
Amounts falling due after more than one
year

7

(49,606

)

(81,992

)

PROVISIONS FOR LIABILITIES (18,170 ) -
NET ASSETS 193,934 84,496

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 193,933 84,495
SHAREHOLDERS' FUNDS 193,934 84,496

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

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

TOWER CONSTRUCTION ESSEX LIMITED (REGISTERED NUMBER: 09774703)

BALANCE SHEET - continued
31 AUGUST 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 23 February 2024 and were signed by:





A J Vickery - Director


TOWER CONSTRUCTION ESSEX LIMITED (REGISTERED NUMBER: 09774703)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

1. STATUTORY INFORMATION

Tower Construction Essex 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.

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, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 20% on cost
Plant and machinery etc - 20% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

TOWER CONSTRUCTION ESSEX LIMITED (REGISTERED NUMBER: 09774703)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023

2. ACCOUNTING POLICIES - continued

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 6 (2022 - 8 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 September 2022 42,693 220,574 263,267
Additions 28,443 4,621 33,064
Disposals - (91,776 ) (91,776 )
At 31 August 2023 71,136 133,419 204,555
DEPRECIATION
At 1 September 2022 17,082 77,645 94,727
Charge for year 14,227 17,700 31,927
Eliminated on disposal - (34,606 ) (34,606 )
At 31 August 2023 31,309 60,739 92,048
NET BOOK VALUE
At 31 August 2023 39,827 72,680 112,507
At 31 August 2022 25,611 142,929 168,540

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 213,974 18,466
Amounts owed by group undertakings 30,767 12,536
Other debtors 29,433 34,589
274,174 65,591

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 6,000 5,737
Hire purchase contracts 26,627 26,593
Trade creditors 56,628 23,738
Taxation and social security 51,751 7,209
Other creditors 78,723 75,280
219,729 138,557

TOWER CONSTRUCTION ESSEX LIMITED (REGISTERED NUMBER: 09774703)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 31,569 37,329
Hire purchase contracts 18,037 44,663
49,606 81,992

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 5,569 11,990

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary £1 1 1