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REGISTERED NUMBER: 03968424 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023

FOR

T.J. SERVICES (UK) LTD

T.J. SERVICES (UK) LTD (REGISTERED NUMBER: 03968424)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


T.J. SERVICES (UK) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2023







DIRECTORS: G R Harvey
T A Jones
S Kerr





REGISTERED OFFICE: Town Station
Hill Street
Lydney
Gloucestershire
GL15 5HL





REGISTERED NUMBER: 03968424 (England and Wales)





ACCOUNTANTS: Crowe U.K. LLP
4th Floor
St James House
St James Square
Cheltenham
Gloucestershire
GL50 3PR

T.J. SERVICES (UK) LTD (REGISTERED NUMBER: 03968424)

STATEMENT OF FINANCIAL POSITION
30 APRIL 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 288,864 231,797

CURRENT ASSETS
Inventories 1,896,867 1,680,471
Debtors 5 161,880 67,873
Cash at bank and in hand 254,262 41,241
2,313,009 1,789,585
CREDITORS
Amounts falling due within one year 6 1,199,046 914,017
NET CURRENT ASSETS 1,113,963 875,568
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,402,827

1,107,365

CREDITORS
Amounts falling due after more than one
year

7

(107,147

)

(155,596

)

PROVISIONS FOR LIABILITIES 9 (364,395 ) (272,589 )
NET ASSETS 931,285 679,180

CAPITAL AND RESERVES
Called up share capital 100 100
Share premium 1,253 1,253
Retained earnings 929,932 677,827
SHAREHOLDERS' FUNDS 931,285 679,180

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 October 2023 and were signed on its behalf by:



T A Jones - Director


T.J. SERVICES (UK) LTD (REGISTERED NUMBER: 03968424)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023


1. STATUTORY INFORMATION

T.J. Services (UK) Ltd 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
Revenue 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on reducing balance

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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
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.

T.J. SERVICES (UK) LTD (REGISTERED NUMBER: 03968424)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023


2. ACCOUNTING POLICIES - continued

Provisions for liabilities
Provisions are made where an event has taken place that gives the company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to profit or loss in the year that the company becomes aware of the obligation, and are measured at the best estimate at the Balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the Balance sheet.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2022 - 22 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 May 2022 73,248 51,700 351,212 476,160
Additions 5,099 1,045 122,353 128,497
Disposals - - (16,000 ) (16,000 )
At 30 April 2023 78,347 52,745 457,565 588,657
DEPRECIATION
At 1 May 2022 62,318 47,264 134,781 244,363
Charge for year 2,620 1,625 63,863 68,108
Eliminated on disposal - - (12,678 ) (12,678 )
At 30 April 2023 64,938 48,889 185,966 299,793
NET BOOK VALUE
At 30 April 2023 13,409 3,856 271,599 288,864
At 30 April 2022 10,930 4,436 216,431 231,797

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 May 2022 243,851
Additions 122,353
Transfer to ownership (20,250 )
At 30 April 2023 345,954
DEPRECIATION
At 1 May 2022 65,925
Charge for year 55,067
Transfer to ownership (12,061 )
At 30 April 2023 108,931
NET BOOK VALUE
At 30 April 2023 237,023
At 30 April 2022 177,926

T.J. SERVICES (UK) LTD (REGISTERED NUMBER: 03968424)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 982 4,703
Other debtors 160,898 63,170
161,880 67,873

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 30,000 30,000
Hire purchase contracts (see note 8) 99,526 56,877
Trade creditors 795,710 564,601
Taxation and social security 88,884 72,006
Other creditors 184,926 190,533
1,199,046 914,017

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 62,500 92,500
Hire purchase contracts (see note 8) 44,647 63,096
107,147 155,596

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 99,526 56,877
Between one and five years 44,647 63,096
144,173 119,973

Non-cancellable operating leases
2023 2022
£    £   
Within one year 38,815 39,753
Between one and five years 144,000 146,815
In more than five years 129,000 165,000
311,815 351,568

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 68,902 54,424
Warranty provision 295,493 218,165
364,395 272,589

T.J. SERVICES (UK) LTD (REGISTERED NUMBER: 03968424)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023


9. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 May 2022 54,424
Provided during year 14,478
Balance at 30 April 2023 68,902

10. RELATED PARTY DISCLOSURES

Included within other debtors, amounts falling due within one year, is a loan in the sum of £60,871 (2022: £5,067 creditor) due from SWM (Insulations) Ltd, a company the directors have an interest in. The amount is unsecured, interest free and carries no fixed date of repayment.