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REGISTERED NUMBER: 06997019 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31st October 2023

for

Tanker And Drain Solutions Ltd

Tanker And Drain Solutions Ltd (Registered number: 06997019)






Contents of the Financial Statements
for the year ended 31st October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Tanker And Drain Solutions Ltd

Company Information
for the year ended 31st October 2023







DIRECTORS: G A Lapidge
M R M Larkin





SECRETARIES: Mrs A Lapidge
Mrs D Larkin





REGISTERED OFFICE: Rawmec Business Park
Plumpton Road
Hoddesdon
Hertfordshire
EN11 0EE





REGISTERED NUMBER: 06997019 (England and Wales)





ACCOUNTANTS: Apple Accounting Services Ltd
Chartered Management Accountants
12b Sun Street
Waltham Abbey
Essex
EN9 1EE

Tanker And Drain Solutions Ltd (Registered number: 06997019)

Balance Sheet
31st October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 234,065 291,667

CURRENT ASSETS
Debtors 5 289,228 126,447
Cash at bank and in hand 386,629 433,421
675,857 559,868
CREDITORS
Amounts falling due within one year 6 198,929 172,041
NET CURRENT ASSETS 476,928 387,827
TOTAL ASSETS LESS CURRENT
LIABILITIES

710,993

679,494

CREDITORS
Amounts falling due after more than one year 7 (50,913 ) (85,445 )

PROVISIONS FOR LIABILITIES (58,516 ) (65,625 )
NET ASSETS 601,564 528,424

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 601,464 528,324
SHAREHOLDERS' FUNDS 601,564 528,424

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

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

Tanker And Drain Solutions Ltd (Registered number: 06997019)

Balance Sheet - continued
31st October 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 Board of Directors and authorised for issue on 13th November 2023 and were signed on its behalf by:





G A Lapidge - Director


Tanker And Drain Solutions Ltd (Registered number: 06997019)

Notes to the Financial Statements
for the year ended 31st October 2023

1. STATUTORY INFORMATION

Tanker And Drain Solutions 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
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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost and 25% on reducing balance

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
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.

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

Tanker And Drain Solutions Ltd (Registered number: 06997019)

Notes to the Financial Statements - continued
for the year ended 31st October 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 8 (2022 - 8 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st November 2022 873,047
Additions 11,098
Disposals (7,900 )
At 31st October 2023 876,245
DEPRECIATION
At 1st November 2022 581,380
Charge for year 68,461
Eliminated on disposal (7,661 )
At 31st October 2023 642,180
NET BOOK VALUE
At 31st October 2023 234,065
At 31st October 2022 291,667

Tanker And Drain Solutions Ltd (Registered number: 06997019)

Notes to the Financial Statements - continued
for the year ended 31st October 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1st November 2022 349,109
Transfer to ownership (168,593 )
At 31st October 2023 180,516
DEPRECIATION
At 1st November 2022 207,544
Charge for year 35,391
Transfer to ownership (138,560 )
At 31st October 2023 104,375
NET BOOK VALUE
At 31st October 2023 76,141
At 31st October 2022 141,565

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 132,510 121,568
Other debtors 156,718 4,879
289,228 126,447

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,102 9,849
Hire purchase contracts 24,434 44,419
Trade creditors 5,957 15,732
Taxation and social security 105,024 52,568
Other creditors 53,412 49,473
198,929 172,041

Tanker And Drain Solutions Ltd (Registered number: 06997019)

Notes to the Financial Statements - continued
for the year ended 31st October 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 16,514 26,612
Hire purchase contracts 34,399 58,833
50,913 85,445

8. RELATED PARTY DISCLOSURES

At year end the company was owed £148,315 (2022 - £1,053) by TADS Investments Ltd, a company under the control of the Directors. All loans are interest free and repayable on demand.

9. CONTROLLING INTEREST

The company continued to be controlled by Mr G A Lapidge and Mr M R M Larkin.