IRIS Accounts Production v23.4.0.336 02768370 director 1.10.22 30.9.23 30.9.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh027683702022-09-30027683702023-09-30027683702022-10-012023-09-30027683702021-09-30027683702021-10-012022-09-30027683702022-09-3002768370ns15:EnglandWales2022-10-012023-09-3002768370ns14:PoundSterling2022-10-012023-09-3002768370ns10:Director12022-10-012023-09-3002768370ns10:PrivateLimitedCompanyLtd2022-10-012023-09-3002768370ns10:SmallEntities2022-10-012023-09-3002768370ns10:AuditExempt-NoAccountantsReport2022-10-012023-09-3002768370ns10:SmallCompaniesRegimeForDirectorsReport2022-10-012023-09-3002768370ns10:SmallCompaniesRegimeForAccounts2022-10-012023-09-3002768370ns10:FullAccounts2022-10-012023-09-3002768370ns10:RegisteredOffice2022-10-012023-09-3002768370ns5:CurrentFinancialInstruments2023-09-3002768370ns5:CurrentFinancialInstruments2022-09-3002768370ns5:ShareCapital2023-09-3002768370ns5:ShareCapital2022-09-3002768370ns5:RetainedEarningsAccumulatedLosses2023-09-3002768370ns5:RetainedEarningsAccumulatedLosses2022-09-3002768370ns5:PlantMachinery2022-10-012023-09-3002768370ns5:FurnitureFittings2022-10-012023-09-3002768370ns5:MotorVehicles2022-10-012023-09-3002768370ns5:ComputerEquipment2022-10-012023-09-3002768370ns5:PlantMachinery2022-09-3002768370ns5:FurnitureFittings2022-09-3002768370ns5:MotorVehicles2022-09-3002768370ns5:ComputerEquipment2022-09-3002768370ns5:PlantMachinery2023-09-3002768370ns5:FurnitureFittings2023-09-3002768370ns5:MotorVehicles2023-09-3002768370ns5:ComputerEquipment2023-09-3002768370ns5:PlantMachinery2022-09-3002768370ns5:FurnitureFittings2022-09-3002768370ns5:MotorVehicles2022-09-3002768370ns5:ComputerEquipment2022-09-3002768370ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-09-3002768370ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-10-012023-09-3002768370ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-09-3002768370ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-09-3002768370ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-09-3002768370ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-09-30
REGISTERED NUMBER: 02768370 (England and Wales)













Torque Fast Calibration Ltd

Unaudited Financial Statements

for the Year Ended 30 September 2023






Torque Fast Calibration Ltd (Registered number: 02768370)






Contents of the Financial Statements
for the year ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Torque Fast Calibration Ltd

Company Information
for the year ended 30 September 2023







DIRECTOR: P J Holdcroft





REGISTERED OFFICE: Calibration House
Canal Lane
Tunstall
Stoke on Trent
Staffordshire
ST6 4NZ





REGISTERED NUMBER: 02768370 (England and Wales)





ACCOUNTANTS: Slaters & Co Accountants
Lymore Villa
162a London Road
Chesterton
Newcastle
Staffordshire
ST5 7JB

Torque Fast Calibration Ltd (Registered number: 02768370)

Balance Sheet
30 September 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 19,341 17,670

CURRENT ASSETS
Debtors 6 36,457 37,897
Cash at bank and in hand 62,742 73,733
99,199 111,630
CREDITORS
Amounts falling due within one year 7 38,563 44,149
NET CURRENT ASSETS 60,636 67,481
TOTAL ASSETS LESS CURRENT
LIABILITIES

79,977

85,151

PROVISIONS FOR LIABILITIES 3,040 3,357
NET ASSETS 76,937 81,794

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 76,837 81,694
76,937 81,794

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

Torque Fast Calibration Ltd (Registered number: 02768370)

Balance Sheet - continued
30 September 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 27 March 2024 and were signed by:





P J Holdcroft - Director


Torque Fast Calibration Ltd (Registered number: 02768370)

Notes to the Financial Statements
for the year ended 30 September 2023

1. STATUTORY INFORMATION

Torque Fast Calibration 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoice value of services provided, excluding value added tax.

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 cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on cost
Computer equipment - 20% on cost

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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

Torque Fast Calibration Ltd (Registered number: 02768370)

Notes to the Financial Statements - continued
for the year ended 30 September 2023

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 October 2022 35,962 14,858 34,947 8,794 94,561
Additions 830 - 6,680 - 7,510
At 30 September 2023 36,792 14,858 41,627 8,794 102,071
DEPRECIATION
At 1 October 2022 29,354 14,201 25,568 7,768 76,891
Charge for year 1,488 131 4,015 205 5,839
At 30 September 2023 30,842 14,332 29,583 7,973 82,730
NET BOOK VALUE
At 30 September 2023 5,950 526 12,044 821 19,341
At 30 September 2022 6,608 657 9,379 1,026 17,670

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 October 2022
and 30 September 2023 17,449
DEPRECIATION
At 1 October 2022 15,452
Charge for year 499
At 30 September 2023 15,951
NET BOOK VALUE
At 30 September 2023 1,498
At 30 September 2022 1,997

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 28,297 27,487
Other debtors 8,160 10,410
36,457 37,897

Torque Fast Calibration Ltd (Registered number: 02768370)

Notes to the Financial Statements - continued
for the year ended 30 September 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 1,460 4,678
Trade creditors 6,698 7,163
Taxation and social security 14,939 15,132
Other creditors 15,466 17,176
38,563 44,149

8. RELATED PARTY DISCLOSURES

The company owed its director Mr P J Holdcroft £11,752 as at 30th September 2023 (2022 £13,588). The loan is interest free and repayable on demand.