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REGISTERED NUMBER: 04058052 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 31 January 2023

for

M J TALOCRETE HOLDINGS LIMITED

M J TALOCRETE HOLDINGS LIMITED (REGISTERED NUMBER: 04058052)






Contents of the Financial Statements
for the Year Ended 31 January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


M J TALOCRETE HOLDINGS LIMITED

Company Information
for the Year Ended 31 January 2023







DIRECTOR: Mohinder Singh Jaswal





REGISTERED OFFICE: 2 New Street
Smethwick
West Midlands
B66 2AJ





REGISTERED NUMBER: 04058052 (England and Wales)





ACCOUNTANTS: Brindleys Limited
2 Wheeleys Road
Edgbaston
Birmingham
West Midlands
B15 2LD

M J TALOCRETE HOLDINGS LIMITED (REGISTERED NUMBER: 04058052)

Balance Sheet
31 January 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,140 9,673

CURRENT ASSETS
Stocks 69,450 139,500
Debtors 5 84,605 56,119
Cash in hand 9,766 946
163,821 196,565
CREDITORS
Amounts falling due within one year 6 66,562 75,477
NET CURRENT ASSETS 97,259 121,088
TOTAL ASSETS LESS CURRENT
LIABILITIES

105,399

130,761

CREDITORS
Amounts falling due after more than one year 7 25,581 33,480
NET ASSETS 79,818 97,281

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 79,718 97,181
SHAREHOLDERS' FUNDS 79,818 97,281

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

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

M J TALOCRETE HOLDINGS LIMITED (REGISTERED NUMBER: 04058052)

Balance Sheet - continued
31 January 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 24 April 2024 and were signed by:





Mohinder Singh Jaswal - Director


M J TALOCRETE HOLDINGS LIMITED (REGISTERED NUMBER: 04058052)

Notes to the Financial Statements
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

M J Talocrete Holdings 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.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks 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 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.

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 3 (2022 - 3 ) .

M J TALOCRETE HOLDINGS LIMITED (REGISTERED NUMBER: 04058052)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 February 2022 18,621 17,082 35,703
Additions 790 - 790
At 31 January 2023 19,411 17,082 36,493
DEPRECIATION
At 1 February 2022 16,491 9,539 26,030
Charge for year 438 1,885 2,323
At 31 January 2023 16,929 11,424 28,353
NET BOOK VALUE
At 31 January 2023 2,482 5,658 8,140
At 31 January 2022 2,130 7,543 9,673

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 59,293 56,119
Directors' current accounts 25,312 -
84,605 56,119

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 21,110 35,873
Trade creditors 12,469 12,179
Tax 7,316 4,568
Social security and other taxes 893 188
VAT 24,774 19,416
Other creditors - 73
Directors' current accounts - 3,180
66,562 75,477

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 2-5 years 23,238 27,162
Hire purchase contracts 2,343 6,318
25,581 33,480

M J TALOCRETE HOLDINGS LIMITED (REGISTERED NUMBER: 04058052)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mohinder Singh Jaswal.