Registered number
09708869
TCK Electrical and Mechanical Repairs Limited
Filleted Accounts
31 July 2024
TCK Electrical and Mechanical Repairs Limited
Registered number: 09708869
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 5,298 7,864
Current assets
Stocks 11,286 12,018
Debtors 4 76,080 76,514
Cash at bank and in hand 99,455 113,509
186,821 202,041
Creditors: amounts falling due within one year 5 (59,349) (64,324)
Net current assets 127,472 137,717
Total assets less current liabilities 132,770 145,581
Provisions for liabilities (1,192) (1,684)
Net assets 131,578 143,897
Capital and reserves
Called up share capital 2 3
Capital redemption reserve 6 (47,964) -
Profit and loss account 179,540 143,894
Shareholders' funds 131,578 143,897
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Carl Fieldhouse
Director
Approved by the board on 4 September 2024
TCK Electrical and Mechanical Repairs Limited
Notes to the Accounts
for the year ended 31 July 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Motor vehicles 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 6 6
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 August 2023 12,249 25,490 37,739
Disposals - (6,000) (6,000)
At 31 July 2024 12,249 19,490 31,739
Depreciation
At 1 August 2023 10,798 19,077 29,875
Charge for the year 363 1,403 1,766
On disposals - (5,200) (5,200)
At 31 July 2024 11,161 15,280 26,441
Net book value
At 31 July 2024 1,088 4,210 5,298
At 31 July 2023 1,451 6,413 7,864
4 Debtors 2024 2023
£ £
Trade debtors 74,363 74,726
Other debtors 1,717 1,788
76,080 76,514
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 14,426 11,872
Taxation and social security costs 42,193 50,272
Other creditors 2,730 2,180
59,349 64,324
6 Capital redemption reserve 2024 2023
£ £
Share Buy Back (47,964) -
At 31 July 2024 (47,964) -
7 Controlling party
The Company is controlled the directors, Carl Edward Fielhouse and Anthony Fieldhouse who both own 50% of the issued share capital.
8 Other information
TCK Electrical and Mechanical Repairs Limited is a private company limited by shares and incorporated in Wales. Its registered office is:
Unit 8
Cwm Draw Industrial Estate
Ebbw Vale
Blaenau Gwent
NP23 5AE
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