1 June 2023 false No description of principal activity Taxfiler 2024.5 04774561business:PrivateLimitedCompanyLtd2023-06-012024-05-31 047745612023-05-31 047745612023-06-012024-05-31 04774561business:AuditExemptWithAccountantsReport2023-06-012024-05-31 04774561business:FilletedAccounts2023-06-012024-05-31 047745612024-05-31 04774561business:Director12023-06-012024-05-31 04774561business:Director22023-06-012024-05-31 04774561business:CompanySecretary12023-06-012024-05-31 04774561business:RegisteredOffice2023-06-012024-05-31 047745612023-05-31 04774561core:WithinOneYear2024-05-31 04774561core:WithinOneYear2023-05-31 04774561core:ShareCapitalcore:PreviouslyStatedAmount2024-05-31 04774561core:ShareCapitalcore:PreviouslyStatedAmount2023-05-31 04774561core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-05-31 04774561core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-05-31 04774561core:PreviouslyStatedAmount2024-05-31 04774561core:PreviouslyStatedAmount2023-05-31 04774561business:SmallEntities2023-06-012024-05-31 04774561countries:EnglandWales2023-06-012024-05-31 04774561core:PlantMachinery2023-06-012024-05-31 04774561core:MotorVehicles2023-06-012024-05-31 04774561core:FurnitureFittings2023-06-012024-05-31 04774561core:Goodwill2023-05-31 04774561core:Goodwill2024-05-31 04774561core:PlantMachinery2023-05-31 04774561core:MotorVehicles2023-05-31 04774561core:FurnitureFittings2023-05-31 04774561core:PlantMachinery2024-05-31 04774561core:MotorVehicles2024-05-31 04774561core:FurnitureFittings2024-05-31 047745612022-06-012023-05-31 iso4217:GBP xbrli:pure
Company Registration No. 04774561 (England and Wales)
Tomlinson Steel Limited Unaudited accounts for the year ended 31 May 2024
Tomlinson Steel Limited Unaudited accounts Contents
Page
- 2 -
Tomlinson Steel Limited Company Information for the year ended 31 May 2024
Directors
Keith Tomlinson Susan Tomlinson
Secretary
Susan Tomlinson
Company Number
04774561 (England and Wales)
Registered Office
Unit 32, E.C.L London Road Sawston Cambridgeshire CB22 3FX
Accountants
Coles Accounting (Cambridge) Limited Newton Hall Town Street, Newton Cambridge Cambridgeshire CB22 7ZE
- 3 -
Tomlinson Steel Limited Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,725 
2,301 
Current assets
Inventories
9,120 
11,280 
Debtors
15,552 
27,209 
Cash at bank and in hand
36,780 
58,402 
61,452 
96,891 
Creditors: amounts falling due within one year
(21,081)
(40,845)
Net current assets
40,371 
56,046 
Total assets less current liabilities
42,096 
58,347 
Provisions for liabilities
Deferred tax
(328)
(438)
Net assets
41,768 
57,909 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
41,766 
57,907 
Shareholders' funds
41,768 
57,909 
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 9 September 2024 and were signed on its behalf by
Keith Tomlinson Director Company Registration No. 04774561
- 4 -
Tomlinson Steel Limited Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
Tomlinson Steel Limited is a private company, limited by shares, registered in England and Wales, registration number 04774561. The registered office is Unit 32, E.C.L, London Road, Sawston, Cambridgeshire, CB22 3FX.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset. If there is an indication that there has been a significant change in the amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
- 5 -
Tomlinson Steel Limited Notes to the Accounts for the year ended 31 May 2024
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 June 2023
62,162 
At 31 May 2024
62,162 
Amortisation
At 1 June 2023
62,162 
At 31 May 2024
62,162 
Net book value
At 31 May 2024
- 
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 June 2023
15,622 
4,299 
5,819 
25,740 
At 31 May 2024
15,622 
4,299 
5,819 
25,740 
Depreciation
At 1 June 2023
15,362 
2,693 
5,384 
23,439 
Charge for the year
65 
402 
109 
576 
At 31 May 2024
15,427 
3,095 
5,493 
24,015 
Net book value
At 31 May 2024
195 
1,204 
326 
1,725 
At 31 May 2023
260 
1,606 
435 
2,301 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
13,132 
24,383 
Other debtors
2,420 
2,826 
15,552 
27,209 
- 6 -
Tomlinson Steel Limited Notes to the Accounts for the year ended 31 May 2024
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
1,638 
2,602 
Trade creditors
8,634 
23,443 
Taxes and social security
7,288 
10,801 
Other creditors
709 
1,019 
Loans from directors
339 
637 
Accruals
2,473 
2,343 
21,081 
40,845 
8
Transactions with related parties
At the balance sheet date the company owed £339 to the Directors (2023: £256). This amount is unsecured, interest-free and repayable on demand.
9
Average number of employees
During the year the average number of employees was 2 (2023: 3).
- 7 -