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REGISTERED NUMBER: 05882227 (England and Wales)


















TBA ELECTRO CONDUCTIVE PRODUCTS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






TBA ELECTRO CONDUCTIVE PRODUCTS LIMITED (REGISTERED NUMBER: 05882227)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


TBA ELECTRO CONDUCTIVE PRODUCTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: B C Smith Esq
M J Lineker Esq





SECRETARY: B C Smith Esq





REGISTERED OFFICE: First Floor Suite
23 Trinity Square
LLANDUDNO
Conwy
LL30 2RH





REGISTERED NUMBER: 05882227 (England and Wales)





ACCOUNTANTS: Hawley and Company
Chartered Accountants & Chartered Tax Advisers
First Floor Suite
23 Trinity Square
LLANDUDNO
North Wales
LL30 2RH

TBA ELECTRO CONDUCTIVE PRODUCTS LIMITED (REGISTERED NUMBER: 05882227)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 15,821 19,921
Investments 5 1,975 1,975
17,796 21,896

CURRENT ASSETS
Stocks 248,920 226,868
Debtors 6 166,059 250,355
Cash at bank and in hand 28,379 16,562
443,358 493,785
CREDITORS
Amounts falling due within one year 7 318,778 389,074
NET CURRENT ASSETS 124,580 104,711
TOTAL ASSETS LESS CURRENT
LIABILITIES

142,376

126,607

CREDITORS
Amounts falling due after more than one year 8 (14,167 ) (1,186 )

PROVISIONS FOR LIABILITIES 10 (1,361 ) (2,140 )
NET ASSETS 126,848 123,281

CAPITAL AND RESERVES
Called up share capital 11 2 2
Retained earnings 126,846 123,279
SHAREHOLDERS' FUNDS 126,848 123,281

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

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

TBA ELECTRO CONDUCTIVE PRODUCTS LIMITED (REGISTERED NUMBER: 05882227)

STATEMENT OF FINANCIAL POSITION - continued
31 DECEMBER 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 22 August 2024 and were signed on its behalf by:





M J Lineker Esq - Director


TBA ELECTRO CONDUCTIVE PRODUCTS LIMITED (REGISTERED NUMBER: 05882227)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

TBA Electro Conductive Products 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.

Revenue recognition
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 etc - 10% and 20% on cost

Investments in subsidiaries
Interests in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

TBA ELECTRO CONDUCTIVE PRODUCTS LIMITED (REGISTERED NUMBER: 05882227)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued

Foreign currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Trade and other debtors
Trade and other debtors are initially recognised at their transaction price, less impairment losses for bad and doubtful debts.

Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks and other short-term highly liquid investments with original maturities of 3 months or less.

Trade and other creditors
Trade and other creditors are initially recognised at their transaction price.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 8 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 241,118
Additions 1,900
At 31 December 2023 243,018
DEPRECIATION
At 1 January 2023 221,197
Charge for year 6,000
At 31 December 2023 227,197
NET BOOK VALUE
At 31 December 2023 15,821
At 31 December 2022 19,921

TBA ELECTRO CONDUCTIVE PRODUCTS LIMITED (REGISTERED NUMBER: 05882227)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2023
and 31 December 2023 1,975
NET BOOK VALUE
At 31 December 2023 1,975
At 31 December 2022 1,975

The company's investments at the Statement of Financial Position date in the share capital of companies include the following:

Euro TBA Protective Technology Solutions India Private Limited
Registered office: India
Nature of business: Wholesale distribution
%
Class of shares: holding
Ordinary 100.00

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 87,462 127,681
Amounts owed by group undertakings - 10,231
Other debtors 27,523 54,390
Prepayments 51,074 58,053
166,059 250,355

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 34,167
Hire purchase contracts (see note 9) 1,186 3,557
Trade creditors 211,079 165,935
Social security and other taxes 24,364 53,070
Other creditors 62,649 123,845
Accruals 9,500 8,500
318,778 389,074

Other creditors includes £43,318 payable to Bibby Invoice Discounting Limited (2022: £87,032). This amount is secured by a fixed charge on the book debts of the company, together with a floating charge on other assets.

TBA ELECTRO CONDUCTIVE PRODUCTS LIMITED (REGISTERED NUMBER: 05882227)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loan 14,167 -
Hire purchase contracts (see note 9) - 1,186
14,167 1,186

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 1,186 3,557
Between one and five years - 1,186
1,186 4,743

Non-cancellable operating leases
2023 2022
£    £   
Between one and five years 63,627 96,447

10. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 1,361 2,140

Deferred
tax
£   
Balance at 1 January 2023 2,140
Accelerated capital allowances (779 )
Balance at 31 December 2023 1,361

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary £1 2 2