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REGISTERED NUMBER: 05634170 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

TB POWERTEC LIMITED

TB POWERTEC LIMITED (REGISTERED NUMBER: 05634170)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TB POWERTEC LIMITED

COMPANY INFORMATION
For The Year Ended 31 December 2023







DIRECTORS: Mr A L Baldwin
Mrs K M Baldwin





SECRETARY: Mrs K M Baldwin





REGISTERED OFFICE: 15 Eaton Park
Eaton Bray
Dunstable
Bedfordshire
LU6 2SP





REGISTERED NUMBER: 05634170 (England and Wales)





ACCOUNTANTS: TC Group
Baird House
Seebeck Place
Knowlhill
Milton Keynes
Buckinghamshire
MK5 8FR

TB POWERTEC LIMITED (REGISTERED NUMBER: 05634170)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 232 309

CURRENT ASSETS
Stocks 5 - 18,010
Debtors 6 182,310 197,772
Cash at bank 312,640 248,943
494,950 464,725
CREDITORS
Amounts falling due within one year 7 147,476 130,871
NET CURRENT ASSETS 347,474 333,854
TOTAL ASSETS LESS CURRENT LIABILITIES 347,706 334,163

PROVISIONS FOR LIABILITIES 8 58 77
NET ASSETS 347,648 334,086

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 347,548 333,986
SHAREHOLDERS' FUNDS 347,648 334,086

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.

TB POWERTEC LIMITED (REGISTERED NUMBER: 05634170)

BALANCE SHEET - 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 7 October 2024 and were signed on its behalf by:





Mr A L Baldwin - Director


TB POWERTEC LIMITED (REGISTERED NUMBER: 05634170)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 December 2023


1. STATUTORY INFORMATION

TB Powertec 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.
Fixtures and fittings - 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

TB POWERTEC LIMITED (REGISTERED NUMBER: 05634170)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 December 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 5,327
DEPRECIATION
At 1 January 2023 5,018
Charge for year 77
At 31 December 2023 5,095
NET BOOK VALUE
At 31 December 2023 232
At 31 December 2022 309

5. STOCKS
2023 2022
£    £   
Stocks - 18,010

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 22,200 36,437
Amounts owed by associates 160,000 160,000
CIS suffered 110 1,335
182,310 197,772

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Corporation tax 16,914 16,823
Social security and other taxes (584 ) (422 )
Net wages 10,667 2,667
VAT 6,780 7,383
Directors' current accounts 112,887 103,685
Accrued expenses 812 735
147,476 130,871

TB POWERTEC LIMITED (REGISTERED NUMBER: 05634170)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 December 2023


8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax
Accelerated capital allowances 58 77

Deferred
tax
£   
Balance at 1 January 2023 77
Provided during year (19 )
Balance at 31 December 2023 58

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The directors operate a current account. As at the year end they were owed £112,887 from the company (2022 - £103,685).

11. RELATED PARTY DISCLOSURES

Amounts owed by associates is £160,000 due from Break Properties Limited, a company controlled by the directors and shareholders.

12. ULTIMATE CONTROLLING PARTY

The company is controlled by the directors who also are the shareholders.