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REGISTERED NUMBER: 02742166 (England and Wales)














Financial Statements for the Year Ended 31 May 2024

for

Tilbury Asphalt (Holdings) Limited

Tilbury Asphalt (Holdings) Limited (Registered number: 02742166)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Tilbury Asphalt (Holdings) Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: Mrs C Amos
Mr J D Brookes





REGISTERED OFFICE: Tilbury House
Barlow Way
Rainham
Essex
RM13 8UF





REGISTERED NUMBER: 02742166 (England and Wales)





ACCOUNTANTS: Nordens
The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY

Tilbury Asphalt (Holdings) Limited (Registered number: 02742166)

Statement of Financial Position
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 368,944 371,353
Investments 5 3 3
368,947 371,356

CURRENT ASSETS
Debtors 6 226,536 262,592
Cash at bank 151,426 165,727
377,962 428,319
CREDITORS
Amounts falling due within one year 7 106,521 167,555
NET CURRENT ASSETS 271,441 260,764
TOTAL ASSETS LESS CURRENT LIABILITIES 640,388 632,120

CAPITAL AND RESERVES
Called up share capital 152 152
Retained earnings 640,236 631,968
640,388 632,120

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 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.

Tilbury Asphalt (Holdings) Limited (Registered number: 02742166)

Statement of Financial Position - continued
31 May 2024


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 9 October 2024 and were signed on its behalf by:





Mrs C Amos - Director


Tilbury Asphalt (Holdings) Limited (Registered number: 02742166)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Tilbury Asphalt (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.

Turnover represents the amounts (excluding value added tax) derived from the provision of services to customers during the year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Buildings - 2% on cost
Fixtures and fittings - 15% on reducing balance

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Tilbury Asphalt (Holdings) Limited (Registered number: 02742166)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property Buildings fittings Totals
£    £    £    £   
COST
At 1 June 2023
and 31 May 2024 262,000 141,205 31,733 434,938
DEPRECIATION
At 1 June 2023 - 32,094 31,491 63,585
Charge for year - 2,372 37 2,409
At 31 May 2024 - 34,466 31,528 65,994
NET BOOK VALUE
At 31 May 2024 262,000 106,739 205 368,944
At 31 May 2023 262,000 109,111 242 371,353

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 June 2023
and 31 May 2024 3
NET BOOK VALUE
At 31 May 2024 3
At 31 May 2023 3

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Amounts owed by group undertakings 226,536 262,592

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors 1,698 8,569
Taxation and social security 69,758 95,127
Other creditors 35,065 63,859
106,521 167,555

Tilbury Asphalt (Holdings) Limited (Registered number: 02742166)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

8. RELATED PARTY DISCLOSURES

The director, Mrs C Amos, is considered to be the key management personnel.