TC COMMERCIAL REPAIRS LIMITED

Company Registration Number:
14496828 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2024

Period of accounts

Start date: 21 November 2022

End date: 31 March 2024

TC COMMERCIAL REPAIRS LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2024

Balance sheet
Notes

TC COMMERCIAL REPAIRS LIMITED

Balance sheet

As at 31 March 2024


Notes

16 months to 31 March 2024


£
Fixed assets
Tangible assets: 3 5,022,354
Total fixed assets: 5,022,354
Current assets
Debtors:   23,539
Cash at bank and in hand: 199,716
Total current assets: 223,255
Creditors: amounts falling due within one year:   (230,087)
Net current assets (liabilities): (6,832)
Total assets less current liabilities: 5,015,522
Total net assets (liabilities): 5,015,522
Capital and reserves
Called up share capital: 4
Share premium account: 5,011,235
Profit and loss account: 4,283
Shareholders funds: 5,015,522

The notes form part of these financial statements

TC COMMERCIAL REPAIRS LIMITED

Balance sheet statements

For the year ending 31 March 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 16 October 2024
and signed on behalf of the board by:

Name: A Crolla
Status: Director

The notes form part of these financial statements

TC COMMERCIAL REPAIRS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

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 and depreciation policy

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Freehold Property is valued at market value.

Other accounting policies

Taxation Taxation for the period 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. 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.

TC COMMERCIAL REPAIRS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

2. Employees

16 months to 31 March 2024
Average number of employees during the period 4

TC COMMERCIAL REPAIRS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Tangible Assets

Total
Cost £
Additions 5,022,354
At 31 March 2024 5,022,354
Net book value
At 31 March 2024 5,022,354