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REGISTERED NUMBER: 09508093 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

TCR WALSALL LIMITED

TCR WALSALL LIMITED (REGISTERED NUMBER: 09508093)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


TCR WALSALL LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2024







DIRECTOR: Mr A A Harrison





REGISTERED OFFICE: 1 Roman Close
Brownhills
Walsall
West Midlands
WS8 7NN





REGISTERED NUMBER: 09508093 (England and Wales)





ACCOUNTANTS: Wright & Co Partnership Limited
Chartered Accountants
5 Walsall Street
Wednesbury
West Midlands
WS10 9BZ

TCR WALSALL LIMITED (REGISTERED NUMBER: 09508093)

ABRIDGED BALANCE SHEET
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 37,453 5,145

CURRENT ASSETS
Stocks 63,000 42,100
Debtors 95,287 59,365
Cash at bank 12,015 15,552
170,302 117,017
CREDITORS
Amounts falling due within one year 125,395 83,590
NET CURRENT ASSETS 44,907 33,427
TOTAL ASSETS LESS CURRENT
LIABILITIES

82,360

38,572

CREDITORS
Amounts falling due after more than one year 80,350 29,167
NET ASSETS 2,010 9,405

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 2,008 9,403
SHAREHOLDERS' FUNDS 2,010 9,405

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 November 2024 and were signed by:





Mr A A Harrison - Director


TCR WALSALL LIMITED (REGISTERED NUMBER: 09508093)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

TCR Walsall 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost and 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

TCR WALSALL LIMITED (REGISTERED NUMBER: 09508093)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023 24,994
Additions 44,795
At 31 March 2024 69,789
DEPRECIATION
At 1 April 2023 19,849
Charge for year 12,487
At 31 March 2024 32,336
NET BOOK VALUE
At 31 March 2024 37,453
At 31 March 2023 5,145

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
Additions 44,795
At 31 March 2024 44,795
DEPRECIATION
Charge for year 11,200
At 31 March 2024 11,200
NET BOOK VALUE
At 31 March 2024 33,595

5. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr A A Harrison.