Company No:
Contents
DIRECTOR | Mr P M Bruce (Resigned 23 May 2024) |
Mr P Harrison (Appointed 23 May 2024) |
REGISTERED OFFICE | Carlyle House |
78 Chorley New Road | |
Bolton | |
BL1 4BY | |
United Kingdom |
COMPANY NUMBER | 13811485 (England and Wales) |
CHARTERED ACCOUNTANTS | Barlow Andrews LLP |
Carlyle House | |
78 Chorley New Road | |
Bolton |
Note | 29.02.2024 | 28.02.2023 | ||
£ | £ | |||
Fixed assets | ||||
Tangible assets | 4 |
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39,845 | 45,905 | |||
Current assets | ||||
Stocks |
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Debtors | 5 |
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Cash at bank and in hand |
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39,913 | 51,993 | |||
Creditors: amounts falling due within one year | 6 | (
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Net current liabilities | (228,715) | (145,824) | ||
Total assets less current liabilities | (188,870) | (99,919) | ||
Net liabilities | (
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Capital and reserves | ||||
Called-up share capital |
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Profit and loss account | (
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Total shareholders' deficit | (
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Director's responsibilities:
The financial statements of Tilson Manufacturing Limited (registered number:
Mr P Harrison
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.
Tilson Manufacturing Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Carlyle House, 78 Chorley New Road, Bolton, BL1 4BY, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.
Short term benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised as an expense when the Company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.
Plant and machinery |
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The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).
When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.
Year ended 29.02.2024 |
Period from 21.12.2021 to 28.02.2023 |
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Number | Number | ||
Monthly average number of persons employed by the Company during the year, including the director |
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Plant and machinery | Total | ||
£ | £ | ||
Cost | |||
At 01 March 2023 |
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Additions |
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At 29 February 2024 |
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Accumulated depreciation | |||
At 01 March 2023 |
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Charge for the financial year |
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At 29 February 2024 |
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Net book value | |||
At 29 February 2024 |
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At 28 February 2023 |
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29.02.2024 | 28.02.2023 | ||
£ | £ | ||
Trade debtors |
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Other debtors |
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29.02.2024 | 28.02.2023 | ||
£ | £ | ||
Trade creditors |
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Other taxation and social security |
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Other creditors |
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As at the balance sheet date the company was owed the following amounts by related companies. The amounts are disclosed as Other debtors :
Tradescape Holdings Limited £100 (2023:£100).
As at the balance sheet date the company owed the following amounts to related companies. The amounts are disclosed as Other creditors :
Tradescape Limited £57,550 (2023:£2,447) &
Surfaces Group Limited £149,538 (2023:£139,020).