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REGISTERED NUMBER: 04081744 (England and Wales)




















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

TCI Seating Ltd

TCI Seating Ltd (Registered number: 04081744)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TCI Seating Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr R T Billinge
Mrs K Billinge





SECRETARY: Mr R T Billinge





REGISTERED OFFICE: 63 Broad Green
Wellingborough
Northamptonshire
NN8 4LQ





REGISTERED NUMBER: 04081744 (England and Wales)





ACCOUNTANTS: Clifford Roberts
Chartered Accountants
63 Broad Green
Wellingborough
Northamptonshire
NN8 4LQ

TCI Seating Ltd (Registered number: 04081744)

Balance Sheet
31 March 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 108,332 110,285

CURRENT ASSETS
Stocks 8,026 7,923
Debtors 5 99,812 118,295
Cash at bank 109,030 104,515
216,868 230,733
CREDITORS
Amounts falling due within one year 6 185,123 190,171
NET CURRENT ASSETS 31,745 40,562
TOTAL ASSETS LESS CURRENT
LIABILITIES

140,077

150,847

PROVISIONS FOR LIABILITIES 90 153
NET ASSETS 139,987 150,694

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings 139,986 150,693
SHAREHOLDERS' FUNDS 139,987 150,694

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 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.

TCI Seating Ltd (Registered number: 04081744)

Balance Sheet - continued
31 March 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 November 2024 and were signed on its behalf by:





Mr R T Billinge - Director


TCI Seating Ltd (Registered number: 04081744)

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

1. STATUTORY INFORMATION

TCI Seating Ltd 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.

This is the first period that the Company has presented its financial statements under Section 1A of FRS 102 issued by the Financial Reporting Council. The last financial statements under previous GAAP were for the period 31st Match 2016 and the date of transition to FRS102 was therefore 1st April 2015. There were no changes in the transition from GAAP to Section 1A of FRS 102.

Revenue
Turnover represents net invoices sale of goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 20% on cost
Computer equipment - 20% on cost

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 Statement of Income and Retained Earnings, 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.

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.

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.

TCI Seating Ltd (Registered number: 04081744)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Computer
property machinery fittings equipment Totals
£ £ £ £ £
COST
At 1 April 2023
and 31 March 2024 111,101 3,070 1,634 3,516 119,321
DEPRECIATION
At 1 April 2023 1,622 3,069 1,409 2,936 9,036
Charge for year 1,622 - 138 193 1,953
At 31 March 2024 3,244 3,069 1,547 3,129 10,989
NET BOOK VALUE
At 31 March 2024 107,857 1 87 387 108,332
At 31 March 2023 109,479 1 225 580 110,285

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 99,553 118,036
Other debtors 259 259
99,812 118,295

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors 45,890 45,912
Taxation and social security 18,096 22,854
Other creditors 121,137 121,405
185,123 190,171

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
1 Ordinary £1 1 1