TJ Composites Ltd 11964485 false 2023-05-01 2024-04-30 2024-04-30 The principal activity of the company is boatbuilder building b-spoke tenders for super yachts. Digita Accounts Production Advanced 6.30.9574.0 true true 11964485 2023-05-01 2024-04-30 11964485 2024-04-30 11964485 bus:Director1 1 2024-04-30 11964485 bus:OrdinaryShareClass1 2024-04-30 11964485 core:RetainedEarningsAccumulatedLosses 2024-04-30 11964485 core:ShareCapital 2024-04-30 11964485 core:CurrentFinancialInstruments 2024-04-30 11964485 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 11964485 bus:SmallEntities 2023-05-01 2024-04-30 11964485 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 11964485 bus:FilletedAccounts 2023-05-01 2024-04-30 11964485 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 11964485 bus:RegisteredOffice 2023-05-01 2024-04-30 11964485 bus:Director1 2023-05-01 2024-04-30 11964485 bus:Director1 1 2023-05-01 2024-04-30 11964485 bus:OrdinaryShareClass1 2023-05-01 2024-04-30 11964485 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 11964485 countries:EnglandWales 2023-05-01 2024-04-30 11964485 bus:Director1 1 2023-04-30 11964485 2022-05-01 2023-04-30 11964485 2023-04-30 11964485 bus:Director1 1 2023-04-30 11964485 bus:OrdinaryShareClass1 2023-04-30 11964485 core:RetainedEarningsAccumulatedLosses 2023-04-30 11964485 core:ShareCapital 2023-04-30 11964485 core:CurrentFinancialInstruments 2023-04-30 11964485 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 11964485 bus:Director1 1 2022-05-01 2023-04-30 11964485 bus:Director1 1 2022-04-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 11964485

TJ Composites Ltd

Unaudited Filleted Financial Statements

for the Year Ended 30 April 2024

 

TJ Composites Ltd

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 4

 

TJ Composites Ltd

(Registration number: 11964485)
Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Current assets

 

Debtors

4

9,919

10,665

Cash at bank and in hand

 

638

358

 

10,557

11,023

Creditors: Amounts falling due within one year

(10,455)

(10,659)

Net assets

 

102

364

Capital and reserves

 

Called up share capital

5

100

100

Retained earnings

2

264

Shareholders' funds

 

102

364

For the financial year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 29 November 2024
 

.........................................
Mr T V James
Director

 

TJ Composites Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
C/o Brent King Limited
Unit 4G Oakland Office Park
Gosport
Hampshire
PO13 0GY
UK

These financial statements were authorised for issue by the director on 29 November 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

TJ Composites Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

4

Debtors

Current

2024
£

2023
£

Trade debtors

-

529

Other debtors

9,919

10,136

 

9,919

10,665

 

TJ Composites Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

5

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

100

100

100

100

       

6

Related party transactions

Transactions with the director

2024

At 1 May 2023
£

Advances to director
£

Repayments by director
£

At 30 April 2024
£

Mr T V James

Director's Loan Account

10,137

8,370

(10,137)

8,370

2023

At 1 May 2022
£

Repayments by director
£

At 30 April 2023
£

Mr T V James

Director's Loan Account

10,318

(181)

10,137