Company Registration No. 05441640 (England and Wales)
Tank And Drum Collection Limited
Unaudited accounts
for the year ended 31 May 2024
Tank And Drum Collection Limited
Unaudited accounts
Contents
Tank And Drum Collection Limited
Company Information
for the year ended 31 May 2024
Directors
VH Morgan
RE Morgan
Company Number
05441640 (England and Wales)
Tank And Drum Collection Limited
Statement of financial position
as at 31 May 2024
Tangible assets
6,028
7,711
Cash at bank and in hand
128,987
118,078
Creditors: amounts falling due within one year
(106,333)
(87,948)
Net current assets
44,737
54,136
Called up share capital
100
100
Profit and loss account
50,665
61,747
Shareholders' funds
50,765
61,847
For the year ending 31 May 2024 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 4 December 2024 and were signed on its behalf by
RE Morgan
Director
Company Registration No. 05441640
Tank And Drum Collection Limited
Notes to the Accounts
for the year ended 31 May 2024
Tank And Drum Collection Limited is a private company, limited by shares, registered in England and Wales, registration number 05441640.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives on a reducing balance basis:
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
Tank And Drum Collection Limited
Notes to the Accounts
for the year ended 31 May 2024
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 June 2023
41,512
39,126
11,356
653
92,647
At 31 May 2024
41,512
39,126
11,356
653
92,647
At 1 June 2023
37,590
35,879
10,845
622
84,936
Charge for the year
784
812
77
10
1,683
At 31 May 2024
38,374
36,691
10,922
632
86,619
At 31 May 2024
3,138
2,435
434
21
6,028
At 31 May 2023
3,922
3,247
511
31
7,711
Amounts falling due after more than one year
Trade debtors
20,083
22,006
7
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
11,335
15,861
Loans from directors
93,023
70,109
8
Average number of employees
During the year the average number of employees was 3 (2023: 3).