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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
Page
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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)
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Tank And Drum Collection Limited Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
6,028 
7,711 
Current assets
Inventories
2,000 
2,000 
Debtors
20,083 
22,006 
Cash at bank and in hand
128,987 
118,078 
151,070 
142,084 
Creditors: amounts falling due within one year
(106,333)
(87,948)
Net current assets
44,737 
54,136 
Net assets
50,765 
61,847 
Capital and reserves
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
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Tank And Drum Collection Limited Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Plant & machinery
20%
Motor vehicles
25%
Fixtures & fittings
15%
Computer equipment
33%
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 June 2023
60,000 
At 31 May 2024
60,000 
Amortisation
At 1 June 2023
60,000 
At 31 May 2024
60,000 
Net book value
At 31 May 2024
- 
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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 
Depreciation
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 
Net book value
At 31 May 2024
3,138 
2,435 
434 
21 
6,028 
At 31 May 2023
3,922 
3,247 
511 
31 
7,711 
6
Debtors
2024 
2023 
£ 
£ 
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 
Accruals
1,975 
1,978 
106,333 
87,948 
8
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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