REGISTERED NUMBER: |
TESTWORKS MANUFACTURING LIMITED |
Unaudited Financial Statements |
for the Period 1 December 2023 to 31 October 2024 |
REGISTERED NUMBER: |
TESTWORKS MANUFACTURING LIMITED |
Unaudited Financial Statements |
for the Period 1 December 2023 to 31 October 2024 |
TESTWORKS MANUFACTURING LIMITED (REGISTERED NUMBER: 08314755) |
Contents of the Financial Statements |
for the Period 1 December 2023 to 31 October 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
TESTWORKS MANUFACTURING LIMITED |
Company Information |
for the Period 1 December 2023 to 31 October 2024 |
Directors: |
Registered office: |
Registered number: |
Accountants: |
NP-105, iCentre |
Howard Way |
Newport Pagnell |
Milton Keynes |
Buckinghamshire |
MK16 9PY |
TESTWORKS MANUFACTURING LIMITED (REGISTERED NUMBER: 08314755) |
Balance Sheet |
31 October 2024 |
31/10/24 | 30/11/23 |
Notes | £ | £ | £ | £ |
Fixed assets |
Intangible assets | 4 |
Tangible assets | 5 |
Current assets |
Stocks |
Debtors | 6 |
Cash at bank |
Creditors |
Amounts falling due within one year | 7 |
Net current assets |
Total assets less current liabilities |
Creditors |
Amounts falling due after more than one year | 8 |
Net assets |
Capital and reserves |
Called up share capital |
Retained earnings |
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. |
The financial statements were approved by the Board of Directors and authorised for issue on |
TESTWORKS MANUFACTURING LIMITED (REGISTERED NUMBER: 08314755) |
Notes to the Financial Statements |
for the Period 1 December 2023 to 31 October 2024 |
1. | Statutory information |
Testworks Manufacturing Limited is a |
2. | Accounting policies |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Goodwill |
Tangible fixed assets |
Plant & Machinery - 20% Straightline |
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 period comprises current and deferred tax. Tax is recognised in the Income Statement, 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. |
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
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. |
Going concern |
The directors will continue to adopt the going concern basis in preparing the financial statements which assumes that the company will continue in operation for the foreseeable future. |
3. | Employees and directors |
The average number of employees during the period was |
TESTWORKS MANUFACTURING LIMITED (REGISTERED NUMBER: 08314755) |
Notes to the Financial Statements - continued |
for the Period 1 December 2023 to 31 October 2024 |
4. | Intangible fixed assets |
Patents |
and |
Goodwill | licences | Totals |
£ | £ | £ |
Cost |
At 1 December 2023 |
Additions |
Disposals | ( |
) | ( |
) |
At 31 October 2024 |
Amortisation |
Amortisation for period |
At 31 October 2024 |
Net book value |
At 31 October 2024 |
At 30 November 2023 |
5. | Tangible fixed assets |
Plant and |
machinery |
£ |
Cost |
At 1 December 2023 |
Additions |
At 31 October 2024 |
Depreciation |
Charge for period |
At 31 October 2024 |
Net book value |
At 31 October 2024 |
At 30 November 2023 |
6. | Debtors |
31/10/24 | 30/11/23 |
£ | £ |
Amounts falling due within one year: |
Trade debtors |
Other debtors |
VAT |
Called up share capital not paid |
Prepayments |
Amounts falling due after more than one year: |
Amounts owed by associates |
Aggregate amounts |
TESTWORKS MANUFACTURING LIMITED (REGISTERED NUMBER: 08314755) |
Notes to the Financial Statements - continued |
for the Period 1 December 2023 to 31 October 2024 |
7. | Creditors: amounts falling due within one year |
31/10/24 | 30/11/23 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Tax |
Social security and other taxes |
VAT | - | 27,013 |
Other creditors |
Accruals and deferred income |
Accrued expenses |
8. | Creditors: amounts falling due after more than one year |
31/10/24 | 30/11/23 |
£ | £ |
Finance leases |
Amounts owed to associates | - | 54,421 |