Company registration number 11574945 (England and Wales)
TEWITT PLANT & FABRICATION LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
PAGES FOR FILING WITH REGISTRAR
TEWITT PLANT & FABRICATION LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
TEWITT PLANT & FABRICATION LTD
COMPANY INFORMATION
Directors
Mr D Cunniffe
Mr T J Cunniffe
Company number
11574945
Registered office
Unit 4a
121 Birchley Street
St Helens
Merseyside
England
WA10 1HU
Accountants
BK Plus Limited
7 Waterside Court
St. Helens
Merseyside
United Kingdom
WA9 1UA
TEWITT PLANT & FABRICATION LTD
BALANCE SHEET
AS AT 31 MARCH 2024
31 March 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
30,677
10,700
Current assets
Stocks
2,660
47,318
Debtors
4
125,144
39,604
Cash at bank and in hand
16,014
12,163
143,818
99,085
Creditors: amounts falling due within one year
5
(99,096)
(53,672)
Net current assets
44,722
45,413
Total assets less current liabilities
75,399
56,113
Creditors: amounts falling due after more than one year
6
(46,210)
(26,789)
Provisions for liabilities
(7,500)
(1,861)
Net assets
21,689
27,463
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
21,589
27,363
Total equity
21,689
27,463
TEWITT PLANT & FABRICATION LTD
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024
31 March 2024
- 2 -
For the financial year ended 31 March 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 of its financial statements for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved by the board of directors and authorised for issue on 20 March 2025 and are signed on its behalf by:
..............................................
Mr D Cunniffe
Director
Company registration number 11574945 (England and Wales)
TEWITT PLANT & FABRICATION LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 3 -
1
Accounting policies
Company information
Tewitt Plant & Fabrication Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Unit 4a, 121 Birchley Street, St Helens, Merseyside, England, WA10 1HU.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is recognised at the fair value of the sale of goods and services, net of value added tax, rebates and discounts. Sales of goods and services are recognised when the company has delivered goods and services to the customer.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Plant and machinery
25% reducing balance
Office equipment
33% straight line
Motor vehicles
25% reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.4
Stocks
Stocks are stated at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
1.5
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred tax
Deferred tax is provided for in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax has not been discounted.
TEWITT PLANT & FABRICATION LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 4 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
3
3
3
Tangible fixed assets
Plant and machinery
Office equipment
Motor vehicles
Total
£
£
£
£
Cost
At 1 April 2023
9,452
1,158
9,750
20,360
Additions
3,937
279
37,498
41,714
Disposals
(12,750)
(12,750)
At 31 March 2024
13,389
1,437
34,498
49,324
Depreciation and impairment
At 1 April 2023
4,342
1,006
4,312
9,660
Depreciation charged in the year
2,262
245
7,902
10,409
Eliminated in respect of disposals
(1,422)
(1,422)
At 31 March 2024
6,604
1,251
10,792
18,647
Carrying amount
At 31 March 2024
6,785
186
23,706
30,677
At 31 March 2023
5,110
152
5,438
10,700
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
19,304
33,626
Other debtors
105,840
5,978
125,144
39,604
TEWITT PLANT & FABRICATION LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 5 -
5
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
4,558
4,558
Trade creditors
22,013
7,200
Corporation tax
24,762
10,509
Other creditors
47,763
31,405
99,096
53,672
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
23,120
26,789
Other creditors
23,090
46,210
26,789
7
Operating lease commitments
Lessee
At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:
2024
2023
£
£
8,000
16,000
8
Directors' transactions
Advances or credits have been granted by the company to its directors as follows:
Description
Amounts advanced
Amounts repaid
Closing balance
£
£
£
Mr D Cunniffe - Loan
69,056
(17,406)
51,650
69,056
(17,406)
51,650
The above loan is unsecured, interest free and repayable on demand. All the figures are disclosed on an aggregate basis. The loan was repaid shortly after the year end.