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Registration number: 04012467

Tewkesbury (Diamond Chrome) Plating Co Ltd

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 30 June 2024

 

Tewkesbury (Diamond Chrome) Plating Co Ltd

Contents

Company Information

1

Directors' Report

2

Abridged Balance Sheet

3 to 4

Notes to the Unaudited Abridged Financial Statements

5 to 10

 

Tewkesbury (Diamond Chrome) Plating Co Ltd

Company Information

Directors

Mrs A Opperman

M Opperman

P A E Opperman

G Todd

Registered office

Hunt House Farm
Frith Common
Tenbury Wells
Worcestershire
WR15 8JY

Accountants

Perrigo Consultants Limited
Chartered Certified Accountants
Anglo House
Worcester Road
Stourport on Severn
DY13 9AW

 

Tewkesbury (Diamond Chrome) Plating Co Ltd

Directors' Report for the Year Ended 30 June 2024

The directors present their report and the abridged financial statements for the year ended 30 June 2024.

Directors of the company

The directors who held office during the year were as follows:

M Opperman

P A E Opperman

G Todd

The following director was appointed after the year end:

Mrs A Opperman (appointed 1 August 2024)

Principal activity

The principal activity of the company is treatment and coating of metals.

Small companies provision statement

This report has 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.

Approved and authorised by the Board on 25 March 2025 and signed on its behalf by:
 

.........................................
G Todd
Director

 

Tewkesbury (Diamond Chrome) Plating Co Ltd

(Registration number: 04012467)
Abridged Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

520,882

524,549

Investments

6

285,867

307,225

 

806,749

831,774

Current assets

 

Stocks

7

41,777

30,629

Debtors

8

281,555

278,867

Cash at bank and in hand

 

279,566

78,272

 

602,898

387,768

Creditors: Amounts falling due within one year

(348,046)

(286,457)

Net current assets

 

254,852

101,311

Total assets less current liabilities

 

1,061,601

933,085

Creditors: Amounts falling due after more than one year

(29,079)

(90,469)

Provisions for liabilities

(34,217)

(25,963)

Accruals and deferred income

 

(177,434)

(79,590)

Net assets

 

820,871

737,063

Capital and reserves

 

Called up share capital

9

300,000

300,000

Capital redemption reserve

50,000

50,000

Revaluation reserve

83,329

83,329

Retained earnings

387,542

303,734

Shareholders' funds

 

820,871

737,063

 

Tewkesbury (Diamond Chrome) Plating Co Ltd

(Registration number: 04012467)
Abridged Balance Sheet as at 30 June 2024

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

Directors' 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 directors acknowledge their 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.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 25 March 2025 and signed on its behalf by:
 

.........................................
G Todd
Director

 

Tewkesbury (Diamond Chrome) Plating Co Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 June 2024

1

General information

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

The address of its registered office is:
Hunt House Farm
Frith Common
Tenbury Wells
Worcestershire
WR15 8JY

These financial statements were authorised for issue by the Board on 25 March 2025.

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 abridged 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 abridged 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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, 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 and deferred 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.

 

Tewkesbury (Diamond Chrome) Plating Co Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 June 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Land and buildings

Straight line 1%

Plant and machinery

Reducing balance 15%

Motor vehicles

Reducing balance 25%

Furniture and fittings

Straight line 20%

Office equipment

Straight line 33.33%

Investments

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or 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.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

Tewkesbury (Diamond Chrome) Plating Co Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 June 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 18 (2023 - 21).

4

Profit before tax

Arrived at after charging/(crediting)

2024
£

2023
£

Depreciation expense

29,898

28,470

 

Tewkesbury (Diamond Chrome) Plating Co Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 June 2024

5

Tangible assets

Land and buildings
£

Fixtures and fittings
£

Plant and machinery
£

Motor vehicles
 £

Cost or valuation

At 1 July 2023

400,000

51,746

706,879

13,544

Additions

-

-

5,664

21,250

Disposals

-

-

-

(13,544)

At 30 June 2024

400,000

51,746

712,543

21,250

Depreciation

At 1 July 2023

11,988

50,804

571,967

12,861

Charge for the year

3,996

354

20,232

5,316

Eliminated on disposal

-

-

-

(12,861)

At 30 June 2024

15,984

51,158

592,199

5,316

Carrying amount

At 30 June 2024

384,016

588

120,344

15,934

At 30 June 2023

388,012

942

134,912

683

Total
£

Cost or valuation

At 1 July 2023

1,172,169

Additions

26,914

Disposals

(13,544)

At 30 June 2024

1,185,539

Depreciation

At 1 July 2023

647,620

Charge for the year

29,898

Eliminated on disposal

(12,861)

At 30 June 2024

664,657

Carrying amount

At 30 June 2024

520,882

At 30 June 2023

524,549

Included within the net book value of land and buildings above is £384,016 (2023 - £388,012) in respect of freehold land and buildings.
 

 

Tewkesbury (Diamond Chrome) Plating Co Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 June 2024

6

Investments

Total
£

Cost or valuation

At 1 July 2023

307,225

Disposals

(21,358)

At 30 June 2024

285,867

Provision

Carrying amount

At 30 June 2024

285,867

At 30 June 2023

307,225

2024
£

2023
£

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

2024

2023

Subsidiary undertakings

Strikezone Peening Ltd

Hunt House Farm, Frith Common, Tenbury wells, Worcester, Worcestershire, WR15 8JY

England

Ordinary Ordinary A

100%
100%

100%
100%

Subsidiary undertakings

Strikezone Peening Ltd

The principal activity of Strikezone Peening Ltd is Treament and coating of metals.

7

Stocks

2024
£

2023
£

Other inventories

41,777

30,629

 

Tewkesbury (Diamond Chrome) Plating Co Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 June 2024

8

Debtors

Debtors includes £Nil (2023 - £Nil) due after more than one year.

9

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

300,000

300,000

300,000

300,000

       

10

Dividends

Interim dividends paid

2024
£

2023
£

Interim dividend of £0.016 per each Ordinary

4,833

4,833