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REGISTERED NUMBER: 02768370 (England and Wales)













Torque Fast Calibration Ltd

Unaudited Financial Statements

for the Year Ended 30 September 2024






Torque Fast Calibration Ltd (Registered number: 02768370)






Contents of the Financial Statements
for the year ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Torque Fast Calibration Ltd

Company Information
for the year ended 30 September 2024







DIRECTOR: P J Holdcroft





REGISTERED OFFICE: Calibration House
Canal Lane
Tunstall
Stoke on Trent
Staffordshire
ST6 4NZ





REGISTERED NUMBER: 02768370 (England and Wales)





ACCOUNTANTS: Slaters & Co Accountants
Lymore Villa
162a London Road
Chesterton
Newcastle
Staffordshire
ST5 7JB

Torque Fast Calibration Ltd (Registered number: 02768370)

Balance Sheet
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 19,449 19,341

CURRENT ASSETS
Debtors 6 53,744 36,457
Cash at bank and in hand 45,887 62,742
99,631 99,199
CREDITORS
Amounts falling due within one year 7 42,382 38,563
NET CURRENT ASSETS 57,249 60,636
TOTAL ASSETS LESS CURRENT
LIABILITIES

76,698

79,977

PROVISIONS FOR LIABILITIES 3,695 3,040
NET ASSETS 73,003 76,937

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 72,903 76,837
73,003 76,937

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Torque Fast Calibration Ltd (Registered number: 02768370)

Balance Sheet - continued
30 September 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 June 2025 and were signed by:





P J Holdcroft - Director


Torque Fast Calibration Ltd (Registered number: 02768370)

Notes to the Financial Statements
for the year ended 30 September 2024

1. STATUTORY INFORMATION

Torque Fast Calibration Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoice value of services provided, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on cost
Computer equipment - 20% on cost

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

Torque Fast Calibration Ltd (Registered number: 02768370)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 October 2023 36,792 14,858 41,627 8,794 102,071
Additions 1,891 - - 3,832 5,723
At 30 September 2024 38,683 14,858 41,627 12,626 107,794
DEPRECIATION
At 1 October 2023 30,842 14,332 29,583 7,973 82,730
Charge for year 1,568 105 3,011 931 5,615
At 30 September 2024 32,410 14,437 32,594 8,904 88,345
NET BOOK VALUE
At 30 September 2024 6,273 421 9,033 3,722 19,449
At 30 September 2023 5,950 526 12,044 821 19,341

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 October 2023
and 30 September 2024 17,449
DEPRECIATION
At 1 October 2023 15,951
Charge for year 375
At 30 September 2024 16,326
NET BOOK VALUE
At 30 September 2024 1,123
At 30 September 2023 1,498

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 47,847 28,297
Other debtors 5,897 8,160
53,744 36,457

Torque Fast Calibration Ltd (Registered number: 02768370)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts - 1,460
Trade creditors 7,908 6,698
Taxation and social security 18,575 14,939
Other creditors 15,899 15,466
42,382 38,563

8. RELATED PARTY DISCLOSURES

The company owed its director Mr P J Holdcroft £12,213 as at 30th September 2024 (2023 £11,752). The loan is interest free and repayable on demand.