T.J. Services (UK) Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 03968424 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

FOR

T.J. SERVICES (UK) LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

G R Harvey

T A Jones

N Cooper

REGISTERED OFFICE:

Town Station

Hill Street

Lydney

Gloucestershire

GL15 5HL

REGISTERED NUMBER:

03968424 (England and Wales)

ACCOUNTANTS:

Crowe U.K. LLP

4th Floor

St James House

St James Square

Cheltenham

Gloucestershire

GL50 3PR

FIXED ASSETS

Property, plant and equipment

4

247,568

300,231

CURRENT ASSETS

Inventories

1,477,961

1,087,467

Debtors

5

79,074

180,883

Cash at bank and in hand

504,765

801,703

2,061,800

2,070,053

CREDITORS

Amounts falling due within one year

6

830,621

867,297

NET CURRENT ASSETS

1,231,179

1,202,756

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,478,747

1,502,987

CREDITORS

Amounts falling due after more than one
year

7

(20,958

)

(75,338

)

PROVISIONS FOR LIABILITIES

9

(375,552

)

(374,153

)

NET ASSETS

1,082,237

1,053,496

CAPITAL AND RESERVES

Called up share capital

100

Share premium

1,253

Retained earnings

1,080,884

1,052,143

SHAREHOLDERS' FUNDS

1,082,237

1,053,496

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 in accordance with Section 476 of the Companies Act 2006.

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 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 August 2025 and were signed on its behalf by:

T A Jones - Director

1.	STATUTORY INFORMATION

T.J. Services (UK) 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.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 reducing balance

Fixtures and fittings

-

20% on cost

Motor vehicles

-

25% on reducing balance

Stocks

Inventories 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 year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

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.

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.

Provisions for liabilities

Provisions are made where an event has taken place that gives the company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to profit or loss in the year that the company becomes aware of the obligation, and are measured at the best estimate at the Balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the Balance sheet.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2024 - 25 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

Cost

At 1 May 2024

84,778

58,895

522,348

666,021

Additions

-

20,625

41,808

62,433

Disposals

-

(72,172

)

(72,172

)

At 30 April 2025

84,778

79,520

491,984

656,282

Depreciation

At 1 May 2024

68,397

51,310

246,083

365,790

Charge for year

3,349

6,151

75,509

85,009

Eliminated on disposal

-

(42,085

)

(42,085

)

At 30 April 2025

71,746

57,461

279,507

408,714

Net book value

At 30 April 2025

13,032

22,059

212,477

247,568

At 30 April 2024

16,381

7,585

276,265

300,231

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

Cost

At 1 May 2024

211,246

Additions

41,808

Disposals

(36,349

)

Transfer to ownership

(24,325

)

At 30 April 2025

192,380

Depreciation

At 1 May 2024

61,437

Charge for year

44,498

Eliminated on disposal

(16,073

)

Transfer to ownership

(16,201

)

At 30 April 2025

73,661

Net book value

At 30 April 2025

118,719

At 30 April 2024

149,809

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

1,188

10,482

Other debtors

77,886

170,401

79,074

180,883

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

30,000

Hire purchase contracts (see note 8)

47,420

54,386

Trade creditors

587,212

489,389

Taxation and social security

58,412

89,461

Other creditors

107,577

204,061

830,621

867,297

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

Bank loans

2,500

32,500

Hire purchase contracts (see note 8)

18,458

42,838

20,958

75,338

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2025

2024

£

Net obligations repayable:

Within one year

47,420

54,386

Between one and five years

18,458

42,838

65,878

97,224

Non-cancellable

operating leases

2025

2024

£

Within one year

36,000

Between one and five years

144,000

In more than five years

57,000

93,000

237,000

273,000

9.	PROVISIONS FOR LIABILITIES

2025

2024

£

Deferred tax

58,965

71,944

Warranty provision

316,587

302,209

375,552

374,153

Deferred

tax

£

Balance at 1 May 2024

71,944

Provided during year

(12,979

)

Balance at 30 April 2025

58,965

10.	RELATED PARTY DISCLOSURES

Included within other debtors, amounts falling due within one year, is a loan in the sum of £8,050 (2024: £55,000) due from SWM (Insulations) Ltd, a company the directors have an interest in. The amount is unsecured, interest free and carries no fixed date of repayment.

Included in creditors: amounts falling due within one year is a director’s loan account in the sum of £31,168 (2024: £41,009) which has been provided by Mr. T A Jones. The account is unsecured, interest free and carries no fixed date of repayment.

Included in creditors: amounts falling due within one year is a director’s loan account in the sum of £6,518 (2024: £13,345) which has been provided by Mr. G Harvey. The account is unsecured, interest free and carry no fixed date of repayment.