Tordoff Engineering Company Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 00998678

TORDOFF ENGINEERING COMPANY LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 December 2024

TORDOFF ENGINEERING COMPANY LIMITED

STATEMENT OF FINANCIAL POSITION

31 December 2024

	2024		2023
Note	£	£	£	£

FIXED ASSETS

Tangible assets	5		241,490		276,433

CURRENT ASSETS

Stocks		60,616	15,000
Debtors	6	2,480,016	2,451,196
Cash at bank and in hand		139,899	154,810
		------------	------------
		2,680,531	2,621,006

CREDITORS: amounts falling due within one year	7	388,296		368,006
		------------		------------
NET CURRENT ASSETS			2,292,235		2,253,000
			------------		------------
TOTAL ASSETS LESS CURRENT LIABILITIES			2,533,725		2,529,433

CREDITORS: amounts falling due after more than one year	8		27,222		–

PROVISIONS	58,229	66,965
	------------	------------
NET ASSETS	2,448,274	2,462,468
	------------	------------

CAPITAL AND RESERVES

Called up share capital	4,002	4,002
Profit and loss account	2,444,272	2,458,466
	------------	------------
SHAREHOLDERS FUNDS	2,448,274	2,462,468
	------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 December 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 financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

TORDOFF ENGINEERING COMPANY LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 December 2024

These financial statements were approved by the board of directors and authorised for issue on 17 September 2025 , and are signed on behalf of the board by:

Mr J M Adams

Director

Company registration number: 00998678

TORDOFF ENGINEERING COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2024

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit B4 Baird Court, Baird Court, Park Farm Industrial Estate, Wellingborough, Northamptonshire, NN8 6QJ.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis and are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Leasehold Property	-	4% straight line
Plant & Machinery	-	10% straight line
Motor Vehicles	-	20% straight line
Equipment	-	15% straight line

Stocks

Stocks are valued at the lower of cost and net realisable value. Cost includes, where appropriate, production and other direct overheads.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the year amounted to 18 (2023: 18 ).

5. TANGIBLE ASSETS

	Long leasehold property	Plant and machinery	Motor vehicles	Equipment	Total
	£	£	£	£	£
Cost
At 1 January 2024	35,892	1,201,880	12,577	25,979	1,276,328
Additions	–	10,179	–	483	10,662
	--------	------------	--------	--------	------------
At 31 December 2024	35,892	1,212,059	12,577	26,462	1,286,990
	--------	------------	--------	--------	------------
Depreciation
At 1 January 2024	5,859	963,837	12,577	17,622	999,895
Charge for the year	1,305	42,974	–	1,326	45,605
	--------	------------	--------	--------	------------
At 31 December 2024	7,164	1,006,811	12,577	18,948	1,045,500
	--------	------------	--------	--------	------------
Carrying amount
At 31 December 2024	28,728	205,248	–	7,514	241,490
	--------	------------	--------	--------	------------
At 31 December 2023	30,033	238,043	–	8,357	276,433
	--------	------------	--------	--------	------------

6. DEBTORS

	2024	2023
	£	£
Trade debtors	186,168	291,711
Amounts owed by group undertakings and undertakings in which the company has a participating interest	1,646,024	1,646,024
Other debtors	647,824	513,461
	------------	------------
	2,480,016	2,451,196
	------------	------------

7. CREDITORS: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	171,413	214,366
Amounts owed to group undertakings and undertakings in which the company has a participating interest	4,133	4,133
Social security and other taxes	109,535	117,424
Other creditors	103,215	32,083
	---------	---------
	388,296	368,006
	---------	---------

Included within other creditors are amounts totalling £23,333 relating to hire purchase agreements which are secured by the company.

8. CREDITORS: amounts falling due after more than one year

	2024	2023
	£	£
Other creditors	27,222	–
	--------	----

Included within other creditors are amounts totalling £27,222 relating to hire purchase agreements which are secured by the company.

9. RELATED PARTY TRANSACTIONS

The company has participated in transactions with related parties and has exercised the exemption allowed under FRS 102 not to disclose transactions with entities, 100% of whose voting rights are controlled within the group.

10. CONTROLLING PARTY

The ultimate holding company is Crompton Engineering Holdings Limited which is incorporated in England.