| T & C MOTOR PANELS LIMITED |
| Registered Number:07448164 |
For the year ended 31 December 2024
England and Wales
Unaudited Financial Statements
For the year ended 31 December 2024
T & C MOTOR PANELS LIMITED
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
T & C MOTOR PANELS LIMITED
Abridged Statement of Financial Position
2023
2024
2
| Property, plant and equipment |
2,638
3,298
2,638
3,298
18,450
17,456
3
| Trade and other receivables |
204,803
220,456
4
362,994
| Cash and cash equivalents |
405,865
643,777
586,247
| Trade and other payables: amounts falling due within one |
| year |
(144,626)
(134,708)
5
441,621
509,069
Net current assets
| Total assets less current liabilities |
511,707
444,919
511,707
Net assets
444,919
2
2
511,705
444,917
511,707
444,919
Shareholders' funds
| For the year ended 31 December 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 ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006 |
| The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section |
| 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. |
| All the members have consented to the preparation of an Abridged Income Statement and an Abridged Statement of Financial Position for the year ended 31 December 2024 in accordance with Section 444 (2A) of the Companies Act 2006. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
| These financial statements were approved and authorised for issue by the Board on 30 September 2025 and were signed by: |
| The notes form part of these financial statements |
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For the year ended 31 December 2024
T & C MOTOR PANELS LIMITED
Notes to the Financial Statements
Statutory Information
| T & C MOTOR PANELS LIMITED is a private limited company, limited by shares, domiciled in England and Wales, |
| registration number 07448164. |
UNIT 3C, CASTLE PARK INDUSTRIAL ESTATE
BOWER STREET
OLDHAM
OL1 3LN
| The presentation currency is £ sterling. |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
| Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the |
| Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
| modified by the revaluation of certain assets. |
Revenue recognition
| Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Goodwill
| Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of 5 years. |
Property, plant and equipment
| Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Furniture and Fittings
Inventories
Stocks are valued at the lower of cost and net realisable value.
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. |
Pension costs and other post-retirement benefits
| The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable. |
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For the year ended 31 December 2024
T & C MOTOR PANELS LIMITED
Notes to the Financial Statements Continued
| Property, plant |
| and |
| equipment |
Total
469,900
425,000
44,900
469,900
425,000
44,900
| Provision for depreciation, |
| amortisation and impairment |
466,602
425,000
41,602
660
-
660
Charge for year
467,262
425,000
42,262
2,638
-
2,638
3,298
-
3,298
2023
2024
17,456
18,450
| 4. Trade and other receivables |
| 5. Trade and other payables: amounts falling due within one year |
2023
2024
18,287
20,182
| Taxation and social security |
62,739
84,218
53,682
40,226
134,708
144,626
| 6. Average number of persons employed |
During the year the average number of employees (including directors) was 18 (2023 : 17)
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