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Registered number: 13347555
Tc Composites Ltd
Unaudited Financial Statements
For The Year Ended 30 April 2025
Loveless & Co Accountants Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13347555
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,360 1,815
1,360 1,815
CURRENT ASSETS
Debtors 5 1,523 2,284
Cash at bank and in hand - 1,000
1,523 3,284
Creditors: Amounts Falling Due Within One Year 6 (26,537 ) (22,574 )
NET CURRENT ASSETS (LIABILITIES) (25,014 ) (19,290 )
TOTAL ASSETS LESS CURRENT LIABILITIES (23,654 ) (17,475 )
Creditors: Amounts Falling Due After More Than One Year 7 (6,800 ) (7,000 )
NET LIABILITIES (30,454 ) (24,475 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (30,554 ) (24,575 )
SHAREHOLDERS' FUNDS (30,454) (24,475)
Page 1
Page 2
For the year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr W E Wright
Director
06/11/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Tc Composites Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13347555 . The registered office is 16 High Lawn Way, Havant, Hampshire, PO9 5BP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% RB
Fixtures & Fittings 25% RB
Computer Equipment 25% RB
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 May 2024 2,016 490 647 3,153
As at 30 April 2025 2,016 490 647 3,153
Depreciation
As at 1 May 2024 766 234 338 1,338
Provided during the period 313 64 78 455
As at 30 April 2025 1,079 298 416 1,793
Net Book Value
As at 30 April 2025 937 192 231 1,360
As at 1 May 2024 1,250 256 309 1,815
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Page 4
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 1,523 2,284
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Bank loans and overdrafts 6,844 2,942
Other creditors 18,128 17,909
Taxation and social security 1,565 1,723
26,537 22,574
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Other loans 6,800 7,000
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
9. Ultimate Controlling Party
The company's ultimate controlling party is Mr W E Wright .
Page 4