General Information
Tam Engineering Services Limited is a private company, limited by shares, registered in England and Wales, registration number 02958263, registration address 286 Leverington Common, Leverington, Wisbech, PE13 5JG.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Tangible fixed assets
Tangible fixed assets, 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:
| Plant and Machinery |
25 Reducing Balance
|
| Motor Vehicles |
25 Reducing Balance
|
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
|
| 2. |
Average number of employees
Average number of employees during the year was 10 (2024 : 13).
|
| 3. |
Tangible fixed assets
| Cost or valuation |
Plant and Machinery |
|
Motor Vehicles |
|
Total |
| |
£ |
|
£ |
|
£ |
| At 01 April 2024 |
302,527 |
|
29,700 |
|
332,227 |
| Additions |
- |
|
- |
|
- |
| Disposals |
- |
|
- |
|
- |
| At 31 March 2025 |
302,527 |
|
29,700 |
|
332,227 |
| Depreciation |
| At 01 April 2024 |
192,565 |
|
22,743 |
|
215,308 |
| Charge for year |
26,912 |
|
1,739 |
|
28,651 |
| On disposals |
- |
|
- |
|
- |
| At 31 March 2025 |
219,477 |
|
24,482 |
|
243,959 |
| Net book values |
| Closing balance as at 31 March 2025 |
83,050 |
|
5,218 |
|
88,268 |
| Opening balance as at 01 April 2024 |
104,580 |
|
6,957 |
|
111,537 |
|
| 4. |
Stocks
|
2025
£ |
|
2024
£ |
| Work in Progress |
77,158 |
|
118,288 |
| Stocks |
27,322 |
|
35,947 |
|
104,480 |
|
154,235 |
|
| 5. |
Debtors: amounts falling due within one year
|
2025
£ |
|
2024
£ |
| Trade Debtors |
429,542 |
|
373,443 |
| Other Debtors |
49,249 |
|
8,920 |
|
478,791 |
|
382,363 |
|
| 5. |
Debtors: amounts falling due after one year
|
2025
£ |
|
2024
£ |
| Other Debtors |
1,007 |
|
- |
|
1,007 |
|
- |
|
| 6. |
Creditors: amount falling due within one year
|
2025
£ |
|
2024
£ |
| Trade Creditors |
278,456 |
|
226,177 |
| Bank Loans & Overdrafts |
6,000 |
|
6,000 |
| Taxation and Social Security |
82,277 |
|
66,085 |
| Obligations under HP/Financial Leases |
22,867 |
|
22,867 |
| Other Creditors |
7,367 |
|
2,379 |
|
396,967 |
|
323,508 |
|
| 7. |
Creditors: amount falling due after more than one year
|
2025
£ |
|
2024
£ |
| Bank Loans & Overdrafts |
1,500 |
|
7,500 |
| Obligations under HP/Financial Leases |
22,867 |
|
45,733 |
|
24,367 |
|
53,233 |
|
| 8. |
Provisions for liabilities
|
2025
£ |
|
2024
£ |
| Deferred Tax |
16,771 |
|
21,192 |
|
16,771 |
|
21,192 |
|
| 9. |
Revaluation Reserves
|
2025
£ |
|
2024
£ |
| Revaluation Reserve b/fwd |
15,000 |
|
15,000 |
|
15,000 |
|
15,000 |
|
2
|