TC_Engineering__Maintenance_Ltd_31_Mar_2026_companies_house_set_of

T&C Engineering & Maintenance Ltd

Statement of Financial Position

31 March 2026

		31 Mar 2026
	Note	£
Fixed assets
Tangible assets	5	27,355
Current assets
Debtors	6	40,759
Cash at bank and in hand		18,273
		59,032
Creditors: amounts falling due within one year	7	(49,063	)
Net current assets		9,969
Total assets less current liabilities		37,324
Creditors: amounts falling due after more than one year	8	(9,836	)
Net assets		27,488
Capital and reserves
Called up share capital		2
Profit and loss account		27,486
Shareholders funds		27,488

For the period ending

31 March 2026

, 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 period 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.

These

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 income statement has not been delivered.

These

financial statements

were approved by the board of directors and authorised for issue on

3 August 2026

, and are signed on behalf of the board by:



Mrs C L Giffard	Mr T W Giffard
Director	Director

Company registration number:

16287855

T&C Engineering & Maintenance Ltd

Notes to the Financial Statements

Period ended

31 March 2026

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is

Suite Ff10 Brooklands House

58 Marlborough Road

Lancing

West Sussex

BN15 8AF

, United Kingdom.

2 Statement of compliance

These

financial statements

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

3 Accounting policies

Basis of preparation

The

financial statements

have been prepared on the historical cost basis, as modified by the revaluation of certain assets.

The

financial statements

are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership 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.

Current tax

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.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.

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

Plant and machinery	20% straight line
Office equipment	25% straight line
Motor vehicles	25% Reducing balance

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Finance leases and hire purchase contracts

Assets held under finance leases 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.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

4 Average number of employees

The average number of persons employed by the company during the period was

5 Tangible assets

	Plant and machinery etc.
	£
Cost
At 3 March 2025	-
Additions	32,547
At 31 March 2026	32,547
Depreciation
At 3 March 2025	-
Charge	5,192
At 31 March 2026	5,192
Carrying amount
At 31 March 2026	27,355

6 Debtors

	31 Mar 2026
	£
Trade debtors	40,623
Other debtors	136
	40,759

7 Creditors: amounts falling due within one year

	31 Mar 2026
	£
Trade creditors	1,238
Taxation and social security	40,308
Other creditors	7,517
	49,063

8 Creditors: amounts falling due after more than one year

	31 Mar 2026
	£
Other creditors	9,836

9 Directors' advances, credit and guarantees

Included in other creditors is £482 which is owed to Mr T Giffard, the director of the company. The Loan is provided on an interest free basis and is repayable on demand.