Teesside Taping Contractors Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 06650961 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2026

for

Teesside Taping Contractors Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

P Watson

Mrs H Watson

SECRETARY:

Mrs H Watson

REGISTERED OFFICE:

33 Westmoreland Grove

Stockton-On-Tees

Cleveland

TS20 1PA

REGISTERED NUMBER:

06650961 (England and Wales)

ACCOUNTANTS:

Switch Accountants

Switch House

City West Business Park

St John's Road

Meadowfield

Durham

DH7 8ER

FIXED ASSETS

Tangible assets

4

8,912

5,596

CURRENT ASSETS

Stocks

5

60,044

Debtors

6

2,857

6,201

62,901

66,245

CREDITORS

Amounts falling due within one year

7

58,127

63,023

NET CURRENT ASSETS

4,774

3,222

TOTAL ASSETS LESS CURRENT
LIABILITIES

13,686

8,818

CREDITORS

Amounts falling due after more than one
year

8

5,315

2,651

NET ASSETS

8,371

6,167

CAPITAL AND RESERVES

Called up share capital

9

2

Retained earnings

8,369

41,415

SHAREHOLDERS' FUNDS

8,371

41,417

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps 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 Sections 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.

The 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 August 2026 and were signed on its behalf by:

Mrs H Watson - Director

P Watson - Director

**	STATEMENT OF FINANCIAL POSITION - LAST YEAR - DOES NOT BALANCE - PLEASE CHECK THAT ALL POSTINGS HAVE BEEN MADE TO ACCOUNTS USED ON LIMITED COMPANY REPORTS

1.	STATUTORY INFORMATION

Teesside Taping Contractors Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business has been fully amortised in the current year.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Motor Vehicle - 18% Reducing balance method

Plant & Machinery - 18% Reducing balance method

Computer Equipment - 33% Straight line method

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2025 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

COST

At 1 April 2025

10,841

12,770

1,215

24,826

Additions

-

10,012

-

10,012

Disposals

-

(12,770

)

-

(12,770

)

At 31 March 2026

10,841

10,012

1,215

22,068

DEPRECIATION

At 1 April 2025

9,985

8,036

1,209

19,230

Charge for year

154

2,654

6

2,814

Eliminated on disposal

-

(8,888

)

-

(8,888

)

At 31 March 2026

10,139

1,802

1,215

13,156

NET BOOK VALUE

At 31 March 2026

702

8,210

-

8,912

At 31 March 2025

856

4,734

6

5,596

5.

STOCKS

31.3.26

31.3.25

£

Stocks

60,044

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

VAT

2,857

6,201

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

Bank loans and overdrafts

24,350

17,279

Trade creditors

2,748

7,237

Tax

17,061

26,479

Social security and other taxes

5,272

4,739

Wages Payable

-

(812

)

Pension payable

(42

)

(42

)

Subcontractor creditor account

7,988

7,393

Accruals and deferred income

750

58,127

63,023

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.26

31.3.25

£

Bank loans - 1-2 years

5,315

2,651

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.26

31.3.25

value:

£

2

Ordinary

£1

2