TORQUE ENGINEERING LIMITED

TORQUE ENGINEERING LIMITED

TORQUE ENGINEERING LIMITED - Company Information

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TORQUE ENGINEERING LIMITED

Company Registration Number:
04364404 (England and Wales)

Unaudited abridged accounts for the year ended 30 June 2018

Period of accounts

Start date: 01 July 2017

End date: 30 June 2018

TORQUE ENGINEERING LIMITED

Contents of the Financial Statements

for the Period Ended 30 June 2018

Balance sheet
Notes

TORQUE ENGINEERING LIMITED

Balance sheet

As at 30 June 2018


Notes
2018
2017


£
£
Fixed assets
Tangible assets: 3 295,456 321,290
Total fixed assets: 295,456 321,290
Current assets
Stocks: 5,811 23,767
Debtors:   330,837 292,241
Cash at bank and in hand: 194,004 94,573
Total current assets: 530,652 410,581
Creditors: amounts falling due within one year:   (466,205) (436,739)
Net current assets (liabilities): 64,447 (26,158)
Total assets less current liabilities: 359,903 295,132
Creditors: amounts falling due after more than one year:   (134,842) (151,997)
Provision for liabilities: (3,341) (7,519)
Total net assets (liabilities): 221,720 135,616
Capital and reserves
Called up share capital: 71 71
Profit and loss account: 221,649 135,545
Shareholders funds: 221,720 135,616

The notes form part of these financial statements

TORQUE ENGINEERING LIMITED

Balance sheet statements

For the year ending 30 June 2018 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 04 February 2019
and signed on behalf of the board by:

Name: J C Lee
Status: Director

The notes form part of these financial statements

TORQUE ENGINEERING LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2018

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

TORQUE ENGINEERING LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2018

2. Employees

2018 2017
Average number of employees during the period 8 10

TORQUE ENGINEERING LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2018

3. Tangible Assets

Total
Cost £
At 01 July 2017 474,352
Additions 732
At 30 June 2018 475,084
Depreciation
At 01 July 2017 153,062
Charge for year 26,566
At 30 June 2018 179,628
Net book value
At 30 June 2018 295,456
At 30 June 2017 321,290