Tudor Throughwall Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05283827 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2019

FOR

TUDOR THROUGHWALL LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr I C Chiorean

Mr I T Tudor

REGISTERED OFFICE:

Fairway Oak Hill Road

Stapleford Abbotts

Romford

Essex

RM4 1EH

REGISTERED NUMBER:

05283827 (England and Wales)

ACCOUNTANTS:

Cox Costello & Horne

Fourth & Fifth Floor

14-15 Lower Grosvenor Place

London

SW1W 0EX

FIXED ASSETS

Tangible assets

4

26,420

35,110

CURRENT ASSETS

Stocks

46,792

24,567

Debtors

5

1,110,855

774,872

Cash at bank and in hand

645,949

253,203

1,803,596

1,052,642

CREDITORS

Amounts falling due within one year

6

1,031,151

529,823

NET CURRENT ASSETS

772,445

522,819

TOTAL ASSETS LESS CURRENT LIABILITIES

798,865

557,929

CREDITORS

Amounts falling due after more than one year

7

(24,172

)

(69,573

)

PROVISIONS FOR LIABILITIES

(414

)

(3,692

)

NET ASSETS

774,279

484,664

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

774,179

484,564

SHAREHOLDERS' FUNDS

774,279

484,664

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 18 December 2019 and were signed on its behalf by:

Mr I T Tudor - Director

Mr I C Chiorean - Director

1.	STATUTORY INFORMATION

Tudor Throughwall 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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The

Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party

transactions with wholly owned subsidiaries within the group.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated

impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the

location and condition necessary for it to be capable of operating in the manner intended by management.

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if

appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are

recognised in profit or loss.

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

life.

Computer equipment

-

33% on cost

Motor vehicle

-

20% on cost

Fixtures and fittings

-

25% on cost

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 Income Statement, 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 7 (2018 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2018

53,476

Additions

1,841

At 31 March 2019

55,317

DEPRECIATION

At 1 April 2018

18,366

Charge for year

10,531

At 31 March 2019

28,897

NET BOOK VALUE

At 31 March 2019

26,420

At 31 March 2018

35,110

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Trade debtors

790,067

502,755

Amounts recoverable on contract

287,047

250,774

Other debtors

33,741

21,343

1,110,855

774,872

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Hire purchase contracts

6,950

6,950

Trade creditors

536,832

275,083

Amounts owed to group undertakings

95,226

75,839

Taxation and social security

159,933

100,559

Other creditors

232,210

71,392

1,031,151

529,823

Other creditors include directors loan of £20,898 (2018: £10,077).

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.19

31.3.18

£

£

Hire purchase contracts

24,172

31,122

Other creditors

-

38,451

24,172

69,573

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.19

31.3.18

£

£

Other loans

-

38,451

The loan is secured by a first charge given by Ioan Chiorean and Ionut Tudor over such shares held by them in J

T Tudor Limited.

9.	ULTIMATE CONTROLLING PARTY