Frank Tucker Limited - Period Ending 2019-06-30

Registration number: 00297671

Frank Tucker Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 June 2019

A.P.F. Business Services
Victoria Works
Rook Lane
Bradford
West Yorkshire
BD4 9NL

Frank Tucker Limited

Contents

Company Information	1
Directors' Report	2
Accountants' Report	3
Balance Sheet	4 to 5
Notes to the Financial Statements	6 to 7

Frank Tucker Limited

Company Information

Directors

Mr Matthew D Webster Mr David E Webster Mr Andrew P Fothergill Mr Alan Barlow

Registered office

Victoria Works Rook Lane Bradford West Yorkshire BD4 9NL

Accountants

A.P.F. Business Services Victoria Works Rook Lane Bradford West Yorkshire BD4 9NL

Page 1

Frank Tucker Limited

Directors' Report for the Year Ended 30 June 2019

The directors present their report and the financial statements for the year ended 30 June 2019.

Directors of the company

The directors who held office during the year were as follows:

Mr Matthew D Webster

Mr David E Webster

Mr Andrew P Fothergill

Mr Alan Barlow

Principal activity

The principal activity of the company is road surfacing and civil engineering contractors

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved by the Board on 12 March 2020 and signed on its behalf by:

.........................................
Mr Matthew D Webster
Director

Page 2

Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Frank Tucker Limited
for the Year Ended 30 June 2019

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Frank Tucker Limited for the year ended 30 June 2019 as set out on pages 4 to 7 from the company's accounting records and from information and explanations you have given us.

It is your duty to ensure that Frank Tucker Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Frank Tucker Limited. You consider that Frank Tucker Limited is exempt from the statutory audit requirement for the year.

......................................

A.P.F. Business Services
Victoria Works
Rook Lane
Bradford
West Yorkshire
BD4 9NL

28 February 2020

Page 3

Frank Tucker Limited

(Registration number: 00297671)
Balance Sheet as at 30 June 2019

	Note	2019 £	2018 £
Fixed assets
Tangible assets	3	271,161	305,732
Current assets
Stocks		90,059	25,000
Debtors		868,947	1,523,533
Cash at bank and in hand		1,037,320	505,938
		1,996,326	2,054,471
Creditors: Amounts falling due within one year		(859,525)	(1,075,012)
Net current assets		1,136,801	979,459
Total assets less current liabilities		1,407,962	1,285,191
Creditors: Amounts falling due after more than one year		-	(7,447)
Provisions for liabilities		(29,170)	(25,754)
Net assets		1,378,792	1,251,990
Capital and reserves
Called up share capital	4	4,000	4,000
Capital redemption reserve		5,000	5,000
Profit and loss account		1,369,792	1,242,990
Total equity		1,378,792	1,251,990

For the financial year ending 30 June 2019 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

The notes on pages 6 to 7 form an integral part of these financial statements.

Page 4

Frank Tucker Limited

(Registration number: 00297671)
Balance Sheet as at 30 June 2019

Approved and authorised by the Board on 12 March 2020 and signed on its behalf by:
 

.........................................

Mr Matthew D Webster
Director

The notes on pages 6 to 7 form an integral part of these financial statements.

Page 5

Frank Tucker Limited

Notes to the Financial Statements for the Year Ended 30 June 2019

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Victoria Works
Rook Lane
Bradford
West Yorkshire
BD4 9NL

These financial statements were authorised for issue by the Board on 12 March 2020.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	20% reducing balance basis
Motor vehicles	25% reducing balance basis
Fixtures and fittings	25% reducing balance basis
Computer equipment	50% reducing balance basis

Page 6

Frank Tucker Limited

Notes to the Financial Statements for the Year Ended 30 June 2019

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Other tangible assets £	Total £
Cost or valuation
At 1 July 2018	23,746	200,194	334,310	558,250
Additions	10,720	96,118	400	107,238
Disposals	-	(114,664)	-	(114,664)
At 30 June 2019	34,466	181,648	334,710	550,824
Depreciation
At 1 July 2018	20,986	105,725	125,807	252,518
Charge for the year	5,772	32,105	41,777	79,654
Eliminated on disposal	-	(52,509)	-	(52,509)
At 30 June 2019	26,758	85,321	167,584	279,663
Carrying amount
At 30 June 2019	7,708	96,327	167,126	271,161
At 30 June 2018	2,760	94,469	208,503	305,732

4	Share capital

Allotted, called up and fully paid shares

	2019		2018
	No.	£	No.	£
Ordinary shares of £1 each	2,000	2,000	2,000	2,000
1% Non-cum preference shares of £1 each	2,000	2,000	2,000	2,000
	4,000	4,000	4,000	4,000

Page 7