Tube & Wire Display Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 01649729 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2019

FOR

Tube & Wire Display Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs H Cannon

Mr C A Cannon

REGISTERED OFFICE:

Unit 2C

East Tame Business Park

Rexcine Way, Talbot Road

Hyde

Cheshire

SK14 4GX

REGISTERED NUMBER:

01649729 (England and Wales)

ACCOUNTANTS:

J W Walsh Accountants Limited

Albion House

163,167 King Street

Dukinfield

Cheshire

SK16 4LF

FIXED ASSETS

Tangible assets

4

124,833

80,840

CURRENT ASSETS

Stocks

-

58,663

Debtors

5

211,138

292,031

Cash at bank

86,137

75,787

297,275

426,481

CREDITORS

Amounts falling due within one year

6

(13,879

)

178,976

NET CURRENT ASSETS

311,154

247,505

TOTAL ASSETS LESS CURRENT LIABILITIES

435,987

328,345

CAPITAL AND RESERVES

Called up share capital

62

62

Capital redemption reserve

38

38

Retained earnings

435,887

328,245

SHAREHOLDERS' FUNDS

435,987

328,345

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 and authorised for issue on 30 June 2020 and were signed on its behalf by:

Mr C A Cannon - Director

1.	STATUTORY INFORMATION

Tube & Wire Display 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.

Tangible fixed assets

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

Land and buildings

-

20% on cost

Plant and machinery etc

-

30% on cost, 25% on cost and 15% 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis

over the period of the lease.

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 26 (2018 - 26 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 October 2018

10,233

684,601

694,834

Additions

-

43,993

43,993

At 30 September 2019

10,233

728,594

738,827

DEPRECIATION

At 1 October 2018

and 30 September 2019

10,232

603,762

613,994

NET BOOK VALUE

At 30 September 2019

1

124,832

124,833

At 30 September 2018

1

80,839

80,840

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.19

30.9.18

£

£

Trade debtors

183,702

273,868

Other debtors

27,436

18,163

211,138

292,031

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.19

30.9.18

£

£

Trade creditors

135,114

153,469

Taxation and social security

(42,479

)

11,408

Other creditors

(106,514

)

14,099

(13,879

)

178,976