Tamworth Fabrication & Maintenance Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04303869 (England and Wales)

Tamworth Fabrication &

Maintenance Limited

Unaudited Financial Statements

for the Year Ended 31 October 2019

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

I Adams

SECRETARY:

Mrs E Adams

REGISTERED OFFICE:

43 Troon

Amington

Tamworth

Staffordshire

B77 4RB

REGISTERED NUMBER:

04303869 (England and Wales)

ACCOUNTANTS:

Tamworth Accountancy Services Limited

4 Ladybank

Tamworth

Staffordshire

B79 7NB

FIXED ASSETS

Tangible assets

4

21,051

12,211

CURRENT ASSETS

Stocks

550

550

Debtors

5

41,912

50,429

Cash at bank

113,058

99,949

155,520

150,928

CREDITORS

Amounts falling due within one year

6

61,307

72,081

NET CURRENT ASSETS

94,213

78,847

TOTAL ASSETS LESS CURRENT LIABILITIES

115,264

91,058

CREDITORS

Amounts falling due after more than one year

7

(3,130

)

-

PROVISIONS FOR LIABILITIES

(1,065

)

-

NET ASSETS

111,069

91,058

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

111,059

91,048

SHAREHOLDERS' FUNDS

111,069

91,058

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 30 October 2020 and were signed by:

I Adams - Director

1.	STATUTORY INFORMATION

Tamworth Fabrication & Maintenance 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.

Plant and machinery etc

-

25% on reducing balance and 15% on reducing balance

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 2 (2018 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 November 2018

45,590

Additions

15,960

Disposals

(11,701

)

At 31 October 2019

49,849

DEPRECIATION

At 1 November 2018

33,379

Charge for year

5,871

Eliminated on disposal

(10,452

)

At 31 October 2019

28,798

NET BOOK VALUE

At 31 October 2019

21,051

At 31 October 2018

12,211

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

31,185

38,805

Other debtors

10,727

11,624

41,912

50,429

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Hire purchase contracts

2,480

-

Trade creditors

10,984

12,433

Taxation and social security

18,168

19,729

Other creditors

29,675

39,919

61,307

72,081

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2019

2018

£

£

Hire purchase contracts

3,130

-