Tuckson Projects LTD - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10742751 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 April 2020

for

Tuckson Projects LTD

Page

Balance Sheet

1

Notes to the Financial Statements

2

FIXED ASSETS

Tangible assets

4

5,416

6,418

CURRENT ASSETS

Stocks

29,027

16,014

Debtors

5

6,307

1,062

Cash at bank

3,557

369

38,891

17,445

CREDITORS

Amounts falling due within one year

6

86,706

60,431

NET CURRENT LIABILITIES

(47,815

)

(42,986

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(42,399

)

(36,568

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(42,400

)

(36,569

)

(42,399

)

(36,568

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2020 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 October 2020 and were signed by:

Dr J Foo - Director

1.	STATUTORY INFORMATION

Tuckson Projects LTD is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address are as below:

Registered number:

10742751

Registered office:

Ebenezer House

Ryecroft

Newcastle-Under-Lyme

Staffordshire

ST5 2BE

The presentation currency of the financial statements is the Pound Sterling (£).

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.

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

-

25% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

33% 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 Profit and Loss Account,

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.

Going concern

After making enquiries, the directors have a reasonable expectation that the company has adequate resources

to continue in operational existence for the foreseeable future, being the 12 month period from the date of

these accounts being approved, given the impact of the Coronavirus upon the economy and therefore the

financial statements have been prepared on a going concern basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2019 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 May 2019

6,519

-

3,806

10,325

Additions

-

948

-

948

At 30 April 2020

6,519

948

3,806

11,273

DEPRECIATION

At 1 May 2019

2,651

-

1,256

3,907

Charge for year

967

142

841

1,950

At 30 April 2020

3,618

142

2,097

5,857

NET BOOK VALUE

At 30 April 2020

2,901

806

1,709

5,416

At 30 April 2019

3,868

-

2,550

6,418

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Other debtors

6,307

1,062

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade creditors

5,780

-

Other creditors

80,926

60,431

86,706

60,431