Company Registration No. 01126971 (England and Wales)
T.M.A. Engineering Limited
Unaudited accounts
for the period from 1 March 2019 to 28 February 2020
T.M.A. Engineering Limited
Unaudited accounts
Contents
T.M.A. Engineering Limited
Company Information
for the period from 1 March 2019 to 28 February 2020
Directors
Mr M Albutt
Mr T M Albutt
Company Number
01126971 (England and Wales)
Registered Office
95-111 TYBURN ROAD
ERDINGTON
BIRMINGHAM
B24 8NQ
Accountants
Merit Accounting Limited
Unit 18
Pebble Close
Tamworth
Staffs
B77 4RD
T.M.A. Engineering Limited
Statement of financial position
as at 28 February 2020
Tangible assets
632,936
654,354
Inventories
69,477
130,502
Cash at bank and in hand
152,748
150,394
Creditors: amounts falling due within one year
(248,192)
(245,432)
Net current assets
280,194
256,570
Total assets less current liabilities
913,130
910,924
Creditors: amounts falling due after more than one year
(79,778)
(79,446)
Net assets
833,352
831,478
Called up share capital
6,120
6,120
Revaluation reserve
426,601
439,101
Capital redemption reserve
5,880
5,880
Profit and loss account
394,751
380,377
Shareholders' funds
833,352
831,478
For the period ending 28 February 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 23 November 2020 and were signed on its behalf by
Mr M Albutt
Director
Company Registration No. 01126971
T.M.A. Engineering Limited
Notes to the Accounts
for the period from 1 March 2019 to 28 February 2020
T.M.A. Engineering Limited is a private company, limited by shares, registered in England and Wales, registration number 01126971. The registered office is 95-111 TYBURN ROAD, ERDINGTON, BIRMINGHAM, B24 8NQ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
2% straight line
Plant & machinery
20% reducing balance
Motor vehicles
255 reducing balance
Computer equipment
33% straight line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
At 28 February 2020
100,000
At 28 February 2020
100,000
T.M.A. Engineering Limited
Notes to the Accounts
for the period from 1 March 2019 to 28 February 2020
5
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 March 2019
625,000
662,025
193,419
74,675
1,555,119
Additions
-
-
85,750
-
85,750
Disposals
-
-
(66,982)
-
(66,982)
At 28 February 2020
625,000
662,025
212,187
74,675
1,573,887
At 1 March 2019
125,000
601,291
105,102
69,372
900,765
Charge for the period
12,500
12,147
30,958
1,326
56,931
On disposals
-
-
(16,745)
-
(16,745)
At 28 February 2020
137,500
613,438
119,315
70,698
940,951
At 28 February 2020
487,500
48,587
92,872
3,977
632,936
At 28 February 2019
500,000
60,734
88,317
5,303
654,354
Work in progress
(74,950)
(34,100)
Finished goods
144,427
164,602
Trade debtors
303,526
221,106
8
Creditors: amounts falling due within one year
2020
2019
Obligations under finance leases and hire purchase contracts
17,488
16,838
Trade creditors
85,119
69,087
Taxes and social security
47,885
53,678
Other creditors
37,868
36,104
9
Creditors: amounts falling due after more than one year
2020
2019
Obligations under finance leases and hire purchase contracts
79,778
79,446
T.M.A. Engineering Limited
Notes to the Accounts
for the period from 1 March 2019 to 28 February 2020
Allotted, called up and fully paid:
3,620 A Ordinary of £1 each
3,620
3,620
1,500 B Ordinary of £1 each
1,500
1,500
1,000 C Ordinary of £1 each
1,000
1,000
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Average number of employees
During the period the average number of employees was 21 (2019: 21).
