Tetra Resource Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08388355 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2021

for

TETRA RESOURCE LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

I Fairgrieve

REGISTERED OFFICE:

Ferrari House

258 Field End Road

Ruislip

Middlesex

HA4 9UU

REGISTERED NUMBER:

08388355 (England and Wales)

ACCOUNTANTS:

Diverset Limited

Chartered Accountants

Ferrari House

258 Field End Road

Ruislip

Middlesex

HA4 9UU

CURRENT ASSETS

Debtors

4

32,750

83,766

Cash at bank and in hand

153,994

234,262

186,744

318,028

CREDITORS

Amounts falling due within one year

5

78,636

204,146

NET CURRENT ASSETS

108,108

113,882

TOTAL ASSETS LESS CURRENT LIABILITIES

108,108

113,882

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

107,908

113,682

SHAREHOLDERS' FUNDS

108,108

113,882

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 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 24 June 2022 and were signed by:

I Fairgrieve - Director

1.	STATUTORY INFORMATION

Tetra Resource Ltd 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 represents amounts receivable for goods and services net of VAT and trade discounts.

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.

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 20 (2020 - 25 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors

20,239

75,941

Other debtors

12,511

7,825

32,750

83,766

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade creditors

353

23,240

Taxation and social security

70,339

165,186

Other creditors

7,944

15,720

78,636

204,146

6.	RELATED PARTY DISCLOSURES

During the year, the company made sales totalling £1,318,927 (2020: £2,122,480) to and purchased goods and services totalling £18,288 (2020 ; £29,593) from Classic Carriers Ltd, a company in which D & H Lawson as controlling shareholders of Tetra Resource Ltd hold a minority shareholding.

7.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr D Lawson and Mrs H Lawson, by virtue of their majority ownership of HHE Holdings Limited, the controlling shareholder.