TORQUE ENGINEERING LIMITED

TORQUE ENGINEERING LIMITED

TORQUE ENGINEERING LIMITED - Company Information

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TORQUE ENGINEERING LIMITED

Company Registration Number:
04364404 (England and Wales)

Unaudited abridged accounts for the year ended 30 June 2022

Period of accounts

Start date: 01 July 2021

End date: 30 June 2022

TORQUE ENGINEERING LIMITED

Contents of the Financial Statements

for the Period Ended 30 June 2022

Balance sheet
Notes

TORQUE ENGINEERING LIMITED

Balance sheet

As at 30 June 2022


Notes
2022
2021


£
£
Fixed assets
Tangible assets: 3 268,071 199,518
Total fixed assets: 268,071 199,518
Current assets
Stocks: 86,667 7,485
Debtors:   265,523 245,820
Cash at bank and in hand: 533,179 536,622
Total current assets: 885,369 789,927
Creditors: amounts falling due within one year:   (227,012) (312,802)
Net current assets (liabilities): 658,357 477,125
Total assets less current liabilities: 926,428 676,643
Creditors: amounts falling due after more than one year:   (30,239) (40,000)
Provision for liabilities: (13,360)
Total net assets (liabilities): 882,829 636,643
Capital and reserves
Called up share capital: 71 71
Profit and loss account: 882,758 636,572
Shareholders funds: 882,829 636,643

The notes form part of these financial statements

TORQUE ENGINEERING LIMITED

Balance sheet statements

For the year ending 30 June 2022 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 24 October 2022
and signed on behalf of the board by:

Name: J C Lee
Status: Director

The notes form part of these financial statements

TORQUE ENGINEERING LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2022

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

TORQUE ENGINEERING LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2022

2. Employees

2022 2021
Average number of employees during the period 6 7

TORQUE ENGINEERING LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2022

3. Tangible Assets

Total
Cost £
At 01 July 2021 401,053
Additions 81,550
Disposals (151,863)
At 30 June 2022 330,740
Depreciation
At 01 July 2021 201,535
Charge for year 12,997
On disposals (151,863)
At 30 June 2022 62,669
Net book value
At 30 June 2022 268,071
At 30 June 2021 199,518