The Tube & Bracket Company Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 04388853 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

FOR

THE TUBE & BRACKET COMPANY LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

E J P Courtin

O Langrand

Trilogiq S.A.

REGISTERED OFFICE:

The Tube And Bracket Company Limited

Main Road

Middleton Cheney

Banbury

Oxfordshire

OX17 2PW

REGISTERED NUMBER:

04388853 (England and Wales)

AUDITOR:

Andorran Limited (Statutory Auditor)

6 Manor Park Business Centre

Mackenzie Way

Cheltenham

Gloucestershire

GL51 9TX

FIXED ASSETS

Tangible assets

4

33,069

35,117

CURRENT ASSETS

Debtors

5

134,492

135,837

Cash at bank and in hand

180,818

182,499

315,310

318,336

CREDITORS

Amounts falling due within one year

6

(257,816

)

(202,551

)

NET CURRENT ASSETS

57,494

115,785

TOTAL ASSETS LESS CURRENT LIABILITIES

90,563

150,902

CAPITAL AND RESERVES

Called up share capital

111

111

Share premium

8

153,207

153,207

Capital redemption reserve

8

90,384

90,384

Retained earnings

8

(153,139

)

(92,800

)

90,563

150,902

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 December 2022 and were signed on its behalf by:

E J P Courtin - Director

1.	STATUTORY INFORMATION

The Tube & Bracket Company Limited is a private company, limited by shares, registered in England and Wales, registration number 04388853. The registered office is The Tube and Bracket Company Limited, Main Road, Middleton Cheney, Banbury, Oxfordshire, OX17 2PW, England.

The presentation currency of the financial statements is Pounds 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.

The Company continues to be loss making. The Company has available, if required, support and funding from the Group. Based on the assurance of liquidity and letter of support provided by the Group, the directors have reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. The Company therefore continues to adopt the going concern basis in preparing its financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue is recognised at the point of invoicing, on the date of despatch of the materials sold.

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

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 4 (2021 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

leasehold

machinery

fittings

Totals

£

£

£

£

COST

At 1 April 2021

62,413

27,672

55,697

145,782

Additions

-

975

15,040

16,015

Disposals

(62,413

)

-

-

(62,413

)

At 31 March 2022

-

28,647

70,737

99,384

DEPRECIATION

At 1 April 2021

50,233

20,778

39,654

110,665

Charge for year

-

1,966

3,917

5,883

Eliminated on disposal

(50,233

)

-

-

(50,233

)

At 31 March 2022

-

22,744

43,571

66,315

NET BOOK VALUE

At 31 March 2022

-

5,903

27,166

33,069

At 31 March 2021

12,180

6,894

16,043

35,117

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

£

Trade debtors

122,848

133,251

Amounts owed by participating interests

329

-

Prepayments and accrued income

11,315

2,586

134,492

135,837

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

£

Trade creditors

26,438

990

Amounts owed to group undertakings

106,692

61,067

Amounts owed to participating interests

87,549

87,549

Social security and other taxes

4,812

4,452

VAT

25,203

41,079

Other creditors

671

1,003

Accruals and deferred income

6,451

6,411

257,816

202,551

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.3.22

31.3.21

£

£

Within one year

12,955

10,772

Between one and five years

8,895

7,025

21,850

17,797

8.

RESERVES

Capital

Retained

Share

redemption

earnings

premium

reserve

Totals

£

£

£

£

At 1 April 2021

(92,800

)

153,207

90,384

150,791

Deficit for the year

(60,339

)

-

-

(60,339

)

At 31 March 2022

(153,139

)

153,207

90,384

90,452

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditor was unqualified.

Roger Downes FCA (Senior Statutory Auditor)

for and on behalf of Andorran Limited (Statutory Auditor)

10.	RELATED PARTY DISCLOSURES

31.3.22

31.3.21

£

£

Sales to connected entities

243,610

263,322

Purchases from connected entities

789,684

509,140

Amounts due from connected entities

329

-

Amounts owed to connected entities

194,241

148,610

11.	ULTIMATE CONTROLLING PARTY

The ultimate parent company is Trilogiq S.A., a company listed on the French stock exchange (Euronext Paris) where the entire group's consolidated financial statements are published and publicly available. The registered office of Trilogiq S.A. is 5 Rue Saint-Simon, 95310 Saint-Ouen-l'Aumône, France.

The ultimate controlling party is E J P Courtin, who owns 76.77% of the share capital of Trilogiq S.A., who is the 100% parent company of The Tube & Bracket Company Limited.