T.W. & E. Tennant & Son Limited - Accounts to registrar (filleted) - small 18.2
T.W. & E. Tennant & Son Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 30 November 2020 |
| for |
| T.W. & E. Tennant & Son Limited |
| T.W. & E. Tennant & Son Limited (Registered number: SC430351) |
| Contents of the Financial Statements |
| for the Year Ended 30 November 2020 |
| Page |
| Company Information | 1 |
| Statement of Financial Position | 2 |
| Notes to the Financial Statements | 4 |
| T.W. & E. Tennant & Son Limited |
| Company Information |
| for the Year Ended 30 November 2020 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 47-49 The Square |
| Kelso |
| Roxburghshire |
| TD5 7HW |
| T.W. & E. Tennant & Son Limited (Registered number: SC430351) |
| Statement of Financial Position |
| 30 November 2020 |
| 30/11/20 | 30/11/19 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Stocks | 6 |
| Debtors | 7 |
| CREDITORS |
| Amounts falling due within one year | 8 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
| CREDITORS |
| Amounts falling due after more than one year | 9 | ( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET LIABILITIES | ( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| The directors acknowledge their 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. |
| T.W. & E. Tennant & Son Limited (Registered number: SC430351) |
| Statement of Financial Position - continued |
| 30 November 2020 |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| T.W. & E. Tennant & Son Limited (Registered number: SC430351) |
| Notes to the Financial Statements |
| for the Year Ended 30 November 2020 |
| 1. | STATUTORY INFORMATION |
| T.W. & E. Tennant & Son Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the 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. |
| Goodwill |
| Intangible assets |
| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. |
| Tangible fixed assets |
| Plant and machinery | - |
| Tractors & agri vehicles | - |
| Motor vehicles | - |
| Computer equipment | - |
| 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 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 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. |
| T.W. & E. Tennant & Son Limited (Registered number: SC430351) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 November 2020 |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | INTANGIBLE FIXED ASSETS |
| Goodwill |
| £ |
| COST |
| At 1 December 2019 |
| and 30 November 2020 |
| AMORTISATION |
| At 1 December 2019 |
| Amortisation for year |
| At 30 November 2020 |
| NET BOOK VALUE |
| At 30 November 2020 |
| At 30 November 2019 |
| 5. | TANGIBLE FIXED ASSETS |
| Cattle | Freehold | Tenants |
| herd | Ewe flock | Property | improvements |
| £ | £ | £ | £ |
| COST |
| At 1 December 2019 |
| Additions |
| At 30 November 2020 |
| DEPRECIATION |
| At 1 December 2019 |
| Charge for year |
| At 30 November 2020 |
| NET BOOK VALUE |
| At 30 November 2020 |
| At 30 November 2019 |
| T.W. & E. Tennant & Son Limited (Registered number: SC430351) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 November 2020 |
| 5. | TANGIBLE FIXED ASSETS - continued |
| Tractors |
| Plant and | & agri | Motor | Computer |
| machinery | vehicles | vehicles | equipment | Totals |
| £ | £ | £ | £ | £ |
| COST |
| At 1 December 2019 |
| Additions |
| At 30 November 2020 |
| DEPRECIATION |
| At 1 December 2019 |
| Charge for year |
| At 30 November 2020 |
| NET BOOK VALUE |
| At 30 November 2020 |
| At 30 November 2019 |
| 6. | STOCKS |
| 30/11/20 | 30/11/19 |
| £ | £ |
| Stocks |
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30/11/20 | 30/11/19 |
| £ | £ |
| Trade debtors |
| Tax |
| VAT |
| Prepayments |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30/11/20 | 30/11/19 |
| £ | £ |
| Bank loans and overdrafts |
| Hermitage rugs |
| Hire purchase contracts |
| Trade creditors |
| Directors' loan accounts | 1,117,523 | 1,048,342 |
| Accrued expenses |
| T.W. & E. Tennant & Son Limited (Registered number: SC430351) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 November 2020 |
| 9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 30/11/20 | 30/11/19 |
| £ | £ |
| Hire purchase contracts |
| 10. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to directors subsisted during the years ended 30 November 2020 and 30 November 2019: |
| 30/11/20 | 30/11/19 |
| £ | £ |
| Balance outstanding at start of year | ( |
) | ( |
) |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year | ( |
) | ( |
) |
| Balance outstanding at start of year | ( |
) | ( |
) |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year | ( |
) | ( |
) |
| The directors have a loan account balance with the company at 30 November 2020 of £1,117,523 (2019 £1,048,342). |
| The amounts advanced include personal withdrawals and private expenses paid. |