Test Gear Limited - Accounts to registrar (filleted) - small 18.2

Test Gear Limited - Accounts to registrar (filleted) - small 18.2

TEST GEAR LIMITED - Company Information

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REGISTERED NUMBER: 08220434















Unaudited Financial Statements

for the Period 1 October 2019 to 29 September 2020

for

Test Gear Limited
Test Gear Limited (Registered number: 08220434)






Contents of the Financial Statements
for the Period 1 October 2019 to 29 September 2020




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Test Gear Limited

Company Information
for the Period 1 October 2019 to 29 September 2020







DIRECTORS: A Smith
Mrs J Smith





REGISTERED OFFICE: 48 Southfields Road
West Kingsdown
Sevenoaks
Kent
TN15 6LE





REGISTERED NUMBER: 08220434





ACCOUNTANTS: Pomfrey Accountants Ltd
The Coach House, Unit 42
St Mary's Business Centre
66-70 Bourne Road
Bexley
Kent
DA5 1LU
Page 1
Test Gear Limited (Registered number: 08220434)

Balance Sheet
29 September 2020

29.9.20 30.9.19
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 23,683 -

CURRENT ASSETS
Stocks 10,000 10,000
Cash at bank 97,051 63,376
107,051 73,376
CREDITORS
Amounts falling due within one year 5 37,279 21,508
NET CURRENT ASSETS 69,772 51,868
TOTAL ASSETS LESS CURRENT
LIABILITIES
93,455
51,868

RESERVES
Share premium 3 3
Retained earnings 93,452 51,865
93,455 51,868

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29 September 2020.

The members have not required the company to obtain an audit of its financial statements for the period ended 29 September 2020 in accordance with Section 476 of the Companies Act 2006.

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.

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 Board of Directors and authorised for issue on 24 September 2021 and were signed on its behalf by:





A Smith - Director


The notes form part of these financial statements

Page 2
Test Gear Limited (Registered number: 08220434)

Notes to the Financial Statements
for the Period 1 October 2019 to 29 September 2020

1. STATUTORY INFORMATION

Test Gear Limited is a private company, limited by shares , registered in Not specified/Other. 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the period 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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2019 - NIL).

Page 3 continued...
Test Gear Limited (Registered number: 08220434)

Notes to the Financial Statements - continued
for the Period 1 October 2019 to 29 September 2020

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2019 22,805
Additions 23,683
At 29 September 2020 46,488
DEPRECIATION
At 1 October 2019
and 29 September 2020 22,805
NET BOOK VALUE
At 29 September 2020 23,683

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.9.20 30.9.19
£    £   
Taxation and social security 16,312 16,268
Other creditors 20,967 5,240
37,279 21,508

6. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is A Smith.

Page 4