T.G. Bros Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02104129 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2021

FOR

T.G. BROS LIMITED

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr T S Dehill

Mrs B Dehill

REGISTERED OFFICE:

10 Lythalls Lane

Coventry

West Midlands

CV6 6FG

REGISTERED NUMBER:

02104129 (England and Wales)

ACCOUNTANTS:

R Pau & Co Limited

Chartered Certified Accountants

12-16 Station Street East

Coventry

West Midlands

CV6 5FJ

BANKERS:

National Westminster Bank PLC

11 Weston Boulevard

Leicester

LE2 7EJ

FIXED ASSETS

Tangible assets

3

9,412

11,389

CURRENT ASSETS

Stocks

1,995,095

1,273,192

Debtors

927,472

1,029,105

Cash at bank

401,203

250,644

3,323,770

2,552,941

CREDITORS

Amounts falling due within one year

2,172,510

1,527,479

NET CURRENT ASSETS

1,151,260

1,025,462

TOTAL ASSETS LESS CURRENT LIABILITIES

1,160,672

1,036,851

PROVISIONS FOR LIABILITIES

-

1,756

NET ASSETS

1,160,672

1,035,095

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

1,159,672

1,034,095

SHAREHOLDERS' FUNDS

1,160,672

1,035,095

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2021 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.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31st March 2021 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by MR T Singh the Board of Directors and authorised for issue on 29th December 2021 and were signed on its behalf by:

Mrs B Dehill - Director

1.	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 the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

STOCKS

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2020 - 8 ) .

3.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1st April 2020

77,599

Additions

115

At 31st March 2021

77,714

DEPRECIATION

At 1st April 2020

66,210

Charge for year

2,092

At 31st March 2021

68,302

NET BOOK VALUE

At 31st March 2021

9,412

At 31st March 2020

11,389