Trans Wipers Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 01304963 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2021

FOR

TRANS WIPERS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S.A. Atkins

J Robbins

C A Atkins

Ms A V Atkins

H D Atkins

SECRETARY:

S.A. Atkins

REGISTERED OFFICE:

Farrell House

Orchard Street

Worcester

WR5 3DW

REGISTERED NUMBER:

01304963 (England and Wales)

ACCOUNTANTS:

GBJ Financial Limited

Sterling House

27 Hatchlands Road

Redhill

Surrey

RH1 6RW

FIXED ASSETS

Tangible assets

4

1,846

3,674

CURRENT ASSETS

Stocks

297,390

331,390

Debtors

5

347,852

232,008

Cash at bank and in hand

14,142

48,735

659,384

612,133

CREDITORS

Amounts falling due within one year

6

469,895

562,544

NET CURRENT ASSETS

189,489

49,589

TOTAL ASSETS LESS CURRENT LIABILITIES

191,335

53,263

CAPITAL AND RESERVES

Called up share capital

7

15,000

15,000

Retained earnings

176,335

38,263

SHAREHOLDERS' FUNDS

191,335

53,263

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

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 4 March 2022 and were signed on its behalf by:

S.A. Atkins - Director

1.	STATUTORY INFORMATION

Trans Wipers Limited is a private company, limited by shares , registered in England and Wales. 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.

Plant and Machinery 15% Straight line basis

Fixtures,fittings & equipment 25% Straight line basis

Motor Vehicles 25%-33% Straight line basis

Stocks

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

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 14 (2020 - 14 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 July 2020

and 30 June 2021

58,012

DEPRECIATION

At 1 July 2020

54,338

Charge for year

1,828

At 30 June 2021

56,166

NET BOOK VALUE

At 30 June 2021

1,846

At 30 June 2020

3,674

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors

336,406

184,371

Other debtors

11,446

47,637

347,852

232,008

Trade debtors at 30th June 2021 includes £207.909 (2020 £160,916) accepted by Barclays Bank plc Sales Financing under a 'with recourse' finance agreement.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Bank loans and overdrafts

132,853

-

Trade creditors

57,619

131,032

Taxation and social security

126,211

80,338

Other creditors

153,212

351,174

469,895

562,544

The bank overdraft is secured by a debenture and fixed and floating charges over all assets of the company.

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2021

2020

value:

£

£

15,000

Ordinary

£1

15,000

15,000