Company Registration No. 02038822 (England and Wales)
Techserv Engineering Services Limited
Unaudited accounts
for the year ended 31 July 2021
Techserv Engineering Services Limited
Unaudited accounts
Contents
Techserv Engineering Services Limited
Company Information
for the year ended 31 July 2021
Directors
Michael James Cowley
Paul Richard Gillgrass
Secretary
Paul Richard Gillgrass
Company Number
02038822 (England and Wales)
Registered Office
PERSEVERANCE MILLS
HUDDERSFIELD ROAD
MIRFIELD
WF14 9DL
ENGLAND
Techserv Engineering Services Limited
Statement of financial position
as at 31 July 2021
Cash at bank and in hand
78,326
65,551
Creditors: amounts falling due within one year
(27,965)
(26,119)
Net current assets
262,497
260,026
Net assets
262,538
260,112
Called up share capital
2,400
2,400
Profit and loss account
259,338
256,912
Shareholders' funds
262,538
260,112
For the year ending 31 July 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 6 April 2022 and were signed on its behalf by
Michael James Cowley
Director
Company Registration No. 02038822
Techserv Engineering Services Limited
Notes to the Accounts
for the year ended 31 July 2021
Techserv Engineering Services Limited is a private company, limited by shares, registered in England and Wales, registration number 02038822. The registered office is PERSEVERANCE MILLS, HUDDERSFIELD ROAD, MIRFIELD, WF14 9DL, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% straight line
Motor vehicles
25% straight line
Fixtures & fittings
20% straight line
Computer equipment
20% straight line
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Techserv Engineering Services Limited
Notes to the Accounts
for the year ended 31 July 2021
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 August 2020
10,326
13,275
2,175
825
26,601
Disposals
-
(13,275)
-
(825)
(14,100)
At 31 July 2021
10,326
-
2,175
-
12,501
At 1 August 2020
10,240
13,275
2,175
825
26,515
Charge for the year
45
-
-
-
45
On disposals
-
(13,275)
-
(825)
(14,100)
At 31 July 2021
10,285
-
2,175
-
12,460
At 31 July 2021
41
-
-
-
41
At 31 July 2020
86
-
-
-
86
5
Debtors: amounts falling due within one year
2021
2020
Trade debtors
106,923
107,881
Accrued income and prepayments
191
191
Other debtors
105,022
112,522
6
Creditors: amounts falling due within one year
2021
2020
Trade creditors
2,124
2,124
Taxes and social security
21,626
20,190
Allotted, called up and fully paid:
2,400 Ordinary shares of £1 each
2,400
2,400
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Overdrawn current account
80,054
-
-
80,054
Overdrawn current account
Techserv Engineering Services Limited
Notes to the Accounts
for the year ended 31 July 2021
9
Average number of employees
During the year the average number of employees was 3 (2020: 3).
