TCR Machine Tools (Europe) Ltd - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 03593656 (England and Wales)

TCR Machine Tools (Europe) Ltd

Unaudited Financial Statements

for the Year Ended 31 July 2022

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

to

4

DIRECTOR:

S Tejero

SECRETARY:

S Tejero

REGISTERED OFFICE:

4 Aikman Green

Grandborough

Rugby

Warwickshire

CV23 8DR

REGISTERED NUMBER:

03593656 (England and Wales)

ACCOUNTANTS:

Astute Services Ltd

44-46 Regent Street

Rugby

Warwickshire

CV21 2PS

FIXED ASSETS

Tangible assets

4

500,028

501,569

CURRENT ASSETS

Debtors

5

118,026

121,983

Cash at bank

614,879

633,403

732,905

755,386

CREDITORS

Amounts falling due within one year

6

59,042

107,691

NET CURRENT ASSETS

673,863

647,695

TOTAL ASSETS LESS CURRENT LIABILITIES

1,173,891

1,149,264

CAPITAL AND RESERVES

Called up share capital

4

4

Retained earnings

1,173,887

1,149,260

SHAREHOLDERS' FUNDS

1,173,891

1,149,264

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 28 February 2023 and were signed by:

S Tejero - Director

1.	STATUTORY INFORMATION

TCR Machine Tools (Europe) Ltd 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 etc

-

25% on reducing balance

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 balance sheet date.

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 NIL (2021 - 1 ).

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 August 2021

and 31 July 2022

496,013

25,952

521,965

DEPRECIATION

At 1 August 2021

-

20,396

20,396

Charge for year

-

1,541

1,541

At 31 July 2022

-

21,937

21,937

NET BOOK VALUE

At 31 July 2022

496,013

4,015

500,028

At 31 July 2021

496,013

5,556

501,569

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/7/22

31/7/21

£

£

Trade debtors

116,946

120,917

Other debtors

1,080

1,066

118,026

121,983

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/7/22

31/7/21

£

£

Trade creditors

1,487

3,301

Taxation and social security

34,380

87,706

Other creditors

23,175

16,684

59,042

107,691