Company Registration No. 08059466 (England and Wales)
TLC Building Contractors Limited
Unaudited accounts
for the year ended 31 October 2022
TLC Building Contractors Limited
Unaudited accounts
Contents
TLC Building Contractors Limited
Company Information
for the year ended 31 October 2022
Company Number
08059466 (England and Wales)
Registered Office
Phoenix Buildings
Heywood Road
Prestwich
M25 1FN
Accountants
ALM Management Services Ltd
28 Oldbury Close
Hopwood
Lancashire
OL10 2NQ
TLC Building Contractors Limited
Statement of financial position
as at 31 October 2022
Tangible assets
22,571
28,151
Cash at bank and in hand
69,995
35,780
Creditors: amounts falling due within one year
(97,777)
(61,844)
Net current assets
70,180
57,222
Called up share capital
120
120
Profit and loss account
92,631
85,253
Shareholders' funds
92,751
85,373
For the year ending 31 October 2022 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 director acknowledges his 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 and authorised for issue on 12 July 2023 and were signed on its behalf by
Alan Rawlinson
Director
Company Registration No. 08059466
TLC Building Contractors Limited
Notes to the Accounts
for the year ended 31 October 2022
TLC Building Contractors Limited is a private company, limited by shares, registered in England and Wales, registration number 08059466. The registered office is Phoenix Buildings, Heywood Road, Prestwich, M25 1FN.
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.
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
15% Reducing Balance
Motor vehicles
25% Reducing Balance
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.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
TLC Building Contractors Limited
Notes to the Accounts
for the year ended 31 October 2022
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 November 2021
27,397
90,526
3,867
121,790
At 31 October 2022
27,637
90,526
3,867
122,030
At 1 November 2021
19,085
74,554
-
93,639
Charge for the year
1,827
3,993
-
5,820
At 31 October 2022
20,912
78,547
-
99,459
At 31 October 2022
6,725
11,979
3,867
22,571
At 31 October 2021
8,312
15,972
3,867
28,151
Amounts falling due within one year
Trade debtors
52,350
47,756
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Creditors: amounts falling due within one year
2022
2021
Trade creditors
57,093
30,958
Taxes and social security
29,402
14,643
Other creditors
5,466
5,383
Loans from directors
449
5,493
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Average number of employees
During the year the average number of employees was 5 (2021: 14).
