Tufting Engineering Consultants Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07885048 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2021

for

Tufting Engineering Consultants Limited

Page

Company Information

1

Chartered Certified Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

Director:

Mr B Roberts

Registered office:

Library Chambers

48 Union Street

Hyde

Cheshire

SK14 1ND

Registered number:

07885048 (England and Wales)

Accountants:

Allen Mills Howard & Co

Chartered Certified Accountants

Library Chambers

48 Union Street

Hyde

Cheshire

SK14 1ND

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Tufting Engineering Consultants Limited for the year ended 31 December 2021 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Tufting Engineering Consultants Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Tufting Engineering Consultants Limited and state those matters that we have agreed to state to the director of Tufting Engineering Consultants Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Tufting Engineering Consultants Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Tufting Engineering Consultants Limited. You consider that Tufting Engineering Consultants Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Tufting Engineering Consultants Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Allen Mills Howard & Co

Chartered Certified Accountants

Library Chambers

48 Union Street

Hyde

Cheshire

SK14 1ND

21 September 2022

Fixed assets

Tangible assets

4

17,188

21,594

Current assets

Stocks

71,087

39,759

Debtors

5

106,327

65,788

Cash at bank

11,993

36,702

189,407

142,249

Creditors

Amounts falling due within one year

6

89,065

52,921

Net current assets

100,342

89,328

Total assets less current liabilities

117,530

110,922

Creditors

Amounts falling due after more than one year

7

96,981

65,023

Net assets

20,549

45,899

Capital and reserves

Called up share capital

8

100

100

Retained earnings

20,449

45,799

Shareholders' funds

20,549

45,899

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 September 2022 and were signed by:

Mr B Roberts - Director

1.	Statutory information

Tufting Engineering Consultants 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Motor vehicles

-

25% on reducing balance

Computer equipment

-

15% 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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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 2 (2020 - 2 ) .

4.	Tangible fixed assets

Motor

Computer

vehicles

equipment

Totals

£

£

£

Cost

At 1 January 2021

36,235

2,330

38,565

Additions

-

1,024

1,024

At 31 December 2021

36,235

3,354

39,589

Depreciation

At 1 January 2021

15,853

1,118

16,971

Charge for year

5,095

335

5,430

At 31 December 2021

20,948

1,453

22,401

Net book value

At 31 December 2021

15,287

1,901

17,188

At 31 December 2020

20,382

1,212

21,594

5.

Debtors: amounts falling due within one year

2021

2020

£

£

Trade debtors

29,318

8,096

Other debtors

77,009

57,692

106,327

65,788

6.

Creditors: amounts falling due within one year

2021

2020

£

£

Bank loans and overdrafts

42,095

10,800

Hire purchase contracts

5,008

5,008

Trade creditors

35,251

21,652

Taxation and social security

5,621

12,391

Other creditors

1,090

3,070

89,065

52,921

7.

Creditors: amounts falling due after more than one year

2021

2020

£

£

Bank loans

79,062

43,200

Hire purchase contracts

17,919

21,823

96,981

65,023

8.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2021

2020

value:

£

£

100

Ordinary

£1

100

100

9.	Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 31 December 2021 and 31 December 2020:

2021

2020

£

£

Mr B Roberts

Balance outstanding at start of year

44,653

46,381

Amounts advanced

14,433

-

Amounts repaid

-

(1,728

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

59,086

44,653