T&E Technical Limited - Accounts

T&E Technical Limited - Accounts

T&E TECHNICAL LIMITED - Company Information

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T&E Technical Limited
Report and Accounts
For the Year Ended
30 June 2017
Company Number
10258190
T&E Technical Limited
Report and Accounts
Period Ending 30 June 2017
Contents Page
Company Information 2
Report of the Directors 3
Profit and Loss Account 4
Balance Sheet 5
Notes to the Accounts 6 to 7
Company Information
Director
Mr. Terry Wilkinson
Edna Townsley
Registered Office
2 The Precinct
Rest Bay
Porthcawl
Glamorgan
CF36 3RF
T&E Technical Limited
Report of the Directors
The director presents a report and financial statements for the year ended 30 June 2017
Principal Activities
The principal activity of the company is the provision of contract services.
Directors
The directors who served during the period and their interest in the shares of the company at the
beginning and end of the period were as follows:
Ordinary Shares of one GBP each
30 June 2017 1 June 2016
Mr. Terry Wilkinson 70 70
Edna Townsley 30 30
Small Company
Advantage has been taken of special exemptions applicable to small companies in the preparation
of this report
Registered Office On behalf of the board
2 The Precinct
Rest Bay
Porthcawl _________________
CF36 3RF Mr. Terry Wilkinson
This report was approved by the board on 10 December 2017 and signed on its behalf
T&E Technical Limited
Trading and Profit and Loss Account
Period Ending 30 June 2017
Note 2017 2016
No. £ £
Turnover 1 52425 0
Less Cost of Sales 0 0
-------- --------
Gross Profit 52425 0
Administrative Expenses 26703 0
-------- --------
Operating Profit 2 25722 0
Interest Received 0 0
Interest Payable 0 0
-------- --------
Profit on Ordinary Activities Before Taxation 25722 0
Taxation 4 5437 0
-------- --------
Profit on Ordinary Activities After Taxation 20285 0
Dividends Paid 20000 0
-------- --------
Retained Surplus Transferred to Reserves 8 285 0
===== =====
Total Recognised Gains And Losses
There are no other gains or losses for the year other than those going through the profit and loss
account.
Continuing Activities
All income and expenses are from continuing activities.
T&E Technical Limited
Balance Sheet As At
30 June 2017
Note 2017 2017 2016 2016
No. £ £ £ £
Fixed Assets Intangible Assets 5 7560 0
Tangible Assets 5 1729 0
-------- --------
Total Fixed Assets 5 9289 0
Current Assets:
Bank account 125 0
Trade debtors 1750 0
Work in progress 0 0
Directors loan account 0 0
-------- --------
1875 0
Creditors:
Amounts Falling due Within One Year 6 10779 0
-------- --------
Net Current Assets -8904 0
-------- --------
Total Assets Less Current Liabilities 385 0
===== =====
Capital and Reserves 2017 2016
£ £
Called up Share Capital 7 100 100
Profit and Loss Account 8 285 0
-------- --------
Shareholders Funds 8 385 100
===== =====
The financial statements are hereby approved by the board of directors.
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit
under section 477 of the Companies Act 2006.
Members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act
2006 with respect to accounting records and the preperation of accounts. This statement fully complies
with section 475 of the Companies Act 2006.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006
applicable to companies subject to the small companies regime.
Mr. Terry Wilkinson 10 December 2017
____________________ (director) _________________ Date
T&E Technical Limited
Notes to the Accounts
Period Ending 30 June 2017
1. Accounting Policies
(a) The accounts have been prepared under the Historical Cost Convention. The principal policies
which the directors have adopted within that convention are set out below.
(b) Depreciation is provided on tangible fixed assets each year in order to write their value down
over their estimated lives. The rates that apply are as follows:
Office equipment 40%
Plant and equipment 15%
(c) The charge for taxation is based on the profit for the year and takes into account taxation
deferred because of timing differences between the treatment of certain items for accounting and
taxation purposes. Provision for deferred taxation is made under the liability method only to the
extent that it is probable that the liability will become payable in the foreseeable future.
(d) Turnover is stated as invoices issued, net of value added tax payable.
2. Operating Profit 2017 2016
£ £
Operating profit is arrived at after charging:
Depreciation on tangible fixed assets 696 0
3. Directors Emoluments
The amounts received by the directors were as follows:
Management remuneration 8120 0
4. Deferred Tax
No provision has been made in respect of deferred taxation. The total potential provision
would have been nil.
5. Fixed Assets Intangible
Fixed Asset Tangible Fixed Assets
Plant & Office Total
Cost Goodwill Cost Equipment Equipment £
Opening balance 0 Opening balance 0 0 0
Additions 9450 Additions 1095 1330 2425
Disposals 0 Revaluations 0 0 0
Closing balance 9450 Closing balance 1095 1330 2425
Depreciation Depreciation
Opening balance 0 Opening balance 0 0 0
Charge for the year 1890 Charge for the year 164 532 696
Disposals 0 Revaluations 0 0 0
Closing balance 1890 Closing balance 164 532 696
Net Book Value Net Book Value
Closing balance 7560 Closing balance 931 798 1729
T&E Technical Limited
Notes to the Accounts (Continued)
Period Ending 30 June 2017
6. Creditors: due within one year. 2017 2016
£ £
Creditors and accruals 657 0
Corporation tax 5437 0
Paye and ni 0 0
VAT 0 0
Directors loan account 4685 0
---------- ----------
10779 0
====== ======
7. Share Capital
Allocated, called up and fully paid
Ordinary shares of one GBP each 100 100
====== ======
8. Shareholders Funds Share Profit & Shareholders
Capital Loss a/c Funds
£ £ £
Opening balance 100 0 100
Results for the year 0 285 285
---------- ---------- ----------
30 June 2017 100 285 385
====== ====== ======
9. Controlling Parties
Directors and a controlling party of the company within the definition contained in FRS 8 are identified as:
Mr. Terry Wilkinson Edna Townsley
This is the end of the statutory financial statements
T&E Technical Limited 10258190 false 2016-06-30 2017-06-30 2017-06-30 VT Final Accounts (tagged by user) March 2017 10258190 2016-06-30 2017-06-30 10258190 bus:PrivateLimitedCompanyLtd 2016-06-30 2017-06-30 10258190 bus:AuditExempt-NoAccountantsReport 2016-06-30 2017-06-30 10258190 bus:Director1 2016-06-30 2017-06-30 10258190 bus:Director2 2016-06-30 2017-06-30 10258190 bus:RegisteredOffice 2016-06-30 2017-06-30 10258190 core:Goodwill 2016-06-30 2017-06-30 10258190 bus:FRS102 2016-06-30 2017-06-30 10258190 bus:FullAccounts 2016-06-30 2017-06-30 10258190 2017-06-30 10258190 core:WithinOneYear 2017-06-30 10258190 core:ShareCapital 2017-06-30 10258190 core:RetainedEarningsAccumulatedLosses 2017-06-30 10258190 core:Goodwill 2017-06-30 10258190 2016-06-29 10258190 core:Goodwill 2016-06-29 iso4217:GBP xbrli:shares