Company Registration No. 08778223 (England and Wales)
Tractor Spare Parts Ltd
Unaudited accounts
for the year ended 31 March 2019
Tractor Spare Parts Ltd
Unaudited accounts
Contents
Tractor Spare Parts Ltd
Company Information
for the year ended 31 March 2019
Directors
Andrew Griffin
Joanna Griffin
Company Number
08778223 (England and Wales)
Registered Office
Wesleyan House
Alstonefield
Ashbourne
Derbyshire
DE6 2FY
Accountants
Charlotte Hall ACCA
Ferny Knowle Farm
Sheen
Buxton
Derbyshire
SK17 0ER
Tractor Spare Parts Ltd
Statement of financial position
as at
31 March 2019
Tangible assets
55,988
26,221
Inventories
52,890
45,680
Cash at bank and in hand
167,121
175,561
Creditors: amounts falling due within one year
(71,131)
(71,335)
Net current assets
164,295
165,650
Net assets
220,283
191,871
Called up share capital
2
2
Profit and loss account
220,281
191,869
Shareholders' funds
220,283
191,871
For the year ending 31 March 2019 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.
Approved by the Board on 27 June 2019.
Andrew Griffin
Director
Company Registration No. 08778223
Tractor Spare Parts Ltd
Notes to the Accounts
for the year ended 31 March 2019
Tractor Spare Parts Ltd is a private company, limited by shares, registered in England and Wales, registration number 08778223. The registered office is Wesleyan House, Alstonefield, Ashbourne, Derbyshire, DE6 2FY.
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
25% Reducing Balance
Motor vehicles
25% Reducing Balance
Fixtures & fittings
25% Reducing Balance
Computer equipment
25% Reducing Balance
Tractor Spare Parts Ltd
Notes to the Accounts
for the year ended 31 March 2019
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 April 2018
42,055
5,000
417
9,499
56,971
Additions
10,809
30,701
-
1,232
42,742
At 31 March 2019
52,864
35,701
417
10,731
99,713
At 1 April 2018
22,144
3,418
417
4,771
30,750
Charge for the year
7,680
3,805
-
1,490
12,975
At 31 March 2019
29,824
7,223
417
6,261
43,725
At 31 March 2019
23,040
28,478
-
4,470
55,988
At 31 March 2018
19,911
1,582
-
4,728
26,221
Finished goods
52,890
45,680
Trade debtors
11,384
12,763
Other debtors
4,031
2,981
7
Creditors: amounts falling due within one year
2019
2018
Obligations under finance leases and hire purchase contracts
20,885
-
Trade creditors
11,358
14,946
Taxes and social security
18,126
33,276
Loans from directors
17,650
20,392
8
Average number of employees
During the year the average number of employees was 5 (2018: 4).