Company Registration No. 08778223 (England and Wales)
Tractor Spare Parts Ltd
Unaudited accounts
for the year ended 31 March 2022
Tractor Spare Parts Ltd
Unaudited accounts
Contents
Tractor Spare Parts Ltd
Company Information
for the year ended 31 March 2022
Directors
Andrew Griffin
Joanna Griffin
Company Number
08778223 (England and Wales)
Registered Office
Wesleyan House
Alstonefield
Ashbourne
Derbyshire
DE6 2FY
Accountants
Hall Accounting Ltd
Ferny Knowle Farm
Sheen
Buxton
Derbyshire
SK17 0ER
Tractor Spare Parts Ltd
Statement of financial position
as at
31 March 2022
Tangible assets
51,394
61,005
Inventories
83,632
79,432
Cash at bank and in hand
290,560
285,568
Creditors: amounts falling due within one year
(143,884)
(146,572)
Net current assets
270,493
244,362
Net assets
321,887
305,367
Called up share capital
2
2
Profit and loss account
321,885
305,365
Shareholders' funds
321,887
305,367
For the year ending 31 March 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 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.
The financial statements were approved by the Board of Directors and authorised for issue on 18 July 2022 and were signed on its behalf by
Andrew Griffin
Director
Company Registration No. 08778223
Tractor Spare Parts Ltd
Notes to the Accounts
for the year ended 31 March 2022
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
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 2021
74,716
35,701
570
31,461
142,448
Additions
2,773
-
-
4,748
7,521
At 31 March 2022
77,489
35,701
570
36,209
149,969
At 1 April 2021
47,453
19,762
570
13,658
81,443
Charge for the year
7,509
3,985
-
5,638
17,132
At 31 March 2022
54,962
23,747
570
19,296
98,575
At 31 March 2022
22,527
11,954
-
16,913
51,394
At 31 March 2021
27,263
15,939
-
17,803
61,005
Tractor Spare Parts Ltd
Notes to the Accounts
for the year ended 31 March 2022
5
Debtors: amounts falling due within one year
2022
2021
Trade debtors
12,304
8,387
Accrued income and prepayments
27,881
17,547
6
Creditors: amounts falling due within one year
2022
2021
Obligations under finance leases and hire purchase contracts
3,977
9,805
Trade creditors
55,590
41,015
Taxes and social security
25,857
40,847
Other creditors
4,793
3,514
Loans from directors
40,596
44,636
7
Average number of employees
During the year the average number of employees was 7 (2021: 7).