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Registered Number: 12713108
England and Wales

 

 

 

IAN TINSLEY & CO LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 01 August 2022

End date: 31 July 2023
Directors I D Tinsley
V A Tinsley
Registered Number 12713108
Registered Office 77 High Street
Hadleigh
Benfleet
Essex
SS7 2PA
Accountants Booksure Accounting Limited
77 High Street
Hadleigh
Essex
SS7 2PA
1
Director's report and financial statements
The directors present his/her/their annual report and the financial statements for the year ended 31 July 2023.
Principal activities
Principal activity of the company during the financial year was of estate agents.
Directors
The directors who served the company throughout the year were as follows:
I D Tinsley
V A Tinsley
Statement of directors' responsibilities
The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the directors are required to :
  • select suitable accounting policies and then apply them consistently
  • make judgements and accounting estimates that are reasonable and prudent
  • state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions

This report was approved by the board and signed on its behalf by:


----------------------------------
I D Tinsley
Director

Date approved: 09 October 2023
2
Accountant’s report
You consider that the company is exempt from an audit for the year ended 31 July 2023 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
Booksure Accounting Limited
31 July 2023



....................................................
Booksure Accounting Limited
77 High Street
Hadleigh
Essex
SS7 2PA
09 October 2023
3
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Intangible fixed assets 3 20,000    22,500 
Tangible fixed assets 4 1,450    608 
21,450    23,108 
Current assets      
Debtors 5 507   
Cash at bank and in hand 80,159    126,627 
80,666    126,627 
Creditors: amount falling due within one year 6 (8,958)   (43,411)
Net current assets 71,708    83,216 
 
Total assets less current liabilities 93,158    106,324 
Net assets 93,158    106,324 
 

Capital and reserves
     
Called up share capital 7 100    100 
Profit and loss account 93,058    106,224 
Shareholder's funds 93,158    106,324 
 


For the year ended 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements 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 Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 09 October 2023 and were signed on its behalf by:


-------------------------------
I D Tinsley
Director
4
  Equity share capital   Retained Earnings   Total
£ £ £
At 01 August 2021 100  62,625  62,725 
Profit for the year 65,599  65,599 
Total comprehensive income for the year 65,599  65,599 
Dividends (22,000) (22,000)
Total investments by and distributions to owners (22,000) (22,000)
At 31 July 2022 100  106,224  106,324 
At 01 August 2022 100  106,224  106,324 
Profit for the year 26,834  26,834 
Total comprehensive income for the year 26,834  26,834 
Dividends (40,000) (40,000)
Total investments by and distributions to owners (40,000) (40,000)
At 31 July 2023 100  93,058  93,158 
5
General Information
Ian Tinsley & Co Ltd is a private company, limited by shares, registered in England and Wales, registration number 12713108, registration address 77 High Street, Hadleigh, Benfleet, Essex, SS7 2PA.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 33% Straight Line
2.

Average number of employees

Average number of employees during the year was 1 (2022 : 1).
3.

Intangible fixed assets

Cost Goodwill   Total
  £   £
At 01 August 2022 25,000    25,000 
Additions  
Disposals  
At 31 July 2023 25,000    25,000 
Amortisation
At 01 August 2022 2,500    2,500 
Charge for year 2,500    2,500 
On disposals  
At 31 July 2023 5,000    5,000 
Net book values
At 31 July 2023 20,000    20,000 
At 31 July 2022 22,500    22,500 


4.

Tangible fixed assets

Cost or valuation Plant and Machinery   Total
  £   £
At 01 August 2022 1,824    1,824 
Additions 2,173    2,173 
Disposals  
At 31 July 2023 3,997    3,997 
Depreciation
At 01 August 2022 1,216    1,216 
Charge for year 1,331    1,331 
On disposals  
At 31 July 2023 2,547    2,547 
Net book values
Closing balance as at 31 July 2023 1,450    1,450 
Opening balance as at 01 August 2022 608    608 


5.

Debtors: amounts falling due within one year

2023
£
  2022
£
Other Debtors 164   
VAT 343   
507   

6.

Creditors: amount falling due within one year

2023
£
  2022
£
Corporation Tax 6,608    16,279 
Accrued Expenses 1,350    1,350 
Other Creditors 1,000   
Directors' Current Accounts   24,370 
VAT   1,412 
8,958    43,411 

7.

Share Capital

Allotted, called up and fully paid
2023
£
  2022
£
100 Class A shares of £1.00 each 100    100 
100    100 

6