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REGISTERED NUMBER: 04575243 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2023

FOR

TONY STYCHE LIMITED

TONY STYCHE LIMITED (REGISTERED NUMBER: 04575243)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TONY STYCHE LIMITED

COMPANY INFORMATION
for the Year Ended 31 January 2023







DIRECTORS: A G Styche
Mrs D Styche





SECRETARY: Mrs D Styche





REGISTERED OFFICE: Manor Farm
Ryehill
Hull
HU12 9NH





REGISTERED NUMBER: 04575243 (England and Wales)





ACCOUNTANTS: Sowerby
Chartered Accountants
Beckside Court
Annie Reed Road
Beverley
East Yorkshire
HU17 0LF

TONY STYCHE LIMITED (REGISTERED NUMBER: 04575243)

BALANCE SHEET
31 January 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 38,316 41,673
38,316 41,673

CURRENT ASSETS
Stocks 5,623 5,879
Debtors 6 16,643 7,413
Cash at bank and in hand 70,941 107,567
93,207 120,859
CREDITORS
Amounts falling due within one year 7 14,312 48,000
NET CURRENT ASSETS 78,895 72,859
TOTAL ASSETS LESS CURRENT
LIABILITIES

117,211

114,532

CREDITORS
Amounts falling due after more than one year 8 (15,000 ) (15,000 )

PROVISIONS FOR LIABILITIES (2,627 ) (3,485 )
NET ASSETS 99,584 96,047

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 99,484 95,947
SHAREHOLDERS' FUNDS 99,584 96,047

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

TONY STYCHE LIMITED (REGISTERED NUMBER: 04575243)

BALANCE SHEET - continued
31 January 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 September 2023 and were signed on its behalf by:




A G Styche - Director



Mrs D Styche - Director


TONY STYCHE LIMITED (REGISTERED NUMBER: 04575243)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2023


1. STATUTORY INFORMATION

Tony Styche Limited is a private company limited by shares and incorporated and domiciled in England. It has its registered office and principal place of business at Manor Farm, Ryehill, Hull, HU12 9NH.

The principal activity of the company is that of Agricultural Machinery Engineer
.

The presentational currency of the financial statements is 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.

Having regard to liquidity risk, current market conditions and other factors affecting the company, the use of the going concern basis of accounting is appropriate as, in the opinion of the directors, there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.

Turnover
Turnover is the amount derived from ordinary activities, measured at the fair value of the consideration received or receivable. Turnover excludes value added tax and trade discounts.

Turnover from services is recognised on completion of service, or when those services span the year end date, by reference to the stage of completion at the balance sheet date.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - 25% on a reducing balance basis and 15% on reducing balance

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell, after making due allowance for obsolete and slow moving items. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Stock is calculated on the first in first out basis.

In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacture/completion.

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


TONY STYCHE LIMITED (REGISTERED NUMBER: 04575243)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2023


2. ACCOUNTING POLICIES - continued
Taxation
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2022
and 31 January 2023 30,000
AMORTISATION
At 1 February 2022
and 31 January 2023 30,000
NET BOOK VALUE
At 31 January 2023 -
At 31 January 2022 -

TONY STYCHE LIMITED (REGISTERED NUMBER: 04575243)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2023


5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 February 2022
and 31 January 2023 35,297 84,608 119,905
DEPRECIATION
At 1 February 2022 11,966 66,266 78,232
Charge for year 467 2,890 3,357
At 31 January 2023 12,433 69,156 81,589
NET BOOK VALUE
At 31 January 2023 22,864 15,452 38,316
At 31 January 2022 23,331 18,342 41,673

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 16,424 7,205
Other debtors 219 208
16,643 7,413

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1,451 436
Tax 2,190 1,580
Social security and other taxes 257 533
VAT 6,641 5,218
Directors' current accounts 1,806 38,506
Accrued expenses 1,967 1,727
14,312 48,000

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Directors subordinated loans 15,000 15,000

TONY STYCHE LIMITED (REGISTERED NUMBER: 04575243)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2023


9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in long term creditors is a loan to the company from the director, A G Styche, amounting to £15,000 (2022 £15,000). This loan is not due for repayment until written notice is received from the director which shall not be less than 12 months prior to repayment. The loan does not accrue interest.

The company also owed A G Styche and Mrs D Styche £1,818 (2022 £38,506) which is shown in creditors falling due within one year. This loan is interest free and repayable on demand.