Registered number
04813816
Tietjen Clark Limited
Filleted Accounts
31 July 2023
Tietjen Clark Limited
Registered number: 04813816
Balance Sheet
as at 31 July 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 - 1,758
Current assets
Debtors 4 2,069 11,886
Cash at bank and in hand 12,867 19,558
14,936 31,444
Creditors: amounts falling due within one year 5 (2,978) (11,463)
Net current assets 11,958 19,981
Net assets 11,958 21,739
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 10,958 20,739
Shareholder's funds 11,958 21,739
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.
The member has 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 preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Frank Ronald Tietjen
Director
Approved by the board on 13 October 2023
Tietjen Clark Limited
Notes to the Accounts
for the period from 1 September 2022 to 31 July 2023
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 September 2022 2,483
Disposals (2,483)
At 31 July 2023 -
Depreciation
At 1 September 2022 725
On disposals (725)
At 31 July 2023 -
Net book value
At 31 July 2023 -
At 31 August 2022 1,758
4 Debtors 2023 2022
£ £
Trade debtors 130 11,886
Other debtors 1,939 -
2,069 11,886
5 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs - 7,531
Other creditors 2,978 3,932
2,978 11,463
6 Other information
Tietjen Clark Limited is a private company limited by shares and incorporated in England. Its registered office is:
Devonshire House
582 Honeypot Lane
Stanmore
HA7 1JS
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