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REGISTERED NUMBER: 04630147 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 January 2023

for

Tyersal Pallets Limited

Tyersal Pallets Limited (Registered number: 04630147)






Contents of the Financial Statements
for the Year Ended 29 January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Tyersal Pallets Limited

Company Information
for the Year Ended 29 January 2023







DIRECTOR: Mrs. S M Scully





SECRETARY: Ms J M Scully





REGISTERED OFFICE: Abacus House
Pennine Business Park
Longbow Close
Huddersfield
West Yorkshire
HD2 1GQ





REGISTERED NUMBER: 04630147 (England and Wales)





ACCOUNTANTS: Crowther Chartered Accountants
Abacus House
Pennine Business Park
Longbow Close
Huddersfield
West Yorkshire
HD2 1GQ

Tyersal Pallets Limited (Registered number: 04630147)

Balance Sheet
29 January 2023

29.1.23 29.1.22
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 34,274 43,688

CURRENT ASSETS
Stocks 5 2,090 2,590
Debtors 6 287,009 419,160
Cash at bank and in hand 732,613 377,133
1,021,712 798,883
CREDITORS
Amounts falling due within one year 7 210,818 208,593
NET CURRENT ASSETS 810,894 590,290
TOTAL ASSETS LESS CURRENT
LIABILITIES

845,168

633,978

CREDITORS
Amounts falling due after more than one
year

8

(4,333

)

(10,833

)

PROVISIONS FOR LIABILITIES (6,512 ) (8,631 )
NET ASSETS 834,323 614,514

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 9 834,319 614,510
SHAREHOLDERS' FUNDS 834,323 614,514

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 January 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Tyersal Pallets Limited (Registered number: 04630147)

Balance Sheet - continued
29 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 director and authorised for issue on 25 October 2023 and were signed by:





Mrs. S M Scully - Director


Tyersal Pallets Limited (Registered number: 04630147)

Notes to the Financial Statements
for the Year Ended 29 January 2023

1. STATUTORY INFORMATION

Tyersal Pallets Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Deferred tax
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 11 ) .

Tyersal Pallets Limited (Registered number: 04630147)

Notes to the Financial Statements - continued
for the Year Ended 29 January 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£ £ £ £ £
COST
At 30 January 2022 2,000 1,475 93,500 - 96,975
Additions 599 - - 383 982
At 29 January 2023 2,599 1,475 93,500 383 97,957
DEPRECIATION
At 30 January 2022 1,909 409 50,969 - 53,287
Charge for year 81 160 10,112 43 10,396
At 29 January 2023 1,990 569 61,081 43 63,683
NET BOOK VALUE
At 29 January 2023 609 906 32,419 340 34,274
At 29 January 2022 91 1,066 42,531 - 43,688

5. STOCKS
29.1.23 29.1.22
£ £
Stocks 2,090 2,590

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.1.23 29.1.22
£ £
Trade debtors 275,833 399,895
Directors' loan accounts 10,810 16,652
Social security and other taxes - 2,238
Prepayments 366 375
287,009 419,160

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.1.23 29.1.22
£ £
Hire purchase contracts 6,500 6,500
Trade creditors 1,684 5,707
Advances from factoring company 80,055 80,022
Tax 63,027 48,067
Social security and other tax (2,322 ) -
Pension liability 51 45
VAT 61,823 68,252
210,818 208,593

Tyersal Pallets Limited (Registered number: 04630147)

Notes to the Financial Statements - continued
for the Year Ended 29 January 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.1.23 29.1.22
£ £
Hire purchase contracts 4,333 10,833

9. RESERVES
Retained
earnings
£

At 30 January 2022 614,510
Profit for the year 261,356
Dividends (41,547 )
At 29 January 2023 834,319

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the periods ended 30 January 2023 and 30 January 2022:
30.1.2330.1.22
££
Director 1
Balance outstanding at start of year16,65230,241
Amounts advanced138,17262,945
Amounts repaid(144,014)(76,534)
Balance outstanding at end of year10,81116,652