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REGISTERED NUMBER: 05310180 (England and Wales)














Financial Statements for the Year Ended 28 February 2023

for

Tugby And Tugby Surveyors Limited

Tugby And Tugby Surveyors Limited (Registered number: 05310180)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Tugby And Tugby Surveyors Limited

Company Information
for the Year Ended 28 February 2023







DIRECTOR: Mr F Tugby





REGISTERED OFFICE: The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY





REGISTERED NUMBER: 05310180 (England and Wales)





ACCOUNTANTS: Nordens
The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY

Tugby And Tugby Surveyors Limited (Registered number: 05310180)

Statement of Financial Position
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,708 4,126

CURRENT ASSETS
Debtors 5 12,599 17,266
Cash at bank 34,644 31,056
47,243 48,322
CREDITORS
Amounts falling due within one
year

6

29,617

32,028
NET CURRENT ASSETS 17,626 16,294
TOTAL ASSETS LESS CURRENT
LIABILITIES

23,334

20,420

CREDITORS
Amounts falling due after more
than one year

7

11,000

13,333
NET ASSETS 12,334 7,087

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 12,333 7,086
SHAREHOLDERS' FUNDS 12,334 7,087

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Tugby And Tugby Surveyors Limited (Registered number: 05310180)

Statement of Financial Position - continued
28 February 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 28 September 2023 and were signed by:





Mr F Tugby - Director


Tugby And Tugby Surveyors Limited (Registered number: 05310180)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Tugby And Tugby Surveyors 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.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% on reducing balance

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.

Government grants
Government grants represents income received in the form of Job Retention Scheme (JRS) money received from the Government during the COVID-19 pandemic. The Government Grant also represents the first year of interest for the company on the Bounce Back Loan (BBL) it received during the year. The grants are recognised on the accruals basis in the same period as the expenditure that it is expected to compensate for.

3. EMPLOYEES AND DIRECTORS

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

Tugby And Tugby Surveyors Limited (Registered number: 05310180)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 March 2022 4,028 21,145 25,173
Additions - 3,364 3,364
At 28 February 2023 4,028 24,509 28,537
DEPRECIATION
At 1 March 2022 3,121 17,926 21,047
Charge for year 136 1,646 1,782
At 28 February 2023 3,257 19,572 22,829
NET BOOK VALUE
At 28 February 2023 771 4,937 5,708
At 28 February 2022 907 3,219 4,126

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 12,599 17,266

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans and overdrafts 4,000 4,000
Taxation and social security 19,313 24,242
Other creditors 6,304 3,786
29,617 32,028

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.23 28.2.22
£    £   
Bank loans 11,000 13,333

8. RELATED PARTY DISCLOSURES

The director, Mr F Tugby, is considered to be the key management personnel.