Company Registration No. 09731854 (England and Wales)
Town & County Dorset Ltd
Unaudited accounts
for the year ended 31 August 2023
Town & County Dorset Ltd
Unaudited accounts
Contents
Town & County Dorset Ltd
Company Information
for the year ended 31 August 2023
Directors
Michael Stuart Trimby
Elizabeth Lara Trimby
Company Number
09731854 (England and Wales)
Registered Office
22 Limited Road
Bournemouth
Dorset
BH9 1SS
United Kingdom
Accountants
Mrs R N Pitman
Portheras Accounting Ltd
Tremarstan
Kilhallon
Cornwall
PL24 2RL
Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
Town & County Dorset Ltd
for the year ended 31 August 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Town & County Dorset Ltd for the year ended
31 August 2023 as set out on pages
5 -
8 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
This report is made solely to the Board of Directors of Town & County Dorset Ltd, as a body, in accordance with the terms of our engagement letter dated 21 September 2021. Our work has been undertaken solely to prepare for your approval the accounts of Town & County Dorset Ltd and state those matters that we have agreed to state to the Board of Directors of Town & County Dorset Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Town & County Dorset Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Town & County Dorset Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Town & County Dorset Ltd. You consider that Town & County Dorset Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Town & County Dorset Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Mrs R N Pitman
Chartered Certified Accountants
Portheras Accounting Ltd
Tremarstan
Kilhallon
Cornwall
PL24 2RL
8 January 2024
Town & County Dorset Ltd
Statement of financial position
as at 31 August 2023
Intangible assets
4,000
6,000
Tangible assets
4,821
5,710
Cash at bank and in hand
1,458
3,742
Creditors: amounts falling due within one year
(31,498)
(36,584)
Net current liabilities
(3,940)
(10,496)
Called up share capital
100
100
Profit and loss account
4,781
1,114
Shareholders' funds
4,881
1,214
For the year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts 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 FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 12 February 2024 and were signed on its behalf by
Michael Stuart Trimby
Director
Company Registration No. 09731854
Town & County Dorset Ltd
Notes to the Accounts
for the year ended 31 August 2023
Town & County Dorset Ltd is a private company, limited by shares, registered in England and Wales, registration number 09731854. The registered office is 22 Limited Road, Bournemouth, Dorset, BH9 1SS, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
Reducing Balance 20%
Motor vehicles
Reducing Balance 20%
Fixtures & fittings
Reducing Balance 20%
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life to a maximum of 20 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Town & County Dorset Ltd
Notes to the Accounts
for the year ended 31 August 2023
4
Intangible fixed assets
Goodwill
At 1 September 2022
20,000
At 1 September 2022
14,000
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 September 2022
3,228
12,652
2,348
18,228
At 31 August 2023
3,503
12,652
2,348
18,503
At 1 September 2022
2,262
8,711
1,545
12,518
Charge for the year
216
788
160
1,164
At 31 August 2023
2,478
9,499
1,705
13,682
At 31 August 2023
1,025
3,153
643
4,821
At 31 August 2022
966
3,941
803
5,710
Amounts falling due within one year
Amounts due from group undertakings etc.
21,198
20,610
Accrued income and prepayments
4,650
662
Town & County Dorset Ltd
Notes to the Accounts
for the year ended 31 August 2023
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
14,126
19,029
Trade creditors
1,712
3,504
Taxes and social security
12,021
9,992
8
Transactions with related parties
Included in debtors is a loan between related parties of £20,000 in May 2020, repayable at 0%. Market rate is 2.5% so adjustments have been made accordingly
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).