Registered number
10766303
Tidy Bristol Ltd
Unaudited Filleted Accounts
31 May 2023
Tidy Bristol Ltd
Registered number: 10766303
Balance Sheet
as at 31 May 2023
Notes 2023 2022
£ £
Current assets
Debtors 4 11,089 45,581
Cash at bank and in hand 66,999 29,650
78,088 75,231
Creditors: amounts falling due within one year 5 (51,547) (45,853)
Net current assets 26,541 29,378
Total assets less current liabilities 26,541 29,378
Creditors: amounts falling due after more than one year 6 (20,833) (30,833)
Net assets/(liabilities) 5,708 (1,455)
Capital and reserves
Called up share capital 10 10
Profit and loss account 5,698 (1,465)
Shareholder's funds 5,708 (1,455)
The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.
The member has not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for ensuring that the company keeps accounting records which comply with Section 386 and 387 of the Companies Act 2006; and preparing financial statements which give a true and fair view of the state of the affairs of the company as at the end of each financial year and of its profit and loss for each financial year in accordance with the requirements of Sections 394 to 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.
These financial statements have been prepared in accordance with the provisions applicable to companies subject the the small companies' regime.
Briony Moore
Director
Approved by the board on 19 February 2024
Tidy Bristol Ltd
Notes to the Accounts
for the year ended 31 May 2023
1 Statutory information
Tidy Bristol Ltd is a company limited by shares and registered in England and Wales under company number 10766303. The address of the registered office is First Floor, 5 High Street, Westbury-on-Trym, Bristol, BS9 3BY.
2 Summary of significant accounting policies
Basis of preparation of financial statements
The financial statements have been prepared in accordance with FRS 102 The financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities and under the historical cost convention.
Going concern
After reviewing the the company's forecasts and projections, the director has a reasonable expection that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing these financial statements.
Leasing
Assets acquired under finance leases are capitalised in the balance sheet and depreciated over the shorter of the lease term and the expected useful life of the asset. A lease is treated as a finance lease when, substantially, all the risks and rewards of ownership of the asset transfer from the lessor to the company. Minimum lease payments are apportioned between the finance charge and the reduction of the outstanding lease liability using the effective interest method. The related obligations, net of future finance charges, are included in creditors. Where, substantially, all the risks and rewards of ownership of the asset do not transfer from the lessor to the company, the lease is treated as an operating lease. Rentals payable under operating leases are charged to the profit and loss account on a straight-line basis over the period of the lease. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term. Rental income from operating leases is recognised on a straight-line basis over the term of the relevant lease. Initial direct costs in negotiating and arranging an operating leases are added to the carrying amount of the leased asset and recognised on a straight-line basis over the lease term.
2 Summary of significant accounting policies ( continued )
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at transaction price and measured at amortised cost using the effective interest method. Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through the profit and loss. All other investments are subsequently measured ar cost less impairment. Debtors and creditors that fall due within one year are recorded in the financial statements at transaction price and then subsequently measured at amortised cost. If the effects of the time value of money are immaterial, they are measured at cost (less impairment for trade debtors). Debtors are reviewed for impairment at each reporting date and any impairments are recorded within profit and loss and shown within administrative expenses when there is objective evidence that a debtor is impaired. Objective evidence that a debtor is impaired arises when the customer is unable to settle amounts owing to the company or the customer becomes bankrupt. Debtors do not carry interest and are stated at their nominal value. Trade creditors are not interest-bearing and are stated at their nominal value. Financial assets which are measured at cost or amortised cost are reviewed for objective evidence of impairment at each balance sheet date. If there is objective evidence of impairment , an impairment loss is recognised in profit and loss immediately. All equity instruments, regardless of significance, and other financial assets that are individually significant, are assesed individually for impairment. Other financial assets are either assessed individually or grouped on the similar basis of credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset which exceeds what the carrying amount would have been had the impairment loss not previously been recognised.
Taxation
Current tax represents the amount of tax payable (receivable) in the respect profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws that have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of VAT and discounts. Turnover is also measured net of the estimated value of customer returns and volume rebates.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit and loss. The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.
3 Average number of employees
The average number of employees, including directors employed under contracts of service, during the year was as follows:
2023 2022
Number Number
Employees 13 14
4 Debtors 2023 2022
£ £
Trade debtors 4,696 11,421
Other debtors 6,393 34,160
11,089 45,581
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 10,000 10,000
Taxation and social security costs 36,991 31,872
Other creditors 4,556 3,981
51,547 45,853
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 20,833 30,833
7 Pension commitments
The company operates a defined contribution pension scheme, Tidy Bristol Ltd Pension Scheme, for the employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date, unpaid contributions of £162 (2022 - £181) were due to the fund. They are included within other creditors.
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