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REGISTRAR OF COMPANIES

Registration number: 05984630

Tim Wallis Limited

Unaudited Financial Statements

31 October 2023

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Tim Wallis Limited

Contents

Accountants' Report

1

Balance Sheet

2

 

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Tim Wallis Limited
for the Year Ended 31 October 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Tim Wallis Limited for the year ended 31 October 2023 as set out on pages 2 to 4 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Tim Wallis Limited, as a body, in accordance with the terms of our engagement letter dated 19 August 2022. Our work has been undertaken solely to prepare for your approval the accounts of Tim Wallis Limited and state those matters that we have agreed to state to the Board of Directors of Tim Wallis Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Tim Wallis Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Tim Wallis Limited 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 Tim Wallis Limited. You consider that Tim Wallis Limited 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 Tim Wallis Limited. 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.



Dodd & Co Limited
Chartered Accountants
FIFTEEN Rosehill
Montgomery Way
Rosehill Estate
CARLISLE
CA1 2RW

14 February 2024

 

Tim Wallis Limited

(Registration number: 05984630)
Balance Sheet as at 31 October 2023

2023
£

2022
£

Fixed assets

 

1,259

1,766

Current assets

 

155,977

168,635

Prepayments and accrued income

 

1,900

1,460

Creditors: Amounts falling due within one year

 

(17,416)

(5,115)

Net current assets

 

140,461

164,980

Total assets less current liabilities

 

141,720

166,746

Accruals and deferred income

 

(2,300)

(2,100)

   

139,420

164,646

Capital and reserves

 

139,420

164,646

 

Tim Wallis Limited

(Registration number: 05984630)
Balance Sheet as at 31 October 2023 (continued)

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
FIFTEEN Rosehill
Montgomery Way
Rosehill Estate
CARLISLE
CA1 2RW

Basis of preparation

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

2

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

3

Related party transactions

Transactions with the director

2023

At 1 November 2022
£

Advances
£

Repayments
£

Dividends credited
£

Interest
£

At 31 October 2023
£

T Wallis

Director loan

3,229

15,000

(1,320)

(17,019)

110

-

             
         

 

2022

At 1 November 2021
£

Advances
£

Repayments
£

Dividends credited
£

Interest
£

At 31 October 2022
£

T Wallis

Director loan

17,617

14,102

(4,145)

(24,500)

155

3,229

             
         

 

Director advances are repayable on demand.

Interest has been charged at 2% on advances to the director.

 

Tim Wallis Limited

(Registration number: 05984630)
Balance Sheet as at 31 October 2023 (continued)

These financial statements have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

For the financial year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 14 February 2024
 

.........................................
T Wallis
Director