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REGISTERED NUMBER: 06725252 (England and Wales)












Unaudited Financial Statements

For The Year Ended 31st October 2023

for

Titchmarsh & Co. Limited

Titchmarsh & Co. Limited (Registered number: 06725252)






Contents of the Financial Statements
For The Year Ended 31st October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Titchmarsh & Co. Limited

Company Information
For The Year Ended 31st October 2023







DIRECTORS: G Titchmarsh
Mrs M Titchmarsh
Mrs S H Bagley
M Bagley





SECRETARY: G Titchmarsh





REGISTERED OFFICE: First Floor
Kenneth Hodgson House
18 Park Row
Leeds
West Yorkshire
LS1 5JA





REGISTERED NUMBER: 06725252 (England and Wales)





ACCOUNTANTS: F E Metcalfe & Co Limited
Chartered Accountants
4 Old Market Place
Ripon
North Yorkshire
HG4 1EQ

Titchmarsh & Co. Limited (Registered number: 06725252)

Balance Sheet
31st October 2023

31.10.23 31.10.22
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 1,069 1,477

CURRENT ASSETS
Debtors 5 18,012 11,265
Cash at bank 228,234 252,773
246,246 264,038
CREDITORS
Amounts falling due within one year 6 181,972 108,767
NET CURRENT ASSETS 64,274 155,271
TOTAL ASSETS LESS CURRENT
LIABILITIES

65,343

156,748

CREDITORS
Amounts falling due after more than one
year

7

(17,365

)

(27,442

)

PROVISIONS FOR LIABILITIES 9 (202 ) (280 )
NET ASSETS 47,776 129,026

CAPITAL AND RESERVES
Called up share capital 300 300
Retained earnings 47,476 128,726
47,776 129,026

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Titchmarsh & Co. Limited (Registered number: 06725252)

Balance Sheet - continued
31st October 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4th March 2024 and were signed on its behalf by:





G Titchmarsh - Director


Titchmarsh & Co. Limited (Registered number: 06725252)

Notes to the Financial Statements
For The Year Ended 31st October 2023

1. STATUTORY INFORMATION

Titchmarsh & Co. 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.

Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reasonably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:-

Sale of Goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied

- the Company has transferred the significant risks and rewards of ownership to the buyer;
- the Company retains neither the continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
- the amount of revenue can be measured reliably;
- it is probable that the Company will receive the consideration due under the transaction; and
- the costs incurred or to be incurred in respect of the transaction can be measured reliably

Rendering of Services

Revenue from a contract to provide services is recognised in the period in which the services were provided in accordance with stage completion of the contract when all of the following conditions are satisfied:

- the amount of revenue can be measured reliably;
- it is probable that the company will receive the consideration due under the contract;
- that stage completion of the contract at the end of the accounting period can be measured reliably;and
- that costs incurred and the costs to complete the contract can be measured reliably

Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight line method.

Depreciation is provided on the following basis:

Office equipment - 33%

The assets' residual values, useful lives and depreciation methods are reviewed, adjusted and prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of income and retained earnings.

Titchmarsh & Co. Limited (Registered number: 06725252)

Notes to the Financial Statements - continued
For The Year Ended 31st October 2023

2. ACCOUNTING POLICIES - continued

Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loan from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that a charge attributable to an item of income and expense is recognised as other comprehensive income or to an item recognised directly to equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax relates 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. Except that:

- the recognition of deferred tax assets is limited to the extent it is probable that they will be recovered against the reversal of the deferred tax liabilities or other future taxable profits; and

- any deferred tax balances are reversed if and when all conditions for retaining associated allowances have been met

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.

Interest income
Interest income is recognised in the Statement of income and retained earnings using the effective interest method.

Provisions for liabilities
Provisions are made where an event has taken place that gives a Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the Statement of income and retained earnings in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payment are eventually made, they are charged to the provision carried in the balance sheet.

Titchmarsh & Co. Limited (Registered number: 06725252)

Notes to the Financial Statements - continued
For The Year Ended 31st October 2023

2. ACCOUNTING POLICIES - continued

Operating leases: the company as lessee
Rentals paid under operating leases are charged to the Statement of income and retained earnings on a straight line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the lease asset.

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transactions costs and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk in change of value.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

Titchmarsh & Co. Limited (Registered number: 06725252)

Notes to the Financial Statements - continued
For The Year Ended 31st October 2023

4. TANGIBLE FIXED ASSETS
Computer
equipment
£
COST
At 1st November 2022 8,193
Additions 1,375
At 31st October 2023 9,568
DEPRECIATION
At 1st November 2022 6,716
Charge for year 1,783
At 31st October 2023 8,499
NET BOOK VALUE
At 31st October 2023 1,069
At 31st October 2022 1,477

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£ £
Trade debtors 13,251 1,620
Prepayments 4,761 9,645
18,012 11,265

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£ £
Bank loans and overdrafts 10,077 9,829
Corporation Tax 41,550 62,896
Social security and other taxes 343 278
VAT 51,440 9,815
Other creditors 16,617 609
Directors' current accounts 2,125 21,000
Accrued expenses 59,820 4,340
181,972 108,767

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.23 31.10.22
£ £
Bank loans - 1-2 years 10,332 10,077
Bank loans - 2-5 years 7,033 17,365
17,365 27,442

Titchmarsh & Co. Limited (Registered number: 06725252)

Notes to the Financial Statements - continued
For The Year Ended 31st October 2023

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.10.23 31.10.22
£ £
Within one year 14,652 14,652
Between one and five years - 14,652
14,652 29,304

9. PROVISIONS FOR LIABILITIES
31.10.23 31.10.22
£ £
Deferred tax 202 280

Deferred tax
£
Balance at 1st November 2022 280
Credit to Statement of Income and Retained Earnings during year (78 )
Balance at 31st October 2023 202