2022-04-012023-03-312023-03-31false06953766TYLA SERVICES LIMITED2023-11-1302100iso4217:GBPxbrli:pure069537662022-04-01069537662023-03-31069537662022-04-012023-03-31069537662021-04-01069537662022-03-31069537662021-04-012022-03-3106953766bus:SmallEntities2022-04-012023-03-3106953766bus:AuditExempt-NoAccountantsReport2022-04-012023-03-3106953766bus:FullAccounts2022-04-012023-03-3106953766bus:PrivateLimitedCompanyLtd2022-04-012023-03-3106953766core:WithinOneYear2023-03-3106953766core:AfterOneYear2023-03-3106953766core:WithinOneYear2022-03-3106953766core:AfterOneYear2022-03-3106953766core:ShareCapital2023-03-3106953766core:SharePremium2023-03-3106953766core:RevaluationReserve2023-03-3106953766core:OtherReservesSubtotal2023-03-3106953766core:RetainedEarningsAccumulatedLosses2023-03-3106953766core:ShareCapital2022-03-3106953766core:SharePremium2022-03-3106953766core:RevaluationReserve2022-03-3106953766core:OtherReservesSubtotal2022-03-3106953766core:RetainedEarningsAccumulatedLosses2022-03-3106953766core:LandBuildings2023-03-3106953766core:PlantMachinery2023-03-3106953766core:Vehicles2023-03-3106953766core:FurnitureFittings2023-03-3106953766core:OfficeEquipment2023-03-3106953766core:NetGoodwill2023-03-3106953766core:IntangibleAssetsOtherThanGoodwill2023-03-3106953766core:ListedExchangeTraded2023-03-3106953766core:UnlistedNon-exchangeTraded2023-03-3106953766core:LandBuildings2022-03-3106953766core:PlantMachinery2022-03-3106953766core:Vehicles2022-03-3106953766core:FurnitureFittings2022-03-3106953766core:OfficeEquipment2022-03-3106953766core:NetGoodwill2022-03-3106953766core:IntangibleAssetsOtherThanGoodwill2022-03-3106953766core:ListedExchangeTraded2022-03-3106953766core:UnlistedNon-exchangeTraded2022-03-3106953766core:LandBuildings2022-04-012023-03-3106953766core:PlantMachinery2022-04-012023-03-3106953766core:Vehicles2022-04-012023-03-3106953766core:FurnitureFittings2022-04-012023-03-3106953766core:OfficeEquipment2022-04-012023-03-3106953766core:NetGoodwill2022-04-012023-03-3106953766core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3106953766core:ListedExchangeTraded2022-04-012023-03-3106953766core:UnlistedNon-exchangeTraded2022-04-012023-03-3106953766core:MoreThanFiveYears2022-04-012023-03-3106953766core:Non-currentFinancialInstruments2023-03-3106953766core:Non-currentFinancialInstruments2022-03-3106953766dpl:CostSales2022-04-012023-03-3106953766dpl:DistributionCosts2022-04-012023-03-3106953766core:LandBuildings2022-04-012023-03-3106953766core:PlantMachinery2022-04-012023-03-3106953766core:Vehicles2022-04-012023-03-3106953766core:FurnitureFittings2022-04-012023-03-3106953766core:OfficeEquipment2022-04-012023-03-3106953766dpl:AdministrativeExpenses2022-04-012023-03-3106953766core:NetGoodwill2022-04-012023-03-3106953766core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3106953766dpl:GroupUndertakings2022-04-012023-03-3106953766dpl:ParticipatingInterests2022-04-012023-03-3106953766dpl:GroupUndertakingscore:ListedExchangeTraded2022-04-012023-03-3106953766core:ListedExchangeTraded2022-04-012023-03-3106953766dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-04-012023-03-3106953766core:UnlistedNon-exchangeTraded2022-04-012023-03-3106953766dpl:CostSales2021-04-012022-03-3106953766dpl:DistributionCosts2021-04-012022-03-3106953766core:LandBuildings2021-04-012022-03-3106953766core:PlantMachinery2021-04-012022-03-3106953766core:Vehicles2021-04-012022-03-3106953766core:FurnitureFittings2021-04-012022-03-3106953766core:OfficeEquipment2021-04-012022-03-3106953766dpl:AdministrativeExpenses2021-04-012022-03-3106953766core:NetGoodwill2021-04-012022-03-3106953766core:IntangibleAssetsOtherThanGoodwill2021-04-012022-03-3106953766dpl:GroupUndertakings2021-04-012022-03-3106953766dpl:ParticipatingInterests2021-04-012022-03-3106953766dpl:GroupUndertakingscore:ListedExchangeTraded2021-04-012022-03-3106953766core:ListedExchangeTraded2021-04-012022-03-3106953766dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-04-012022-03-3106953766core:UnlistedNon-exchangeTraded2021-04-012022-03-3106953766core:NetGoodwill2023-03-3106953766core:IntangibleAssetsOtherThanGoodwill2023-03-3106953766core:LandBuildings2023-03-3106953766core:PlantMachinery2023-03-3106953766core:Vehicles2023-03-3106953766core:FurnitureFittings2023-03-3106953766core:OfficeEquipment2023-03-3106953766core:AfterOneYear2023-03-3106953766core:WithinOneYear2023-03-3106953766core:ListedExchangeTraded2023-03-3106953766core:UnlistedNon-exchangeTraded2023-03-3106953766core:ShareCapital2023-03-3106953766core:SharePremium2023-03-3106953766core:RevaluationReserve2023-03-3106953766core:OtherReservesSubtotal2023-03-3106953766core:RetainedEarningsAccumulatedLosses2023-03-3106953766core:NetGoodwill2022-03-3106953766core:IntangibleAssetsOtherThanGoodwill2022-03-3106953766core:LandBuildings2022-03-3106953766core:PlantMachinery2022-03-3106953766core:Vehicles2022-03-3106953766core:FurnitureFittings2022-03-3106953766core:OfficeEquipment2022-03-3106953766core:AfterOneYear2022-03-3106953766core:WithinOneYear2022-03-3106953766core:ListedExchangeTraded2022-03-3106953766core:UnlistedNon-exchangeTraded2022-03-3106953766core:ShareCapital2022-03-3106953766core:SharePremium2022-03-3106953766core:RevaluationReserve2022-03-3106953766core:OtherReservesSubtotal2022-03-3106953766core:RetainedEarningsAccumulatedLosses2022-03-3106953766core:NetGoodwill2021-04-0106953766core:IntangibleAssetsOtherThanGoodwill2021-04-0106953766core:LandBuildings2021-04-0106953766core:PlantMachinery2021-04-0106953766core:Vehicles2021-04-0106953766core:FurnitureFittings2021-04-0106953766core:OfficeEquipment2021-04-0106953766core:AfterOneYear2021-04-0106953766core:WithinOneYear2021-04-0106953766core:ListedExchangeTraded2021-04-0106953766core:UnlistedNon-exchangeTraded2021-04-0106953766core:ShareCapital2021-04-0106953766core:SharePremium2021-04-0106953766core:RevaluationReserve2021-04-0106953766core:OtherReservesSubtotal2021-04-0106953766core:RetainedEarningsAccumulatedLosses2021-04-0106953766core:AfterOneYear2022-04-012023-03-3106953766core:WithinOneYear2022-04-012023-03-3106953766core:Non-currentFinancialInstrumentscore:CostValuation2022-04-012023-03-3106953766core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-04-012023-03-3106953766core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-04-012023-03-3106953766core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-04-012023-03-3106953766core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-04-012023-03-3106953766core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-04-012023-03-3106953766core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-04-012023-03-3106953766core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-04-012023-03-3106953766core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-04-012023-03-3106953766core:Non-currentFinancialInstrumentscore:CostValuation2023-03-3106953766core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-03-3106953766core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-03-3106953766core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-03-3106953766core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-03-3106953766core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-03-3106953766core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-03-3106953766core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-03-3106953766core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-03-3106953766core:Non-currentFinancialInstrumentscore:CostValuation2022-03-3106953766core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-03-3106953766core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-03-3106953766core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-03-3106953766core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-03-3106953766core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-03-3106953766core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-03-3106953766core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-03-3106953766core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-03-3106953766bus:Director12022-04-012023-03-3106953766bus:Director22022-04-012023-03-31

TYLA SERVICES LIMITED

Registered Number
06953766
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2023

TYLA SERVICES LIMITED
Company Information
for the year from 1 April 2022 to 31 March 2023

Directors

MORGAN, Matthew James
MORGAN, Nicola Louise

Registered Address

North View
Burrells
Appleby-In-Westmorland
CA16 6EG

Registered Number

06953766 (England and Wales)
TYLA SERVICES LIMITED
Statement of Financial Position
31 March 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets5991,4531,071,307
991,4531,071,307
Current assets
Stocks854,82841,250
Debtors9258,9371,151,727
Cash at bank and on hand14,11455,907
327,8791,248,884
Creditors amounts falling due within one year10(1,086,594)(1,097,007)
Net current assets (liabilities)(758,715)151,877
Total assets less current liabilities232,7381,223,184
Creditors amounts falling due after one year11(564,459)(616,700)
Provisions for liabilities13(6,000)(146,755)
Net assets(337,721)459,729
Capital and reserves
Called up share capital100100
Profit and loss account(337,821)459,629
Shareholders' funds(337,721)459,729
The financial statements were approved and authorised for issue by the Board of Directors on 13 November 2023, and are signed on its behalf by:
MORGAN, Matthew James
Director
Registered Company No. 06953766
TYLA SERVICES LIMITED
Notes to the Financial Statements
for the year ended 31 March 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Basis of measurement used in financial statements
The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
3.Accounting policies
Functional and presentation currency policy
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and/or the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)Straight line (years)
Land and buildings-10
Plant and machinery20-
Vehicles25-
Office Equipment10-
Stocks policy
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete). At each date of Statement of Financial Position, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete the sale. The impairment loss is recognised immediately in the Income Statement.
Taxation policy
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax policy
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Leases policy
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the Statement of Financial Position. They are depreciated over the shorter of their useful lives or the term of the lease. All other lease arrangements are classified as an operating lease Payments made under operating leases are charged to the Income Statement on a straight line basis over the lease term.
Employee benefits policy
The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. Contributions to defined contribution plans are expensed in the period to which they relate. Amounts not paid are shown in accruals in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.
Valuation of financial instruments policy
The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
4.Employee information

20232022
Average number of employees during the year2925
5.Property, plant and equipment

Land & buildings

Plant & machinery

Vehicles

Office Equipment

Total

£££££
Cost or valuation
At 01 April 2219,8701,204,178218,28726,4871,468,822
Additions-407,669-5,219412,888
Disposals-(249,625)(69,902)-(319,527)
At 31 March 2319,8701,362,222148,38531,7061,562,183
Depreciation and impairment
At 01 April 224,115311,53476,5265,340397,515
Charge for year1,694190,97732,1075,110229,888
On disposals-(22,110)(34,563)-(56,673)
At 31 March 235,809480,40174,07010,450570,730
Net book value
At 31 March 2314,061881,82174,31521,256991,453
At 31 March 2215,755892,644141,76121,1471,071,307
6.Off balance sheet pension commitments
The pension cost charge represents contributions payable by the company to the fund and amounted to £17,392 (2022 - £9946).
7.Directors advances, credits and guarantees
On 1 April 2022 a Director owed the Company £108,544. During the period this director was advanced a further £166,825 and repaid £227,090. At 31 March 2023 this Director owed the Company £47,623. Interest equal to £513 was charged on this loan at the HMRC official rate. The loan is repayable on demand. On 1 April 2022 a second Director owed the Company £Nil. During the period this director was advanced a further £30,630 and repaid £15,403. At 31 March 2023 this Director owed the Company £15,227. Interest equal to £182 was charged on this loan at the HMRC official rate. The loan is repayable on demand.
8.Stocks

2023

2022

££
Raw materials and consumables30,75030,750
Work in progress24,07810,500
Total54,82841,250
9.Debtors

2023

2022

££
Trade debtors / trade receivables158,646835,567
Other debtors62,851225,495
Prepayments and accrued income37,44090,665
Total258,9371,151,727
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
10.Creditors within one year

2023

2022

££
Trade creditors / trade payables301,910515,412
Bank borrowings and overdrafts150,09057,016
Taxation and social security354,183113,872
Finance lease and HP contracts177,141223,760
Other creditors92,191128,564
Accrued liabilities and deferred income11,07958,383
Total1,086,5941,097,007
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. Bank borrowings and overdrafts are secured by fixed and floating charges over the assets of the company. Finance lease and HP contracts are secured against the assets to which they relate.
11.Creditors after one year

2023

2022

££
Bank borrowings and overdrafts197,916153,541
Other creditors366,543463,159
Total564,459616,700
Finance lease and HP contracts equal to £344,315, (2022 - £463,159) are included within other creditors and are secured against the assets to which they relate. Bank borrowings and overdrafts are secured by fixed and floating charges over the assets of the company.
12.Finance lease and HP contracts after one year

2023

2022

££
Finance lease and HP contracts366,544463,159
13.Provisions for liabilities
The provision for deferred tax is made up of £237,186 in respect of accelerated capital allowances and £231,186 in respect of losses carried forward.

2023

2022

££
Net deferred tax liability (asset)6,000146,755
Total6,000146,755