TERRY & STEPHENS LIMITED

Company Registration Number:
06722204 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2024

Period of accounts

Start date: 01 April 2023

End date: 31 March 2024

TERRY & STEPHENS LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2024

Balance sheet
Notes

TERRY & STEPHENS LIMITED

Balance sheet

As at 31 March 2024


Notes

2024

2023


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 1,072,165 992,421
Investments:   0 0
Total fixed assets: 1,072,165 992,421
Current assets
Stocks: 0 0
Debtors:   121,810 120,023
Cash at bank and in hand: 641,416 623,309
Investments:   0 0
Total current assets: 763,226 743,332
Creditors: amounts falling due within one year: 4 (74,112) (104,559)
Net current assets (liabilities): 689,114 638,773
Total assets less current liabilities: 1,761,279 1,631,194
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Total net assets (liabilities): 1,761,279 1,631,194
Capital and reserves
Called up share capital: 100 100
Share premium account: 0 0
Revaluation reserve: 00
Other reserves: 0 0
Profit and loss account: 1,761,179 1,631,094
Shareholders funds: 1,761,279 1,631,194

The notes form part of these financial statements

TERRY & STEPHENS LIMITED

Balance sheet statements

For the year ending 31 March 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 11 April 2024
and signed on behalf of the board by:

Name: Mr Stephen Francis Disney
Status: Director

The notes form part of these financial statements

TERRY & STEPHENS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Tangible fixed assets and depreciation policy

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment.Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:Motor vehicles 25% Straight lineFixtures and fittings 20% Straight lineNo depreciation is provided on the company''s freehold properties since in the opinion of the directors the expected useful lives are sufficiently long and the estimated residual values are sufficiently high that any such depreciation would be immaterial. The directors undertake an annual impairment review of these properties.

TERRY & STEPHENS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

2. Employees

2024 2023
Average number of employees during the period 1 1

TERRY & STEPHENS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Tangible Assets

Total
Cost £
At 01 April 2023 1,096,606
Additions 120,052
Disposals (78,294)
Revaluations 0
Transfers 0
At 31 March 2024 1,138,364
Depreciation
At 01 April 2023 104,185
Charge for year 40,306
On disposals (78,292)
Other adjustments 0
At 31 March 2024 66,199
Net book value
At 31 March 2024 1,072,165
At 31 March 2023 992,421

TERRY & STEPHENS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Creditors: amounts falling due within one year note

2023Trade creditors: £3,145Taxation and social security: £66,964Other creditors: £4,0032022Trade creditors: £1,951Taxation and social security: £99,633Other creditors: £2,975