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Company Registration No. 11250177 (England and Wales)
Teign Consulting & Surveying Limited Unaudited accounts for the year ended 31 May 2023
Teign Consulting & Surveying Limited Unaudited accounts Contents
Page
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Teign Consulting & Surveying Limited Company Information for the year ended 31 May 2023
Directors
Mr P Brown Mr A Johns
Company Number
11250177 (England and Wales)
Registered Office
Unit 29 Dart Mills Old Totnes Road Buckfastleigh TQ11 0NF England
Accountants
PBS Accounting Limited Unit 2 Lister Mill Business Park Lister Close, Plympton Plymouth Devon PL7 4BA
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Teign Consulting & Surveying Limited Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
22,212 
12,671 
Current assets
Debtors
55,046 
57,431 
Cash at bank and in hand
140,208 
177,133 
195,254 
234,564 
Creditors: amounts falling due within one year
(78,247)
(79,495)
Net current assets
117,007 
155,069 
Total assets less current liabilities
139,219 
167,740 
Creditors: amounts falling due after more than one year
(20,000)
(30,000)
Provisions for liabilities
Deferred tax
(4,339)
(2,407)
Net assets
114,880 
135,333 
Capital and reserves
Called up share capital
20 
20 
Profit and loss account
114,860 
135,313 
Shareholders' funds
114,880 
135,333 
For the year ending 31 May 2023 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 14 February 2024 and were signed on its behalf by
Mr P Brown Director Company Registration No. 11250177
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Teign Consulting & Surveying Limited Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
Teign Consulting & Surveying Limited is a private company, limited by shares, registered in England and Wales, registration number 11250177. The registered office is Unit 29 Dart Mills, Old Totnes Road, Buckfastleigh, TQ11 0NF, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance
Fixtures & fittings
20% reducing balance
Computer equipment
33.33% straight line
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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Teign Consulting & Surveying Limited Notes to the Accounts for the year ended 31 May 2023
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 June 2022
5,438 
5,760 
13,791 
24,989 
Additions
13,540 
1,015 
4,439 
18,994 
Disposals
- 
(784)
(2,750)
(3,534)
At 31 May 2023
18,978 
5,991 
15,480 
40,449 
Depreciation
At 1 June 2022
2,249 
2,315 
7,754 
12,318 
Charge for the year
3,346 
760 
4,085 
8,191 
On disposals
- 
(370)
(1,902)
(2,272)
At 31 May 2023
5,595 
2,705 
9,937 
18,237 
Net book value
At 31 May 2023
13,383 
3,286 
5,543 
22,212 
At 31 May 2022
3,189 
3,445 
6,037 
12,671 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
41,640 
49,354 
Accrued income and prepayments
8,406 
8,077 
Other debtors
5,000 
- 
55,046 
57,431 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
10,000 
10,000 
VAT
32,534 
14,383 
Trade creditors
792 
2,002 
Taxes and social security
31,708 
51,508 
Other creditors
482 
249 
Accruals
2,731 
1,353 
78,247 
79,495 
Creditors due within one year includes a small business bounce back loan of £10,000 (2022: £10,000)
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Teign Consulting & Surveying Limited Notes to the Accounts for the year ended 31 May 2023
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
20,000 
30,000 
Creditors due after one year includes the balance of a small business bounce back loan of £20,000 (2022: £30,000).
8
Operating lease commitments
2023 
2022 
£ 
£ 
At 31 May 2023 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
25,080 
8,348 
Later than one year and not later than five years
35,555 
9,043 
60,635 
17,391 
9
Average number of employees
During the year the average number of employees was 4 (2022: 4).
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