IRIS Accounts Production v24.1.0.578 05936580 director 1.11.22 31.10.23 31.10.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure059365802022-10-31059365802023-10-31059365802022-11-012023-10-31059365802021-10-31059365802021-11-012022-10-31059365802022-10-3105936580ns16:EnglandWales2022-11-012023-10-3105936580ns15:PoundSterling2022-11-012023-10-3105936580ns11:Director12022-11-012023-10-3105936580ns11:PrivateLimitedCompanyLtd2022-11-012023-10-3105936580ns11:SmallEntities2022-11-012023-10-3105936580ns11:AuditExempt-NoAccountantsReport2022-11-012023-10-3105936580ns11:SmallCompaniesRegimeForDirectorsReport2022-11-012023-10-3105936580ns11:SmallCompaniesRegimeForAccounts2022-11-012023-10-3105936580ns11:FullAccounts2022-11-012023-10-3105936580ns11:OrdinaryShareClass12022-11-012023-10-3105936580ns11:CompanySecretary12022-11-012023-10-3105936580ns11:RegisteredOffice2022-11-012023-10-3105936580ns6:CurrentFinancialInstruments2023-10-3105936580ns6:CurrentFinancialInstruments2022-10-3105936580ns6:Non-currentFinancialInstruments2023-10-3105936580ns6:Non-currentFinancialInstruments2022-10-3105936580ns6:ShareCapital2023-10-3105936580ns6:ShareCapital2022-10-3105936580ns6:RetainedEarningsAccumulatedLosses2023-10-3105936580ns6:RetainedEarningsAccumulatedLosses2022-10-3105936580ns6:PlantMachinery2022-11-012023-10-3105936580ns6:PlantMachinery2022-10-3105936580ns6:PlantMachinery2023-10-3105936580ns6:PlantMachinery2022-10-3105936580ns6:PlantMachineryns6:LeasedAssetsHeldAsLessee2022-10-3105936580ns6:PlantMachineryns6:LeasedAssetsHeldAsLessee2022-11-012023-10-3105936580ns6:PlantMachineryns6:LeasedAssetsHeldAsLessee2023-10-3105936580ns6:PlantMachineryns6:LeasedAssetsHeldAsLessee2022-10-3105936580ns6:WithinOneYearns6:CurrentFinancialInstruments2023-10-3105936580ns6:WithinOneYearns6:CurrentFinancialInstruments2022-10-3105936580ns6:CurrentFinancialInstruments2022-11-012023-10-3105936580ns11:OrdinaryShareClass12023-10-31
REGISTERED NUMBER: 05936580 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

TOWN & COUNTIES CONSTRUCTION LIMITED

TOWN & COUNTIES CONSTRUCTION LIMITED (REGISTERED NUMBER: 05936580)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TOWN & COUNTIES CONSTRUCTION LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTOR: AJ Hodgson





SECRETARY: Mrs F Hodgson





REGISTERED OFFICE: 13-14 Gelliwastad Road
Pontypridd
RCT
CF37 2BW





REGISTERED NUMBER: 05936580 (England and Wales)





ACCOUNTANTS: Sullivans Chartered Accountants
13-14 Gelliwastad Road
Pontypridd
Rhondda Cynon Taf
CF37 2BW

TOWN & COUNTIES CONSTRUCTION LIMITED (REGISTERED NUMBER: 05936580)

BALANCE SHEET
31 OCTOBER 2023

31/10/23 31/10/22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 33,204 44,521

CURRENT ASSETS
Inventories 21,468 11,750
Debtors 5 254,487 145,775
Cash at bank 8,048 227,458
284,003 384,983
CREDITORS
Amounts falling due within one year 6 231,816 341,179
NET CURRENT ASSETS 52,187 43,804
TOTAL ASSETS LESS CURRENT
LIABILITIES

85,391

88,325

CREDITORS
Amounts falling due after more than one
year

7

(31,510

)

(52,959

)

PROVISIONS FOR LIABILITIES (6,309 ) (8,468 )
NET ASSETS 47,572 26,898

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 47,570 26,896
SHAREHOLDERS' FUNDS 47,572 26,898

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

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

The director acknowledges his 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.

TOWN & COUNTIES CONSTRUCTION LIMITED (REGISTERED NUMBER: 05936580)

BALANCE SHEET - continued
31 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 June 2024 and were signed by:





AJ Hodgson - Director


TOWN & COUNTIES CONSTRUCTION LIMITED (REGISTERED NUMBER: 05936580)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1. STATUTORY INFORMATION

Town & Counties Construction 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.

Going Concern

At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus, the director continues to adopt the going concern basis of accounting in preparing the financial statements.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 50% on cost and 33% on cost

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates 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.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

TOWN & COUNTIES CONSTRUCTION LIMITED (REGISTERED NUMBER: 05936580)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 4 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 November 2022 86,958
Additions 1,008
Disposals (225 )
At 31 October 2023 87,741
DEPRECIATION
At 1 November 2022 42,437
Charge for year 12,325
Eliminated on disposal (225 )
At 31 October 2023 54,537
NET BOOK VALUE
At 31 October 2023 33,204
At 31 October 2022 44,521

TOWN & COUNTIES CONSTRUCTION LIMITED (REGISTERED NUMBER: 05936580)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

4. PROPERTY, PLANT AND EQUIPMENT - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 November 2022
and 31 October 2023 55,152
DEPRECIATION
At 1 November 2022 16,865
Charge for year 9,572
At 31 October 2023 26,437
NET BOOK VALUE
At 31 October 2023 28,715
At 31 October 2022 38,287

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/23 31/10/22
£    £   
Amounts recoverable on contract 220,134 135,107
Other debtors 34,353 10,668
254,487 145,775

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/23 31/10/22
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 11,204 9,652
Trade creditors 3,099 60,008
Taxation and social security 9,396 124,464
Other creditors 198,117 137,055
231,816 341,179

Included within 'Other creditors' is amounts payable on demand by the company to the director totalling £190,032, (2022: £128,343). This amount is repayable on demand and no interest has been accrued.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/10/23 31/10/22
£    £   
Bank loans 18,334 28,333
Hire purchase contracts 13,176 24,626
31,510 52,959

TOWN & COUNTIES CONSTRUCTION LIMITED (REGISTERED NUMBER: 05936580)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/10/23 31/10/22
value: £    £   
2 Ordinary £1 2 2