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REGISTERED NUMBER: 01650072 (England and Wales)
















Unaudited Financial Statements for the Year Ended 31 December 2023

for

John Tinney & Co Limited

John Tinney & Co Limited (Registered number: 01650072)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


John Tinney & Co Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mr J F Tinney
Mr D L Tinney
Mrs S C Tinney





SECRETARY: Mr D L Tinney





REGISTERED OFFICE: Matching Hall
Matching
Harlow
Essex
CM17 0QZ





REGISTERED NUMBER: 01650072 (England and Wales)





ACCOUNTANTS: Hardcastle Burton LLP
Lake House
Market Hill
Royston
Hertfordshire
SG8 9JN

John Tinney & Co Limited (Registered number: 01650072)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,218,802 7,740,320
Investments 5 312,331 281,635
8,531,133 8,021,955

CURRENT ASSETS
Stocks 347,900 569,928
Debtors 6 2,409,241 2,797,974
Cash at bank 8,582 8,525
2,765,723 3,376,427
CREDITORS
Amounts falling due within one year 7 1,162,395 1,134,800
NET CURRENT ASSETS 1,603,328 2,241,627
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,134,461

10,263,582

CREDITORS
Amounts falling due after more than one
year

8

(1,515,763

)

(1,694,946

)

PROVISIONS FOR LIABILITIES 9 (1,435,686 ) (1,082,222 )
NET ASSETS 7,183,012 7,486,414

CAPITAL AND RESERVES
Called up share 10 15,750 15,750
Share premium 1,599,546 1,599,546
Other reserves 4,455,000 4,455,000
Retained earnings 1,112,716 1,416,118
SHAREHOLDERS' FUNDS 7,183,012 7,486,414

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

John Tinney & Co Limited (Registered number: 01650072)

Balance Sheet - continued
31 December 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 Board of Directors and authorised for issue on 10 June 2024 and were signed on its behalf by:




Mr D L Tinney - Director Mr J F Tinney - Director




Mrs S C Tinney - Director


John Tinney & Co Limited (Registered number: 01650072)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

John Tinney & 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.

Turnover
Turnover 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.

Stocks
Stocks 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 7 ) .

John Tinney & Co Limited (Registered number: 01650072)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Improvements
Freehold Long to
property leasehold property
£    £    £   
COST
At 1 January 2023 964,249 5,500,000 1,918,726
Additions - - 467,311
Disposals - - -
At 31 December 2023 964,249 5,500,000 2,386,037
DEPRECIATION
At 1 January 2023 - - 838,560
Charge for year - - 35,668
Eliminated on disposal - - -
At 31 December 2023 - - 874,228
NET BOOK VALUE
At 31 December 2023 964,249 5,500,000 1,511,809
At 31 December 2022 964,249 5,500,000 1,080,166

Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 January 2023 490,186 44,348 9,999 8,927,508
Additions 95,489 798 - 563,598
Disposals (38,750 ) - - (38,750 )
At 31 December 2023 546,925 45,146 9,999 9,452,356
DEPRECIATION
At 1 January 2023 304,387 34,459 9,782 1,187,188
Charge for year 45,197 1,992 54 82,911
Eliminated on disposal (36,545 ) - - (36,545 )
At 31 December 2023 313,039 36,451 9,836 1,233,554
NET BOOK VALUE
At 31 December 2023 233,886 8,695 163 8,218,802
At 31 December 2022 185,799 9,889 217 7,740,320

John Tinney & Co Limited (Registered number: 01650072)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. FIXED ASSET INVESTMENTS
Interest
in other
Investment participating
in LLP interests Totals
£    £    £   
COST
At 1 January 2023 281,515 120 281,635
Additions 30,696 - 30,696
At 31 December 2023 312,211 120 312,331
NET BOOK VALUE
At 31 December 2023 312,211 120 312,331
At 31 December 2022 281,515 120 281,635

6. DEBTORS
31.12.23 31.12.22
£    £   
Amounts falling due within one year:
Trade debtors 299,285 119,438
Other debtors 352,865 377,733
Prepayments and accrued income 56,679 370,551
708,829 867,722

Amounts falling due after more than one year:
Other debtors 1,700,412 1,930,252

Aggregate amounts 2,409,241 2,797,974

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 597,144 543,713
Hire purchase contracts 27,299 34,227
Trade creditors 192,072 164,556
Tax 12,463 69,273
Other creditors 5,684 3,193
Directors' current accounts 30,000 30,000
Accrued expenses 297,733 289,838
1,162,395 1,134,800

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans - 2-5 years 887,870 906,415
Directors' loan accounts 627,893 788,531
1,515,763 1,694,946

John Tinney & Co Limited (Registered number: 01650072)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

9. PROVISIONS FOR LIABILITIES
31.12.23 31.12.22
£    £   
Deferred tax 1,435,686 1,082,222

Deferred
tax
£   
Balance at 1 January 2023 1,082,222
Charge to Income Statement during year 353,464
Balance at 31 December 2023 1,435,686

10. CALLED UP SHARE

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
13,750 Ordinary 1 13,750 13,750
1,000 Ordinary A 1 1,000 1,000
1,000 Ordinary B 1 1,000 1,000
15,750 15,750