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Registration number: 07489813

Tillingham Hall Contracts Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

Tillingham Hall Contracts Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Tillingham Hall Contracts Ltd

Company Information

Directors

A H Bird

R J A Bird

Registered office

Tillingham Hall Dunnings Lane
West Horndon
Brentwood
Essex
CM13 3HE

Solicitors

Thompson Smith and Puxon
Stable 6
Stable Road
Colchester
Essex
CO2 7GL

Bankers

Barclays Bank Plc
75 High Street
Brentwood
Essex
CM14 4RP

Accountants

Lambert Chapman LLP
Chartered accountants
3 Warners Mill
Silks Way
Braintree
Essex
CM7 3GB

 

Tillingham Hall Contracts Ltd

(Registration number: 07489813)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

1,091,376

896,242

Current assets

 

Debtors

5

308,093

437,765

Cash at bank and in hand

 

479,329

393,746

 

787,422

831,511

Creditors: Amounts falling due within one year

6

(282,147)

(156,547)

Net current assets

 

505,275

674,964

Total assets less current liabilities

 

1,596,651

1,571,206

Creditors: Amounts falling due after more than one year

6

(100,000)

(100,000)

Provisions for liabilities

(272,844)

(170,286)

Net assets

 

1,223,807

1,300,920

Capital and reserves

 

Called up share capital

100

100

Retained earnings

1,223,707

1,300,820

Shareholders' funds

 

1,223,807

1,300,920

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 17 July 2024 and signed on its behalf by:
 


A H Bird
Director


R J A Bird
Director

 
     
 

Tillingham Hall Contracts Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is: Tillingham Hall Dunnings Lane, West Horndon, Brentwood, Essex, CM13 3HE.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention.

These financial statements are presented in Sterling (£), which is the company's functional currency.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for contracting work. Turnover is shown net of value added tax.

Tax

Current Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation.

 

Tillingham Hall Contracts Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Depreciation

Depreciation is charged so as to write off the cost or valuation of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

10% and 20% Reducing Balance

Tractors and harvesters

20% Reducing Balance

Motor Vehicles

20% Reducing Balance

Office Equipment

20% Straight Line

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

Tillingham Hall Contracts Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

4

Tangible assets

Office equipment
 £

Motor vehicles
 £

Tractors and harvesters
 £

Plant and machinery
£

Total
£

Cost or valuation

At 1 April 2023

1,175

20,367

1,182,512

516,527

1,720,581

Additions

-

56,844

-

318,841

375,685

Disposals

-

-

-

(3,400)

(3,400)

At 31 March 2024

1,175

77,211

1,182,512

831,968

2,092,866

Depreciation

At 1 April 2023

287

9,149

565,319

249,584

824,339

Charge for the year

235

12,279

123,439

42,347

178,300

Eliminated on disposal

-

-

-

(1,149)

(1,149)

At 31 March 2024

522

21,428

688,758

290,782

1,001,490

Carrying amount

At 31 March 2024

653

55,783

493,754

541,186

1,091,376

At 31 March 2023

888

11,218

617,193

266,943

896,242

 

Tillingham Hall Contracts Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

5

Debtors

2024
£

2023
£

Trade debtors

36,121

-

Prepayments and accrued income

220,426

429,549

Other debtors

51,546

8,216

308,093

437,765

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

142,204

274

Taxation and social security

1,295

547

Directors loan

133,163

81,173

Corporation tax

-

72,553

Accruals and deferred income

5,485

2,000

282,147

156,547

Creditors: amounts falling due after more than one year

2024
£

2023
£

Due after one year

Loans and borrowings

100,000

100,000