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REGISTERED NUMBER: SC177770 (Scotland)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

Tierney Strachan Consulting Limited

Tierney Strachan Consulting Limited (Registered number: SC177770)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

Tierney Strachan Consulting Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: J A Strachan
Mrs M T Strachan





REGISTERED OFFICE: 12 Greenbank Place
East Tullos Industrial Estate
ABERDEEN
AB12 3BT





REGISTERED NUMBER: SC177770 (Scotland)





ACCOUNTANTS: Atholl Scott
Victoria House
13 Victoria Street
ABERDEEN
AB10 1XB

Tierney Strachan Consulting Limited (Registered number: SC177770)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 658,397 710,062

CURRENT ASSETS
Stocks 221,380 151,807
Debtors 5 1,712,816 1,004,008
Cash at bank and in hand 984,129 1,138,958
2,918,325 2,294,773
CREDITORS
Amounts falling due within one
year

6

(740,720

)

(421,431

)
NET CURRENT ASSETS 2,177,605 1,873,342
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,836,002

2,583,404

PROVISIONS FOR LIABILITIES 8 (26,379 ) (28,996 )
NET ASSETS 2,809,623 2,554,408

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,809,523 2,554,308
SHAREHOLDERS' FUNDS 2,809,623 2,554,408

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

Tierney Strachan Consulting Limited (Registered number: SC177770)

Balance Sheet - continued
30 November 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 23 August 2024 and were signed on its behalf by:




J A Strachan - Director



Mrs M T Strachan - Director


Tierney Strachan Consulting Limited (Registered number: SC177770)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Tierney Strachan Consulting Limited is a private company, limited by shares , registered in Scotland. 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 represents amounts receivable for goods and services rendered during the year, exclusive of value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 4% on cost
Equipment - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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.

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 14 (2022 - 13 ) .

Tierney Strachan Consulting Limited (Registered number: SC177770)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property Equipment fittings
£    £    £   
COST
At 1 December 2022 1,042,755 70,335 38,565
Additions 6,759 1,646 -
At 30 November 2023 1,049,514 71,981 38,565
DEPRECIATION
At 1 December 2022 416,590 44,536 30,247
Charge for year 41,981 4,123 1,251
At 30 November 2023 458,571 48,659 31,498
NET BOOK VALUE
At 30 November 2023 590,943 23,322 7,067
At 30 November 2022 626,165 25,799 8,318

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 December 2022 63,266 86,699 1,301,620
Additions - 4,649 13,054
At 30 November 2023 63,266 91,348 1,314,674
DEPRECIATION
At 1 December 2022 24,929 75,256 591,558
Charge for year 9,584 7,780 64,719
At 30 November 2023 34,513 83,036 656,277
NET BOOK VALUE
At 30 November 2023 28,753 8,312 658,397
At 30 November 2022 38,337 11,443 710,062

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 1,613,363 975,516
VAT 72,189 -
Prepayments 27,264 28,492
1,712,816 1,004,008

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade creditors 557,156 331,558
Tax 129,275 30,077
PAYE 14,965 14,203
VAT - 22,725
Accrued expenses 39,324 22,868
740,720 421,431

Tierney Strachan Consulting Limited (Registered number: SC177770)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.11.23 30.11.22
£    £   
Within one year 1,818 1,818

8. PROVISIONS FOR LIABILITIES
30.11.23 30.11.22
£    £   
Deferred tax 26,379 28,996

Deferred
tax
£   
Balance at 1 December 2022 28,996
Provided during year (2,617 )
Prior year adjustment
Balance at 30 November 2023 26,379

9. ULTIMATE CONTROLLING PARTY

The company is controlled by its directors.

Tierney Strachan Consulting Limited

Report of the Accountants to the Directors of
Tierney Strachan Consulting Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 November 2023 set out on pages three to nine and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

This report is made solely to the Board of Directors of the company, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the financial statements of the company and state those matters that we have agreed to state to the Board of Directors of the company, as a body, in this report in accordance with the requirements of the Institute of Financial Accountants. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that the company has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities and financial position of the company. You consider that the company is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of the company. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Atholl Scott
Victoria House
13 Victoria Street
ABERDEEN
AB10 1XB


23 August 2024