Registered number
08341631
Trudie Thomas Accountancy Services Ltd
Filleted Accounts
31 December 2023
Trudie Thomas Accountancy Services Ltd
Registered number: 08341631
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 18,523 23,152
Current assets
Debtors 4 259,298 219,089
Cash at bank and in hand 33,812 48,890
293,110 267,979
Creditors: amounts falling due within one year 5 (143,957) (139,745)
Net current assets 149,153 128,234
Net assets 167,676 151,386
Capital and reserves
Called up share capital 10 10
Profit and loss account 167,666 151,376
Shareholders' funds 167,676 151,386
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Trudie Thomas
Director
Approved by the board on 28 August 2024
Trudie Thomas Accountancy Services Ltd
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 5 3
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 January 2023 1,695 41,876 43,571
At 31 December 2023 1,695 41,876 43,571
Depreciation
At 1 January 2023 1,457 18,962 20,419
Charge for the year 47 4,582 4,629
At 31 December 2023 1,504 23,544 25,048
Net book value
At 31 December 2023 191 18,332 18,523
At 31 December 2022 238 22,914 23,152
4 Debtors 2023 2022
£ £
Trade debtors 23,040 23,432
Other debtors 236,258 195,657
259,298 219,089
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 12,989 17,819
Obligations under finance lease and hire purchase contracts 7,677 7,677
Taxation and social security costs 15,798 17,616
Other creditors 107,493 96,633
143,957 139,745
6 Other information
Trudie Thomas Accountancy Services Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Ritoweg Farm
Headcorn Road
Smarden, Ashford
Kent
TN27 8PN
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