Company Registration No. 14512089 (England and Wales)
Tailor-Made Hearingcare Ltd
Unaudited accounts
for the period from 29 November 2022 to 30 November 2023
Tailor-Made Hearingcare Ltd
Unaudited accounts
Contents
Tailor-Made Hearingcare Ltd
Company Information
for the period from 29 November 2022 to 30 November 2023
Directors
Mr PP Marshall
Mrs SD Marshall
Company Number
14512089 (England and Wales)
Registered Office
5 The Parkway
Willerby
Hull
HU10 6AP
England
Accountants
Kendall Accountancy Services Limited
2 Exeter Street
New Village Road
Cottingham
East Yorkshire
HU16 4LU
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Tailor-Made Hearingcare Ltd for the period from 29 November 2022 to 30 November 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Tailor-Made Hearingcare Ltd for the period from
29 November 2022 to
30 November 2023 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
Our work has been undertaken in accordance with AAF 7/16 as detailed at icaew.com/compilation.
Kendall Accountancy Services Limited
Chartered Accountants
2 Exeter Street
New Village Road
Cottingham
East Yorkshire
HU16 4LU
27 August 2024
Tailor-Made Hearingcare Ltd
Statement of financial position
as at 30 November 2023
Cash at bank and in hand
2,018
Creditors: amounts falling due within one year
(4,969)
Net current liabilities
(2,951)
Total assets less current liabilities
11,484
Provisions for liabilities
Called up share capital
100
Profit and loss account
8,641
For the period ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 27 August 2024 and were signed on its behalf by
Mr PP Marshall
Director
Company Registration No. 14512089
Tailor-Made Hearingcare Ltd
Notes to the Accounts
for the period from 29 November 2022 to 30 November 2023
Tailor-Made Hearingcare Ltd is a private company, limited by shares, registered in England and Wales, registration number 14512089. The registered office is 5 The Parkway, Willerby, Hull, HU10 6AP, England .
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
10% on Cost
Computer equipment
33% on Cost
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Expenditure on research and development is written off in the year in which it is incurred.
Tailor-Made Hearingcare Ltd
Notes to the Accounts
for the period from 29 November 2022 to 30 November 2023
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
Additions
14,728
828
15,556
At 30 November 2023
14,728
828
15,556
Charge for the period
1,053
68
1,121
At 30 November 2023
1,053
68
1,121
At 30 November 2023
13,675
760
14,435
5
Creditors: amounts falling due within one year
2023
Taxes and social security
4,573
6
Average number of employees
During the period the average number of employees was 2.