Registered number
08993574
Tommy Refurb Ltd
Unaudited Filleted Accounts
30 November 2023
Tommy Refurb Ltd
Registered number: 08993574
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 (177) 310
Current assets
Debtors 4 - 32,585
Cash at bank and in hand 28,798 5
28,798 32,590
Creditors: amounts falling due within one year 5 53 1
Net current assets 28,851 32,591
Total assets less current liabilities 28,674 32,901
Creditors: amounts falling due after more than one year 6 (30,616) (34,040)
Net liabilities (1,942) (1,139)
Capital and reserves
Called up share capital 1 1
Profit and loss account (1,943) (1,140)
Shareholders' funds (1,942) (1,139)
The directors are 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 directors acknowledge their 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.
Tomasz Franieczek
Director
Approved by the board on 22 August 2024
Tommy Refurb Ltd
Notes to the Accounts
for the year ended 30 November 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.
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 4 years
Fixtures, fittings, tools and equipment over 4 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 December 2022 8,639
At 30 November 2023 8,639
Depreciation
At 1 December 2022 8,329
Charge for the year 487
At 30 November 2023 8,816
Net book value
At 30 November 2023 (177)
At 30 November 2022 310
4 Debtors 2023 2022
£ £
Other debtors - 32,585
5 Creditors: amounts falling due within one year 2023 2022
£ £
Other creditors (53) (1)
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 30,616 34,040
7 Other information
Tommy Refurb Ltd is a private company limited by shares and incorporated in England. Its registered office is:
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