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REGISTERED NUMBER: 01183516 (England and Wales)














WILLIAM TYLER DEVELOPMENTS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023






WILLIAM TYLER DEVELOPMENTS LIMITED (REGISTERED NUMBER: 01183516)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Certified Accountants' Report 6

WILLIAM TYLER DEVELOPMENTS LIMITED

COMPANY INFORMATION
for the year ended 30 November 2023







DIRECTORS: Mrs D A Tyler
D J Tyler
Mrs R Tyler





SECRETARY: Mrs D A Tyler





REGISTERED OFFICE: Gheluvelt Barn
Hay Lane
Longdon Green
Rugeley
Staffordshire
WS15 4QQ





REGISTERED NUMBER: 01183516 (England and Wales)





ACCOUNTANTS: Equus Miller Limited
Chartered Certified Accountants
Brook House
47 High Street
Henley in Arden
Warwickshire
B95 5AA

WILLIAM TYLER DEVELOPMENTS LIMITED (REGISTERED NUMBER: 01183516)

BALANCE SHEET
30 November 2023

30/11/23 30/11/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 62,228 80,889

CURRENT ASSETS
Stocks 5 941,500 945,106
Debtors 6 13,382 4,048
Cash at bank and in hand 92,106 83,761
1,046,988 1,032,915
CREDITORS
Amounts falling due within one year 7 513,242 501,479
NET CURRENT ASSETS 533,746 531,436
TOTAL ASSETS LESS CURRENT
LIABILITIES

595,974

612,325

CREDITORS
Amounts falling due after more than one
year

8

(15,000

)

(25,000

)

PROVISIONS FOR LIABILITIES (15,583 ) (15,370 )
NET ASSETS 565,391 571,955

CAPITAL AND RESERVES
Called up share capital 10 2,500 2,500
Retained earnings 562,891 569,455
SHAREHOLDERS' FUNDS 565,391 571,955

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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 August 2024 and were signed on its behalf by:




D J Tyler - Director


WILLIAM TYLER DEVELOPMENTS LIMITED (REGISTERED NUMBER: 01183516)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 November 2023

1. STATUTORY INFORMATION

William Tyler Developments Limited is a private company, limited by shares , registered in England and Wales. 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents net invoiced sales of goods and services, excluding 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.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks and work in progress
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 Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 3 ) .

WILLIAM TYLER DEVELOPMENTS LIMITED (REGISTERED NUMBER: 01183516)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 November 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 December 2022 51,205 4,891 104,883 4,245 165,224
Disposals (1,225 ) - (249 ) - (1,474 )
At 30 November 2023 49,980 4,891 104,634 4,245 163,750
DEPRECIATION
At 1 December 2022 30,143 4,025 46,310 3,857 84,335
Charge for year 3,382 130 14,634 388 18,534
Eliminated on disposal (1,131 ) - (216 ) - (1,347 )
At 30 November 2023 32,394 4,155 60,728 4,245 101,522
NET BOOK VALUE
At 30 November 2023 17,586 736 43,906 - 62,228
At 30 November 2022 21,062 866 58,573 388 80,889

5. STOCKS
30/11/23 30/11/22
£    £   
Stocks 941,500 945,106

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/23 30/11/22
£    £   
Trade debtors 3,895 1,399
Other debtors 1,885 740
VAT 3,916 -
Prepayments and accrued income 3,686 1,909
13,382 4,048

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/23 30/11/22
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 5,115 11,186
Corporation tax payable 33,201 8,394
Social security & other taxes 263 142
VAT - 12,580
Other creditors 5,282 1,450
Directors' loan accounts 446,215 444,561
Accrued expenses 13,166 13,166
513,242 501,479

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30/11/23 30/11/22
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 5,000 15,000
15,000 25,000

WILLIAM TYLER DEVELOPMENTS LIMITED (REGISTERED NUMBER: 01183516)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 November 2023

9. SECURED DEBTS

The following secured debts are included within creditors:

30/11/23 30/11/22
£    £   
Bank loans 25,000 35,000

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30/11/23 30/11/22
value: £    £   
2,500 Ordinary £1 2,500 2,500

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
WILLIAM TYLER DEVELOPMENTS 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.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of William Tyler Developments Limited for the year ended 30 November 2023 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of William Tyler Developments Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of William Tyler Developments Limited and state those matters that we have agreed to state to the Board of Directors of William Tyler Developments Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. 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 William Tyler Developments Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of William Tyler Developments Limited. You consider that William Tyler Developments Limited 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 William Tyler Developments Limited. 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.






Equus Miller Limited
Chartered Certified Accountants
Brook House
47 High Street
Henley in Arden
Warwickshire
B95 5AA


29 August 2024