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REGISTERED NUMBER: 04100020 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

TYNAN ELECTRICAL LIMITED

TYNAN ELECTRICAL LIMITED (REGISTERED NUMBER: 04100020)






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


TYNAN ELECTRICAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTOR: P Hutchinson



SECRETARY: Mrs D Tynan



REGISTERED OFFICE: 1 Woods Street
Wigan
Lancashire
WN3 4ET



REGISTERED NUMBER: 04100020 (England and Wales)



ACCOUNTANTS: P B Syddall & Co
Chartered Accountants
Grafton House
81 Chorley Old Road
Bolton
Lancashire
BL1 3AJ



BANKERS: National Westminster Bank plc
4 Standishgate
Wigan
Lancashire
WN1 1UJ

TYNAN ELECTRICAL LIMITED (REGISTERED NUMBER: 04100020)

BALANCE SHEET
30 NOVEMBER 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 513,741 485,621
513,741 485,621

CURRENT ASSETS
Debtors 7 802,557 585,963
Prepayments and accrued income 9,657 7,843
Cash at bank and in hand 1,178 73,770
813,392 667,576
CREDITORS
Amounts falling due within one year 8 595,657 378,669
NET CURRENT ASSETS 217,735 288,907
TOTAL ASSETS LESS CURRENT
LIABILITIES

731,476

774,528

CREDITORS
Amounts falling due after more than one
year

9

49,243

42,113
NET ASSETS 682,233 732,415

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 682,133 732,315
SHAREHOLDERS' FUNDS 682,233 732,415

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 director acknowledges his 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.

TYNAN ELECTRICAL LIMITED (REGISTERED NUMBER: 04100020)

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 director and authorised for issue on 30 August 2024 and were signed by:





P Hutchinson - Director


TYNAN ELECTRICAL LIMITED (REGISTERED NUMBER: 04100020)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

Tynan Electrical 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

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.

TYNAN ELECTRICAL LIMITED (REGISTERED NUMBER: 04100020)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

3. ACCOUNTING POLICIES - continued

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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2022 - 14 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2022
and 30 November 2023 30,000
AMORTISATION
At 1 December 2022
and 30 November 2023 30,000
NET BOOK VALUE
At 30 November 2023 -
At 30 November 2022 -

6. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor
property fittings vehicles Totals
£    £    £    £   
COST
At 1 December 2022 416,854 19,974 209,125 645,953
Additions - 1,832 55,299 57,131
Disposals - - (19,298 ) (19,298 )
At 30 November 2023 416,854 21,806 245,126 683,786
DEPRECIATION
At 1 December 2022 - 16,731 143,601 160,332
Charge for year - 529 24,382 24,911
Eliminated on disposal - - (15,198 ) (15,198 )
At 30 November 2023 - 17,260 152,785 170,045
NET BOOK VALUE
At 30 November 2023 416,854 4,546 92,341 513,741
At 30 November 2022 416,854 3,243 65,524 485,621

TYNAN ELECTRICAL LIMITED (REGISTERED NUMBER: 04100020)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 702,432 487,900
Other debtors 100,125 98,063
802,557 585,963

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Other loans 120,000 10,000
Hire purchase contracts 28,920 10,500
Trade creditors 276,047 107,637
Tax 84,260 61,787
Social security and other taxes 6,950 17,308
VAT 66,613 156,222
Directors current account 480 1,152
Accruals and deferred income 12,387 14,063
595,657 378,669

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Other loans - 1-2 years 16,363 26,363
Hire purchase contracts 32,880 15,750
49,243 42,113

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £128,000 (2022 - £134,000) were paid to the directors .

In May 2023 the director P Hutchinson was advanced a loan of £99,000 at a rate of 2.25% which is repayable within four years.