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REGISTERED NUMBER: 07838532 (England and Wales)















Financial Statements

for the Year Ended 31 December 2023

for

T & V RHODES LTD.

T & V RHODES LTD. (REGISTERED NUMBER: 07838532)

Contents of the Financial Statements
for the Year Ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


T & V RHODES LTD.

Company Information
for the Year Ended 31 December 2023







DIRECTORS: T A Rhodes
V Rhodes





REGISTERED OFFICE: Jordans
Leeds Road
Collingham
Wetherby
LS22 5AA





REGISTERED NUMBER: 07838532 (England and Wales)





ACCOUNTANTS: Rawse, Varley & Co
Chartered Accountants
Lloyds Bank Chambers
Hustlergate
Bradford
BD1 1UQ

T & V RHODES LTD. (REGISTERED NUMBER: 07838532)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 44,860 49,960
Tangible assets 5 933 1,361
45,793 51,321

CURRENT ASSETS
Stock 2,274 6,006
Debtors 6 40,361 88,499
Cash at bank 68,984 225,932
111,619 320,437
CREDITORS
Amounts falling due within one year 7 68,440 224,768
NET CURRENT ASSETS 43,179 95,669
TOTAL ASSETS LESS CURRENT
LIABILITIES

88,972

146,990

PROVISIONS FOR LIABILITIES 177 258
NET ASSETS 88,795 146,732

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 88,695 146,632
SHAREHOLDERS' FUNDS 88,795 146,732

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

T & V RHODES LTD. (REGISTERED NUMBER: 07838532)

Balance Sheet - continued
31 December 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 Board of Directors and authorised for issue on 4 September 2024 and were signed on its behalf by:




T A Rhodes - Director



V Rhodes - Director


T & V RHODES LTD. (REGISTERED NUMBER: 07838532)

Notes to the Financial Statements
for the Year Ended 31 December 2023


1. STATUTORY INFORMATION

T & V Rhodes Ltd. 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.

Turnover
Turnover comprises the sales value of goods and services supplied, exclusive of value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of businesses in 2011 and 2016, is being amortised evenly over their estimated useful life of twenty years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant, equipment and vehicles - 25% on cost

Stocks
Stock 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 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.

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.

3. EMPLOYEES AND DIRECTORS

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

T & V RHODES LTD. (REGISTERED NUMBER: 07838532)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 102,000
AMORTISATION
At 1 January 2023 52,040
Charge for year 5,100
At 31 December 2023 57,140
NET BOOK VALUE
At 31 December 2023 44,860
At 31 December 2022 49,960

5. TANGIBLE FIXED ASSETS
Plant,
equipment
and
vehicles
£   
COST
At 1 January 2023 8,358
Additions 433
At 31 December 2023 8,791
DEPRECIATION
At 1 January 2023 6,997
Charge for year 861
At 31 December 2023 7,858
NET BOOK VALUE
At 31 December 2023 933
At 31 December 2022 1,361

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 39,996 80,646
Other debtors 365 7,853
40,361 88,499

T & V RHODES LTD. (REGISTERED NUMBER: 07838532)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 41,335 42,335
Taxation and social security 3,505 35,139
Other creditors 23,600 147,294
68,440 224,768