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Registered number: 08345301
Rodney Tolley Walks Limited
Financial Statements
For The Year Ended 31 January 2024
DJ Coulter & Associates Limited
Chartered Certified Accountants
Wellesley House
7 Clarence Parade
Cheltenham
GL50 3NY
Contents
Page
Accountants' Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Accountants' Report
Report to the directors on the preparation of the unaudited statutory accounts of Rodney Tolley Walks Limited for the year ended 31 January 2024
To assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Rodney Tolley Walks Limited which comprise the Profit and Loss Account, the 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/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the directors of Rodney Tolley Walks Limited , as a body, in accordance with the terms of our engagement letter dated 13 July 2016. Our work has been undertaken solely to prepare for your approval the accounts of Rodney Tolley Walks Limited and state those matters that we have agreed to state to the directors of Rodney Tolley Walks Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Rodney Tolley Walks Limited and its directors as a body for our work or for this report.
It is your duty to ensure that Rodney Tolley Walks Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Rodney Tolley Walks Limited . You consider that Rodney Tolley Walks 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 accounts of Rodney Tolley Walks 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 financial statements.
Signed
13th September 2024
DJ Coulter & Associates Limited
Chartered Certified Accountants
Wellesley House
7 Clarence Parade
Cheltenham
GL50 3NY
Page 1
Page 2
Balance Sheet
Registered number: 08345301
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 771 1,083
771 1,083
CURRENT ASSETS
Debtors 5 209 210
Cash at bank and in hand 6,093 7,301
6,302 7,511
Creditors: Amounts Falling Due Within One Year 6 (4,342 ) (8,072 )
NET CURRENT ASSETS (LIABILITIES) 1,960 (561 )
TOTAL ASSETS LESS CURRENT LIABILITIES 2,731 522
NET ASSETS 2,731 522
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 2,631 422
SHAREHOLDERS' FUNDS 2,731 522
Page 2
Page 3
For the year ending 31 January 2024 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Rodney Tolley
Director
13th September 2024
The notes on pages 4 to 6 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Rodney Tolley Walks Limited Registered number 08345301 is a limited by shares company incorporated in England & Wales. The Registered Office is 20 Tyne Street, Bristol, BS2 9UA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer rebates and other similar allowances.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% reducing balance
2.4. Leasing and Hire Purchase Contracts
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Current tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current tax is also recognised in other comprehensive income or directly in equity respectively.
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Page 5
2.7. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 February 2023 3,770
Disposals (959 )
As at 31 January 2024 2,811
Depreciation
As at 1 February 2023 2,687
Provided during the period 258
Disposals (905 )
As at 31 January 2024 2,040
Net Book Value
As at 31 January 2024 771
As at 1 February 2023 1,083
5. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 209 210
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 2,054 1,789
Accruals and deferred income 1,263 1,215
Directors' loan accounts 1,025 5,068
4,342 8,072
Page 5
Page 6
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
8. Directors Advances, Credits and Guarantees
Dividends paid to directors
2024 2023
£ £
Mr Rodney Tolley 1,000 2,000
Miss Kathleen McGoldrick 111 222
9. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid 1,111 2,222
10. Controlling Party
The company's controlling party is Rodney Tolley by virtue of his ownership of 90% of the issued share capital in the company.
Page 6