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Company registration number: 04518454
T & J SUPPLIES LIMITED
31 July 2024
HEYWOODS
Chartered Accountants
Countrywide House
Knights Way
Shrewsbury
Shropshire
SY1 3AB
T & J SUPPLIES LIMITED
Contents
Directors and other information
Accountants report
Statement of financial position
Statement of changes in equity
Notes to the financial statements
T & J SUPPLIES LIMITED
DIRECTORS AND OTHER INFORMATION
Directors Mr A S Evans
Mrs J J Evans
Company number 04518454
Registered office Countrywide House
Knights Way
Shrewsbury
Shropshire
SY1 3AB
Business address Ryecroft House
Loppington
Shrewsbury
Shropshire
SY4 5ST
Accountants Heywoods
Countrywide House
Knights Way
Shrewsbury
Shropshire
SY1 3AB
T & J SUPPLIES LIMITED
CHARTERED ACCOUNTANTS REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE
UNAUDITED STATUTORY FINANCIAL STATEMENTS OF T & J SUPPLIES LIMITED
YEAR ENDED 31 JULY 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of T & J Supplies Limited for the year ended 31 July 2024 which comprise the statement of financial position, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.
This report is made solely to the board of directors of T & J Supplies Limited, as a body, in accordance with the terms of our engagement letter dated 11 October 2022. Our work has been undertaken solely to prepare for your approval the financial statements of T & J Supplies Limited and state those matters that we have agreed to state to the board of directors of T & J Supplies Limited as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than T & J Supplies Limited and its board of directors as a body for our work or for this report.
It is your duty to ensure that T & J Supplies 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 T & J Supplies Limited. You consider that T & J Supplies 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 T & J Supplies 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.
Heywoods
Chartered Accountants
Countrywide House
Knights Way
Shrewsbury
Shropshire
SY1 3AB
8 October 2024
T & J SUPPLIES LIMITED
STATEMENT OF FINANCIAL POSITION
31 JULY 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 5 578 290
_______ _______
578 290
Current assets
Debtors 6 37,579 33,977
Cash at bank and in hand 82,864 121,093
_______ _______
120,443 155,070
Creditors: amounts falling due
within one year 7 ( 49,147) ( 77,477)
_______ _______
Net current assets 71,296 77,593
_______ _______
Total assets less current liabilities 71,874 77,883
Provisions for liabilities ( 110) ( 55)
_______ _______
Net assets 71,764 77,828
_______ _______
Capital and reserves
Called up share capital 100 100
Profit and loss account 71,664 77,728
_______ _______
Shareholders funds 71,764 77,828
_______ _______
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 01 October 2024 , and are signed on behalf of the board by:
Mr A S Evans Mrs J J Evans
Director Director
Company registration number: 04518454
T & J SUPPLIES LIMITED
STATEMENT OF CHANGES IN EQUITY
YEAR ENDED 31 JULY 2024
Called up share capital Profit and loss account Total
£ £ £
At 1 August 2022 100 94,475 94,575
Profit for the year 48,253 48,253
_______ _______ _______
Total comprehensive income for the year - 48,253 48,253
Dividends paid and payable ( 65,000) ( 65,000)
_______ _______ _______
Total investments by and distributions to owners - ( 65,000) ( 65,000)
_______ _______ _______
At 31 July 2023 and 1 August 2023 100 77,728 77,828
Profit for the year 53,936 53,936
_______ _______ _______
Total comprehensive income for the year - 53,936 53,936
Dividends paid and payable ( 60,000) ( 60,000)
_______ _______ _______
Total investments by and distributions to owners - ( 60,000) ( 60,000)
_______ _______ _______
At 31 July 2024 100 71,664 71,764
_______ _______ _______
T & J SUPPLIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 JULY 2024
1. General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is Countrywide House, Knights Way, Shrewsbury, Shropshire, SY1 3AB.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Turnover
Turnover is measured at the value of the consideration received or receivable for services supplied, net of discounts and Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, over the useful economic life of that asset as follows:
Fittings fixtures and equipment - 15 % reducing balance
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).
5. Tangible assets
Fixtures, fittings and equipment Total
£ £
Cost
At 1 August 2023 7,643 7,643
Additions 358 358
_______ _______
At 31 July 2024 8,001 8,001
_______ _______
Depreciation
At 1 August 2023 7,352 7,352
Charge for the year 71 71
_______ _______
At 31 July 2024 7,423 7,423
_______ _______
Carrying amount
At 31 July 2024 578 578
_______ _______
At 31 July 2023 291 291
_______ _______
6. Debtors
2024 2023
£ £
Trade debtors 37,462 33,867
Other debtors 117 110
_______ _______
37,579 33,977
_______ _______
7. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts 49 -
Trade creditors 7,621 9,761
Corporation tax 14,376 11,674
Social security and other taxes 3,991 4,066
Other creditors 23,110 51,976
_______ _______
49,147 77,477
_______ _______
8. Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2024
Balance brought forward Advances /(credits) to the directors Amounts repaid Balance o/standing
£ £ £ £
Mr A S Evans ( 50,896) - 28,888 ( 22,008)
_______ _______ _______ _______
2023
Balance brought forward Advances /(credits) to the directors Amounts repaid Balance o/standing
£ £ £ £
Mr A S Evans ( 4,612) ( 46,284) - ( 50,896)
_______ _______ _______ _______