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REGISTERED NUMBER: 01705145 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

Tyrex (Shepshed) Limited

Tyrex (Shepshed) Limited (Registered number: 01705145)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 8

Tyrex (Shepshed) Limited

Company Information
for the Year Ended 31 July 2024







DIRECTOR: C S Naylor





REGISTERED OFFICE: 6B Old Station Close
Shepshed
Loughborough
Leicestershire
LE12 9NJ





REGISTERED NUMBER: 01705145 (England and Wales)





ACCOUNTANTS: Charnwood Accountants & Business Advisors LLP
The Point
Granite Way
Mountsorrel
Loughborough
Leicestershire
LE12 7TZ

Tyrex (Shepshed) Limited (Registered number: 01705145)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 164,121 65,834
164,121 65,834

CURRENT ASSETS
Stocks 44,379 41,385
Debtors 6 55,932 172,131
Cash at bank and in hand 119,086 82,778
219,397 296,294
CREDITORS
Amounts falling due within one year 7 199,493 180,268
NET CURRENT ASSETS 19,904 116,026
TOTAL ASSETS LESS CURRENT
LIABILITIES

184,025

181,860

PROVISIONS FOR LIABILITIES 7,493 5,565
NET ASSETS 176,532 176,295

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Retained earnings 175,532 175,295
SHAREHOLDERS' FUNDS 176,532 176,295

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 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.

Tyrex (Shepshed) Limited (Registered number: 01705145)

Balance Sheet - continued
31 July 2024


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 2 October 2024 and were signed by:





C S Naylor - Director


Tyrex (Shepshed) Limited (Registered number: 01705145)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Tyrex (Shepshed) 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.

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 excess of the consideration paid over the net assets of the business acquired, is amortised on a straight line basis over its estimated useful life of 5 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.
Improvements to property - in line with expected residual value
Plant and machinery - 20% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

Stocks
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 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.


Tyrex (Shepshed) Limited (Registered number: 01705145)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

2. ACCOUNTING POLICIES - continued
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.

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 9 (2023 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2023
and 31 July 2024 100,000
AMORTISATION
At 1 August 2023
and 31 July 2024 100,000
NET BOOK VALUE
At 31 July 2024 -
At 31 July 2023 -

Tyrex (Shepshed) Limited (Registered number: 01705145)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

5. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 August 2023 61,150 188,057 59,064 24,661 332,932
Additions - 7,117 131,660 1,724 140,501
Disposals - - (45,000 ) - (45,000 )
At 31 July 2024 61,150 195,174 145,724 26,385 428,433
DEPRECIATION
At 1 August 2023 27,518 171,171 48,606 19,803 267,098
Charge for year 3,057 6,837 25,404 2,229 37,527
Eliminated on disposal - - (40,313 ) - (40,313 )
At 31 July 2024 30,575 178,008 33,697 22,032 264,312
NET BOOK VALUE
At 31 July 2024 30,575 17,166 112,027 4,353 164,121
At 31 July 2023 33,632 16,886 10,458 4,858 65,834

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 29,716 42,905
Amounts owed by group undertakings 19,556 103,254
Other debtors 6,660 25,972
55,932 172,131

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade creditors 82,433 80,840
Taxation and social security 114,175 97,478
Other creditors 2,885 1,950
199,493 180,268

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
1,000 Ordinary £1 1,000 1,000

Tyrex (Shepshed) Limited (Registered number: 01705145)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

9. ULTIMATE CONTROLLING PARTY

The controlling party is Tyrex (Holdings) Limited.

The ultimate controlling party is C S Naylor.

Chartered Certified Accountants' Report to the Director
on the Unaudited Financial Statements of
Tyrex (Shepshed) Limited

The following reproduces the text of the report prepared for the director 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 Director 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 Tyrex (Shepshed) Limited for the year ended 31 July 2024 which comprise the Income Statement, 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 director of Tyrex (Shepshed) Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Tyrex (Shepshed) Limited and state those matters that we have agreed to state to the director of Tyrex (Shepshed) Limited 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 director for our work or for this report.

It is your duty to ensure that Tyrex (Shepshed) 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 Tyrex (Shepshed) Limited. You consider that Tyrex (Shepshed) 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 Tyrex (Shepshed) 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.






Charnwood Accountants & Business Advisors LLP
The Point
Granite Way
Mountsorrel
Loughborough
Leicestershire
LE12 7TZ


2 October 2024