Company registration number: 13845356
Unaudited financial statements
for the year ended 30 January 2024
for
The Old Barn Tealby Developments Ltd
Pages for filing with the Registrar
Company registration number: 13845356
The Old Barn Tealby Developments Ltd
Balance sheet
as at 30 January 2024
30 Jan 24 30 Jan 23
£ £ £ £
Current assets
Stocks 1,051,413 1,012,460
Cash at bank and in hand 15,192 87,985
1,066,605 1,100,445
Creditors: amounts falling due within
one year
(728,999) (334,887)
Net current assets 337,606 765,558
Creditors: Amounts falling due after
more than one year
(336,082) (765,458)
NET ASSETS 1,524 100
Capital and reserves
Called up share capital 100 -
Profit and loss account 1,424 100
TOTAL EQUITY 1,524 100
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 30 January 2024.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 13845356
The Old Barn Tealby Developments Ltd
Balance sheet - continued
as at 30 January 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 Profit and loss account has not been delivered to the Registrar.
Signed by:
Mr J Collins, Director
23 October 2024
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The Old Barn Tealby Developments Ltd
Notes to the financial statements
for the year ended 30 January 2024
1 Company information
The Old Barn Tealby Developments Ltd is a private company registered in England and Wales. Its registered number is 13845356. The company is limited by shares. Its registered office is Badger Hills, Main Road, Grimsby, South Humberside, DN37 0TN.
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 historic cost convention.
Going concern
In preparing these financial statements, the director has assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the director takes into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The director considers that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Work in progress is valued at the lower of cost and net realisable value. Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.
Taxation
Taxation for the year comprises current taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current 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.
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The Old Barn Tealby Developments Ltd
Notes to the financial statements - continued
for the year ended 30 January 2024
3 Average number of employees
During the year the average number of employees was 3 (2023 - 3).
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