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Company Registration No. 13488900 (England and Wales)
Tim Orrell Associates Ltd Unaudited accounts for the year ended 31 March 2024
Tim Orrell Associates Ltd Unaudited accounts Contents
Page
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Tim Orrell Associates Ltd Company Information for the year ended 31 March 2024
Directors
TR Orrell HM Orrell
Company Number
13488900 (England and Wales)
Registered Office
2B Prod Lane Baildon Shipley BD17 5BN
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Tim Orrell Associates Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
30,081 
38,331 
Current assets
Debtors
13,374 
15,208 
Cash at bank and in hand
29,209 
38,168 
42,583 
53,376 
Creditors: amounts falling due within one year
(21,590)
(24,403)
Net current assets
20,993 
28,973 
Total assets less current liabilities
51,074 
67,304 
Creditors: amounts falling due after more than one year
(37,329)
(41,294)
Net assets
13,745 
26,010 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
13,743 
26,008 
Shareholders' funds
13,745 
26,010 
For the year ending 31 March 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 15 October 2024 and were signed on its behalf by
TR Orrell Director Company Registration No. 13488900
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Tim Orrell Associates Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Tim Orrell Associates Ltd is a private company, limited by shares, registered in England and Wales, registration number 13488900. The registered office is 2B Prod Lane, Baildon, Shipley, BD17 5BN.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% reducing balance
Fixtures & fittings
25% on cost
Computer equipment
25% on cost
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2023
52,890 
388 
3,108 
56,386 
Additions
- 
529 
1,122 
1,651 
At 31 March 2024
52,890 
917 
4,230 
58,037 
Depreciation
At 1 April 2023
17,355 
65 
635 
18,055 
Charge for the year
8,883 
180 
838 
9,901 
At 31 March 2024
26,238 
245 
1,473 
27,956 
Net book value
At 31 March 2024
26,652 
672 
2,757 
30,081 
At 31 March 2023
35,535 
323 
2,473 
38,331 
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Tim Orrell Associates Ltd Notes to the Accounts for the year ended 31 March 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
13,374 
15,208 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
20,193 
23,324 
Loans from directors
1,397 
1,079 
21,590 
24,403 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
37,329 
41,294 
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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