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
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
Tim Orrell Associates Ltd
Statement of financial position
as at 31 March 2024
Tangible assets
30,081
38,331
Cash at bank and in hand
29,209
38,168
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)
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
Tim Orrell Associates Ltd
Notes to the Accounts
for the year ended 31 March 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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
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
At 31 March 2024
26,652
672
2,757
30,081
At 31 March 2023
35,535
323
2,473
38,331
Tim Orrell Associates Ltd
Notes to the Accounts
for the year ended 31 March 2024
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
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).