TY SA Ltd 12165424 false 2022-09-01 2023-08-31 2023-08-31 The principal activity of the company is 68320, 79120 Digita Accounts Production Advanced 6.30.9574.0 true true 12165424 2022-09-01 2023-08-31 12165424 2023-08-31 12165424 core:RetainedEarningsAccumulatedLosses 2023-08-31 12165424 core:ShareCapital 2023-08-31 12165424 core:CurrentFinancialInstruments 2023-08-31 12165424 core:CurrentFinancialInstruments core:WithinOneYear 2023-08-31 12165424 core:Non-currentFinancialInstruments 2023-08-31 12165424 core:Non-currentFinancialInstruments core:AfterOneYear 2023-08-31 12165424 core:FurnitureFittingsToolsEquipment 2023-08-31 12165424 core:MotorVehicles 2023-08-31 12165424 bus:SmallEntities 2022-09-01 2023-08-31 12165424 bus:AuditExemptWithAccountantsReport 2022-09-01 2023-08-31 12165424 bus:FullAccounts 2022-09-01 2023-08-31 12165424 bus:SmallCompaniesRegimeForAccounts 2022-09-01 2023-08-31 12165424 bus:RegisteredOffice 2022-09-01 2023-08-31 12165424 bus:CompanySecretaryDirector1 2022-09-01 2023-08-31 12165424 bus:Director2 2022-09-01 2023-08-31 12165424 bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 12165424 core:IntangibleAssetsOtherThanGoodwill 2022-09-01 2023-08-31 12165424 core:FurnitureFittings 2022-09-01 2023-08-31 12165424 core:FurnitureFittingsToolsEquipment 2022-09-01 2023-08-31 12165424 core:MotorVehicles 2022-09-01 2023-08-31 12165424 countries:EnglandWales 2022-09-01 2023-08-31 12165424 2022-08-31 12165424 core:FurnitureFittingsToolsEquipment 2022-08-31 12165424 core:MotorVehicles 2022-08-31 12165424 2021-09-01 2022-08-31 12165424 2022-08-31 12165424 core:RetainedEarningsAccumulatedLosses 2022-08-31 12165424 core:ShareCapital 2022-08-31 12165424 core:CurrentFinancialInstruments 2022-08-31 12165424 core:CurrentFinancialInstruments core:WithinOneYear 2022-08-31 12165424 core:Non-currentFinancialInstruments 2022-08-31 12165424 core:Non-currentFinancialInstruments core:AfterOneYear 2022-08-31 12165424 core:FurnitureFittingsToolsEquipment 2022-08-31 12165424 core:MotorVehicles 2022-08-31 iso4217:GBP xbrli:pure

Registration number: 12165424

TY SA Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 August 2023

 

TY SA Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

TY SA Ltd

Company Information

Directors

Mr Luke Aaron Cresswell

Mr Matthew David Miles

Company secretary

Mr Luke Aaron Cresswell

Registered office

20-22 Wenlock Road
London
N1 7GU

Accountants

RiverView Portfolio Limited
1 Market Hill
Calne
Wiltshire
SN11 0BT

 

TY SA Ltd

(Registration number: 12165424)
Balance Sheet as at 31 August 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

5

1,064

1,971

Current assets

 

Debtors

6

218,916

145,707

Cash at bank and in hand

 

251,276

162,585

 

470,192

308,292

Creditors: Amounts falling due within one year

7

(426,629)

(271,319)

Net current assets

 

43,563

36,973

Total assets less current liabilities

 

44,627

38,944

Creditors: Amounts falling due after more than one year

7

-

(7,500)

Net assets

 

44,627

31,444

Capital and reserves

 

Called up share capital

1,000

2

Retained earnings

43,627

31,442

Shareholders' funds

 

44,627

31,444

For the financial year ending 31 August 2023 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 accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 6 November 2024 and signed on its behalf by:
 

 

TY SA Ltd

(Registration number: 12165424)
Balance Sheet as at 31 August 2023 (continued)

.........................................
Mr Luke Aaron Cresswell
Company secretary and director

.........................................
Mr Matthew David Miles
Director

 

TY SA Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
20-22 Wenlock Road
London
N1 7GU

These financial statements were authorised for issue by the Board on 6 November 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

 

TY SA Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023 (continued)

2

Accounting policies (continued)

Asset class

Depreciation method and rate

Furniture and fittings

25% Straight line

Amortisation

Asset class

Amortisation method and rate

Intangible asset

25% Straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

TY SA Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023 (continued)

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 7 (2022 - 4).

4

Profit before tax

Arrived at after charging/(crediting)

2023
£

2022
£

Depreciation expense

907

907

 

TY SA Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023 (continued)

5

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 September 2022

1,128

2,500

3,628

At 31 August 2023

1,128

2,500

3,628

Depreciation

At 1 September 2022

407

1,250

1,657

Charge for the year

282

625

907

At 31 August 2023

689

1,875

2,564

Carrying amount

At 31 August 2023

439

625

1,064

At 31 August 2022

721

1,250

1,971

6

Debtors

Current

Note

2023
£

2022
£

Trade debtors

 

180,113

139,407

Amounts owed by related parties

38,120

6,300

Prepayments

 

583

-

Other debtors

 

100

-

   

218,916

145,707

7

Creditors

Creditors: amounts falling due within one year

 

TY SA Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023 (continued)

7

Creditors (continued)

Note

2023
£

2022
£

Due within one year

 

Trade creditors

 

316,963

244,192

Amounts owed to group undertakings and undertakings in which the company has a participating interest

-

5,208

Taxation and social security

 

97,823

15,543

Accruals and deferred income

 

825

1,003

Other creditors

 

11,018

5,373

 

426,629

271,319

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

8

-

7,500

8

Loans and borrowings

Non-current loans and borrowings

2023
£

2022
£

Bank borrowings

-

7,500