Registered number
05232844
Ty Deri Limited
Unaudited Filleted Accounts
30 September 2024
Ty Deri Limited
Registered number: 05232844
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 241,384 248,818
Investments 4 1 1
241,385 248,819
Current assets
Debtors 5 22,373 25,806
Cash at bank and in hand 127,965 90,379
150,338 116,185
Creditors: amounts falling due within one year 6 (79,144) (60,272)
Net current assets 71,194 55,913
Total assets less current liabilities 312,579 304,732
Provisions for liabilities (9,076) (10,710)
Net assets 303,503 294,022
Capital and reserves
Called up share capital 10 10
Profit and loss account 303,493 294,012
Shareholders' funds 303,503 294,022
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Philip J Saunders
Director
Approved by the board on 30 October 2024
Ty Deri Limited
Notes to the Accounts
for the year ended 30 September 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Leasehold land and buildings over the lease term
Plant and equipment over 5 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 2
3 Tangible fixed assets
Leasehold Land and buildings Plant and equipment Total
£ £ £
Cost
At 1 October 2023 258,205 27,221 285,426
Additions - 955 955
At 30 September 2024 258,205 28,176 286,381
Depreciation
At 1 October 2023 15,313 21,295 36,608
Charge for the year 5,164 3,225 8,389
At 30 September 2024 20,477 24,520 44,997
Net book value
At 30 September 2024 237,728 3,656 241,384
At 30 September 2023 242,892 5,926 248,818
4 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 October 2023 1
At 30 September 2024 1
5 Debtors 2024 2023
£ £
Trade debtors - 1,760
Amounts owed by group undertakings 6,144 -
Accrued income 15,778 23,146
Prepayments 451 900
22,373 25,806
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 2,449 883
Taxation and social security costs 25,396 15,423
Loan from director to the company 48,228 41,250
Other creditors 3,071 2,716
79,144 60,272
7 Controlling party
The ultimate controlling party is the director, Philip J Saunders, through his shareholding.
8 Other information
Ty Deri Limited is a private company limited by shares and incorporated in England. Its registered office is:
Cedar Lodge
Lambourne Crescent
Cardiff
CF14 5GF
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