Acorah Software Products - Accounts Production 15.0.600 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 02876804 Mr I A Tyler Mrs Z Laljee Soylent Holdings Ltd true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02876804 2023-07-31 02876804 2024-07-31 02876804 2023-08-01 2024-07-31 02876804 frs-core:CurrentFinancialInstruments 2024-07-31 02876804 frs-core:Non-currentFinancialInstruments 2024-07-31 02876804 frs-core:MotorVehicles 2024-07-31 02876804 frs-core:MotorVehicles 2023-08-01 2024-07-31 02876804 frs-core:MotorVehicles 2023-07-31 02876804 frs-core:PlantMachinery 2024-07-31 02876804 frs-core:PlantMachinery 2023-08-01 2024-07-31 02876804 frs-core:PlantMachinery 2023-07-31 02876804 frs-core:SharePremium 2024-07-31 02876804 frs-core:ShareCapital 2024-07-31 02876804 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 02876804 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 02876804 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 02876804 frs-bus:SmallEntities 2023-08-01 2024-07-31 02876804 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 02876804 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 02876804 1 2023-08-01 2024-07-31 02876804 frs-bus:Director1 2023-08-01 2024-07-31 02876804 frs-bus:Director2 2023-08-01 2024-07-31 02876804 frs-countries:EnglandWales 2023-08-01 2024-07-31 02876804 2022-07-31 02876804 2023-07-31 02876804 2022-08-01 2023-07-31 02876804 frs-core:CurrentFinancialInstruments 2023-07-31 02876804 frs-core:Non-currentFinancialInstruments 2023-07-31 02876804 frs-core:SharePremium 2023-07-31 02876804 frs-core:ShareCapital 2023-07-31 02876804 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 02876804
Tyrell Green Limited
Financial Statements
For The Year Ended 31 July 2024
ICAEW
1 Landor Road
London
SW9 9RX
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 02876804
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 65,866 1,156
65,866 1,156
CURRENT ASSETS
Debtors 5 39,752 182,878
Cash at bank and in hand 286,390 375,779
326,142 558,657
Creditors: Amounts Falling Due Within One Year 6 (25,941 ) (87,726 )
NET CURRENT ASSETS (LIABILITIES) 300,201 470,931
TOTAL ASSETS LESS CURRENT LIABILITIES 366,067 472,087
Creditors: Amounts Falling Due After More Than One Year 7 (183,590 ) (173,844 )
NET ASSETS 182,477 298,243
CAPITAL AND RESERVES
Called up share capital 8 28,987 28,987
Share premium account 40,239 40,239
Profit and Loss Account 113,251 229,017
SHAREHOLDERS' FUNDS 182,477 298,243
Page 1
Page 2
For the year ending 31 July 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr I A Tyler
Director
19 November 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Tyrell Green Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02876804 . The registered office is Fairman Harris, 1 Landor Road, London, SW9 9RX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery Over 3 years
Motor Vehicles 25% Reducing Balance
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2023: 5)
6 5
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4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 August 2023 15,720 - 15,720
Additions 5,484 82,000 87,484
As at 31 July 2024 21,204 82,000 103,204
Depreciation
As at 1 August 2023 14,564 - 14,564
Provided during the period 2,274 20,500 22,774
As at 31 July 2024 16,838 20,500 37,338
Net Book Value
As at 31 July 2024 4,366 61,500 65,866
As at 1 August 2023 1,156 - 1,156
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 19,043 174,525
Prepayments and accrued income 5,644 3,834
Other debtors 3,067 1,964
Corporation tax recoverable assets 10,378 -
Directors' loan accounts 1,620 2,555
39,752 182,878
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 268 2,137
Bank loans and overdrafts 19,458 9,268
Corporation tax - 72,455
Other taxes and social security 2,313 694
Other creditors 2,094 1,389
Accruals and deferred income 1,808 1,783
25,941 87,726
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 48,358 27,914
Amounts owed to parent undertaking 135,232 145,930
183,590 173,844
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Page 5
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 28,987 28,987
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors: £1,620.
The above loan is unsecured, interest free and repayable on demand.
10. Ultimate Controlling Party
The company's ultimate controlling party is Soylent Holdings Ltd by virtue of its ownership of 100% of the issued share capital in the company.
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