IRIS Accounts Production v24.3.0.553 NI057343 Board of Directors Board of Directors 1.12.23 31.7.24 31.7.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhNI0573432023-11-30NI0573432024-07-31NI0573432023-12-012024-07-31NI0573432022-11-30NI0573432022-12-012023-11-30NI0573432023-11-30NI057343ns15:NorthernIreland2023-12-012024-07-31NI057343ns14:PoundSterling2023-12-012024-07-31NI057343ns10:Director12023-12-012024-07-31NI057343ns10:Director22023-12-012024-07-31NI057343ns10:PrivateLimitedCompanyLtd2023-12-012024-07-31NI057343ns10:SmallEntities2023-12-012024-07-31NI057343ns10:AuditExemptWithAccountantsReport2023-12-012024-07-31NI057343ns10:SmallCompaniesRegimeForDirectorsReport2023-12-012024-07-31NI057343ns10:SmallCompaniesRegimeForAccounts2023-12-012024-07-31NI057343ns10:FullAccounts2023-12-012024-07-31NI05734312023-12-012024-07-31NI057343ns10:CompanySecretary12023-12-012024-07-31NI057343ns10:RegisteredOffice2023-12-012024-07-31NI057343ns5:CurrentFinancialInstruments2024-07-31NI057343ns5:CurrentFinancialInstruments2023-11-30NI057343ns5:Non-currentFinancialInstruments2024-07-31NI057343ns5:Non-currentFinancialInstruments2023-11-30NI057343ns5:ShareCapital2024-07-31NI057343ns5:ShareCapital2023-11-30NI057343ns5:RetainedEarningsAccumulatedLosses2024-07-31NI057343ns5:RetainedEarningsAccumulatedLosses2023-11-30NI057343ns5:NetGoodwill2023-12-012024-07-31NI057343ns5:NetGoodwill2023-11-30NI057343ns5:NetGoodwill2024-07-31NI057343ns5:NetGoodwill2023-11-30NI057343ns5:LongLeaseholdAssetsns5:LandBuildings2023-11-30NI057343ns5:FurnitureFittings2023-11-30NI057343ns5:LongLeaseholdAssetsns5:LandBuildings2023-12-012024-07-31NI057343ns5:FurnitureFittings2023-12-012024-07-31NI057343ns5:LongLeaseholdAssetsns5:LandBuildings2024-07-31NI057343ns5:FurnitureFittings2024-07-31NI057343ns5:LongLeaseholdAssetsns5:LandBuildings2023-11-30NI057343ns5:FurnitureFittings2023-11-30NI057343ns5:WithinOneYearns5:CurrentFinancialInstruments2024-07-31NI057343ns5:WithinOneYearns5:CurrentFinancialInstruments2023-11-30
REGISTERED NUMBER: NI057343 (Northern Ireland)















TYRONE FORSYTHE AND ASSOCIATES LIMITED

FINANCIAL STATEMENTS

FOR THE PERIOD

1 DECEMBER 2023 TO 31 JULY 2024






TYRONE FORSYTHE AND ASSOCIATES LIMITED (REGISTERED NUMBER: NI057343)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 DECEMBER 2023 TO 31 JULY 2024




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


TYRONE FORSYTHE AND ASSOCIATES LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 DECEMBER 2023 TO 31 JULY 2024







DIRECTORS: Myrtle Forsythe
Tyrone Forsythe



SECRETARY: Tyrone Forsythe



REGISTERED OFFICE: 36 Freughlough Road
Castlederg
Co. Tyrone
BT81 7JT



REGISTERED NUMBER: NI057343 (Northern Ireland)



ACCOUNTANTS: McAleer Jackson Ltd
Chartered Accountants & Chartered Tax Advisers
Church House
24 Dublin Road
OMAGH
Co. Tyrone
BT78 1HE



BANKERS: Danske Bank
Business Banking
PO Box 183
Donegal Square West
BELFAST
BT1 6JS

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
TYRONE FORSYTHE AND ASSOCIATES LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.


In accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company for the period ended 31 July 2024 which comprise the Income Statement, Balance Sheet and the related notes from the accounting records and information and explanations you have given to us.

This report is made to the company's Board of Directors, as a body, in accordance with the terms of our engagement. Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the company's Board of Directors that we have done so, and state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's Board of Directors, as a body, for our work or for this report.

We have carried out this engagement in accordance with guidance issued by the Institute of Chartered Accountants in Ireland and have complied with the ethical guidance laid down by the Institute relating to members undertaking the compilation of financial statements.

You have acknowledged on the Balance Sheet as at 31 July 2024 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the period.

We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.






McAleer Jackson Ltd
Chartered Accountants & Chartered Tax Advisers
Church House
24 Dublin Road
OMAGH
Co. Tyrone
BT78 1HE


18 November 2024

TYRONE FORSYTHE AND ASSOCIATES LIMITED (REGISTERED NUMBER: NI057343)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 18,000
Tangible assets 5 - 29,910
- 47,910

CURRENT ASSETS
Debtors 6 - 2,900
Cash at bank - 2,761
- 5,661
CREDITORS
Amounts falling due within one year 7 - 8,048
NET CURRENT LIABILITIES - (2,387 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

-

45,523

CREDITORS
Amounts falling due after more than one
year

8

73,913

68,826
NET LIABILITIES (73,913 ) (23,303 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (73,915 ) (23,305 )
SHAREHOLDERS' FUNDS (73,913 ) (23,303 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

TYRONE FORSYTHE AND ASSOCIATES LIMITED (REGISTERED NUMBER: NI057343)

BALANCE SHEET - continued
31 JULY 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 November 2024 and were signed on its behalf by:




Tyrone Forsythe - Director



Myrtle Forsythe - Director


TYRONE FORSYTHE AND ASSOCIATES LIMITED (REGISTERED NUMBER: NI057343)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 DECEMBER 2023 TO 31 JULY 2024

1. STATUTORY INFORMATION

Tyrone Forsythe and Associates Limited is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the value of services rendered, excluding value added tax.

Goodwill
Goodwill being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful like of 10 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures & equipment:- 20% reducing balance

Motor vehicles:- 20% reducing balance

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2023 - 2 ) .

TYRONE FORSYTHE AND ASSOCIATES LIMITED (REGISTERED NUMBER: NI057343)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 DECEMBER 2023 TO 31 JULY 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2023
and 31 July 2024 120,000
AMORTISATION
At 1 December 2023 102,000
Impairments 18,000
At 31 July 2024 120,000
NET BOOK VALUE
At 31 July 2024 -
At 30 November 2023 18,000

5. TANGIBLE FIXED ASSETS
Land & Fixtures
buildings & equipment Totals
£    £    £   
COST
At 1 December 2023 27,056 74,465 101,521
Disposals (27,056 ) (74,465 ) (101,521 )
At 31 July 2024 - - -
DEPRECIATION
At 1 December 2023 - 71,611 71,611
Eliminated on disposal - (71,611 ) (71,611 )
At 31 July 2024 - - -
NET BOOK VALUE
At 31 July 2024 - - -
At 30 November 2023 27,056 2,854 29,910

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 2,900

TYRONE FORSYTHE AND ASSOCIATES LIMITED (REGISTERED NUMBER: NI057343)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 DECEMBER 2023 TO 31 JULY 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 2,220
Other creditors - 5,828
- 8,048

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Other creditors 73,913 68,826

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Directors loan 73,913 68,826

9. RELATED PARTY DISCLOSURES

At the year end the company had a loan amounting to £73,913 from members of key management personnel. (£68,826 at 01.12.2023).

10. ULTIMATE CONTROLLING PARTY

The directors are considered to be the ultimate controlling party by virtue of their ability to act in concert in respect of the financial policies of the company.