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Registered Number: 12250450
England and Wales

 

 

 

TYCHE PARTNERS LTD


Abridged Accounts
 


Period of accounts

Start date: 01 April 2023

End date: 31 March 2024
  2024   2023
    £ £   £ £
Fixed assets   223      577 
Current assets 148,359      149,990   
Creditors: amount falling due within one year (27,874)     (35,930)  
Net current assets   120,485      114,060 
Total assets less current liabilities   120,708      114,637 
Provisions for liabilities   (361)     (87)
Net assets   120,347      114,550 
 

         
Capital and reserves   120,347      114,550 
 
NOTES TO THE ACCOUNTS

General Information
Tyche Partners Ltd is a private company, limited by shares, registered in England and Wales, registration number 12250450, registration address 55, Queen Ediths Way , Cambridge, UK, CB1 8PJ.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 105 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer Equipment 3 years Straight Line
2.

Tangible fixed assets

Cost or valuation Computer Equipment   Total
  £   £
At 01 April 2023 3,666    3,666 
Additions 335    335 
Disposals  
At 31 March 2024 4,001    4,001 
Depreciation
At 01 April 2023 3,089    3,089 
Charge for year 689    689 
On disposals  
At 31 March 2024 3,778    3,778 
Net book values
Closing balance as at 31 March 2024 223    223 
Opening balance as at 01 April 2023 577    577 


3.

Average number of employees

Average number of employees during the year was 3 (2023 : 3).


For the year ended 31 March 2024 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.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the micro-entity provisions and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts.
The financial statements were approved by the board of directors on 19 November 2024 and were signed on its behalf by:


--------------------------------
Dariusz Lis
Director
1