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Registration number: 11000123

Tranby Surveying Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 October 2024

 

Tranby Surveying Limited
(Registration number: 11000123)

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

Tranby Surveying Limited
(Registration number: 11000123)

Company Information

Directors

R Charchafchi

K Theodore

Registered office

1 Colleton Crescent
Exeter
Devon
EX2 4DG

Accountants

Thompson Jenner LLP
Chartered Accountants
1 Colleton Crescent
Exeter
Devon
EX2 4DG

 

Tranby Surveying Limited
(Registration number: 11000123)

Balance Sheet as at 31 October 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

472,030

513,896

Current assets

 

Debtors

5

549,808

318,131

Cash at bank and in hand

 

720,694

557,671

 

1,270,502

875,802

Creditors: Amounts falling due within one year

6

(392,173)

(392,614)

Net current assets

 

878,329

483,188

Total assets less current liabilities

 

1,350,359

997,084

Creditors: Amounts falling due after more than one year

6

(200,000)

(200,000)

Provisions for liabilities

(3,286)

(6,162)

Net assets

 

1,147,073

790,922

Capital and reserves

 

Called up share capital

100

100

Retained earnings

1,146,973

790,822

Shareholders' funds

 

1,147,073

790,922

For the financial year ending 31 October 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; 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.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 9 January 2025 and signed on its behalf by:
 

 

Tranby Surveying Limited
(Registration number: 11000123)

Balance Sheet as at 31 October 2024

.........................................
R Charchafchi
Director

 

Tranby Surveying Limited
(Registration number: 11000123)

Notes to the Unaudited Financial Statements
for the Year Ended 31 October 2024

1

General information

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

The address of its registered office is:
1 Colleton Crescent
Exeter
Devon
EX2 4DG

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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred 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.

 

Tranby Surveying Limited
(Registration number: 11000123)

Notes to the Unaudited Financial Statements
for the Year Ended 31 October 2024

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statement and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

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:

Asset class

Depreciation method and rate

Leasehold improvements

10% Straight line

Office equipment

33% Straight line

Motor vehicles

25% Straight line

Freehold property

2% 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.

 

Tranby Surveying Limited
(Registration number: 11000123)

Notes to the Unaudited Financial Statements
for the Year Ended 31 October 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 8 (2023 - 8).

 

Tranby Surveying Limited
(Registration number: 11000123)

Notes to the Unaudited Financial Statements
for the Year Ended 31 October 2024

4

Tangible assets

Leasehold improvements
£

Office equipment
 £

Motor vehicles
 £

Freehold property
£

Total
£

Cost or valuation

At 1 November 2023

36,792

27,213

128,000

381,847

573,852

Additions

-

6,113

-

-

6,113

Disposals

-

(17,918)

-

-

(17,918)

At 31 October 2024

36,792

15,408

128,000

381,847

562,047

Depreciation

At 1 November 2023

12,205

20,378

19,750

7,623

59,956

Charge for the year

3,682

2,872

32,000

7,637

46,191

Eliminated on disposal

-

(16,130)

-

-

(16,130)

At 31 October 2024

15,887

7,120

51,750

15,260

90,017

Carrying amount

At 31 October 2024

20,905

8,288

76,250

366,587

472,030

At 31 October 2023

24,587

6,835

108,250

374,224

513,896

 

Tranby Surveying Limited
(Registration number: 11000123)

Notes to the Unaudited Financial Statements
for the Year Ended 31 October 2024

5

Debtors

2024
£

2023
£

Trade debtors

487,193

312,002

Other debtors

60,738

3,867

Prepayments and accrued income

1,877

2,262

Total current trade and other debtors

549,808

318,131

6

Creditors

2024
£

2023
£

Due within one year

Trade creditors

-

8,054

Taxation and social security

374,522

339,723

Other creditors

15,037

11,502

Accrued expenses

2,614

33,335

392,173

392,614

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

7

200,000

200,000

 

Tranby Surveying Limited
(Registration number: 11000123)

Notes to the Unaudited Financial Statements
for the Year Ended 31 October 2024

7

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Other borrowings

200,000

200,000

8

Related party transactions

Transactions with directors

2024

At 1 November 2023
£

Repayments by director
£

At 31 October 2024
£

Interest free loan repayable on demand

(3,129)

3,129

-

 

2023

At 1 November 2022
£

Advances to director
£

At 31 October 2023
£

Interest free loan repayable on demand

-

(3,129)

(3,129)