Silverfin false false 30/04/2024 01/05/2023 30/04/2024 M Dunn 02/08/2019 A Picton 02/08/2019 P Tully 20/06/2019 D White 02/08/2019 22 January 2025 The principal activity of the Company during the financial year is the provision of consultancy services for civil engineering. 02493115 2024-04-30 02493115 bus:Director1 2024-04-30 02493115 bus:Director2 2024-04-30 02493115 bus:Director3 2024-04-30 02493115 bus:Director4 2024-04-30 02493115 2023-04-30 02493115 core:CurrentFinancialInstruments 2024-04-30 02493115 core:CurrentFinancialInstruments 2023-04-30 02493115 core:ShareCapital 2024-04-30 02493115 core:ShareCapital 2023-04-30 02493115 core:RetainedEarningsAccumulatedLosses 2024-04-30 02493115 core:RetainedEarningsAccumulatedLosses 2023-04-30 02493115 2023-05-01 2024-04-30 02493115 bus:FilletedAccounts 2023-05-01 2024-04-30 02493115 bus:SmallEntities 2023-05-01 2024-04-30 02493115 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 02493115 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 02493115 bus:Director1 2023-05-01 2024-04-30 02493115 bus:Director2 2023-05-01 2024-04-30 02493115 bus:Director3 2023-05-01 2024-04-30 02493115 bus:Director4 2023-05-01 2024-04-30 02493115 2022-05-01 2023-04-30 iso4217:GBP xbrli:pure

Company No: 02493115 (England and Wales)

TULLY DE'ATH (CONSULTANTS) LIMITED

Unaudited Financial Statements
For the financial year ended 30 April 2024
Pages for filing with the registrar

TULLY DE'ATH (CONSULTANTS) LIMITED

Unaudited Financial Statements

For the financial year ended 30 April 2024

Contents

TULLY DE'ATH (CONSULTANTS) LIMITED

COMPANY INFORMATION

For the financial year ended 30 April 2024
TULLY DE'ATH (CONSULTANTS) LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 30 April 2024
DIRECTORS M Dunn
A Picton
P Tully
D White
REGISTERED OFFICE Sheridan House
Hartfield Road
Forest Row
RH18 5EA
United Kingdom
COMPANY NUMBER 02493115 (England and Wales)
ACCOUNTANT Evelyn Partners (South East) Limited
Brockbourne House
77 Mount Ephraim
Royal Tunbridge Wells
TN4 8BS
TULLY DE'ATH (CONSULTANTS) LIMITED

BALANCE SHEET

As at 30 April 2024
TULLY DE'ATH (CONSULTANTS) LIMITED

BALANCE SHEET (continued)

As at 30 April 2024
Note 2024 2023
£ £
Current assets
Stocks 4 5,530 4,829
Debtors 5 460,361 812,370
Cash at bank and in hand 150,890 190,084
616,781 1,007,283
Creditors: amounts falling due within one year 6 ( 552,109) ( 462,093)
Net current assets 64,672 545,190
Total assets less current liabilities 64,672 545,190
Net assets 64,672 545,190
Capital and reserves
Called-up share capital 100 100
Profit and loss account 64,572 545,090
Total shareholder's funds 64,672 545,190

For the financial year ending 30 April 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Tully De'ath (Consultants) Limited (registered number: 02493115) were approved and authorised for issue by the Board of Directors on 22 January 2025. They were signed on its behalf by:

D White
Director
TULLY DE'ATH (CONSULTANTS) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
TULLY DE'ATH (CONSULTANTS) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Tully De'ath (Consultants) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006. The address of the Company's registered office is Sheridan House, Hartfield Road, Forest Row, Sussex, RH18 5EA, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The functional currency of Tully De'ath (Consultants) Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

The following principal accounting policies have been applied:

Turnover

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Revenue is recognised as earned when, and to the extent that, the firm obtains the right to consideration in exchange for its performance under these contracts. It is measured at the fair value of the right to consideration, which represents amounts chargeable to clients, including expenses and disbursements but excluding Value Added Tax.

Revenue is generally recognised as contract activity progresses so that for incomplete contracts it reflects the partial performance of the contractual obligations. For such contracts the amount of revenue reflects the accrual of the right to consideration by reference to the value of work performed.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Stocks

Work in progress is valued at the lower of cost and net realisable value. Costs include all direct costs incurred on each contract.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Critical accounting judgements and key sources of estimation uncertainty

In the application of the Company’s accounting policies, the directors are required to make judgements that have a significant impact on the amounts recognised. The following are the critical judgements that the directors have made in the process of applying the Company’s accounting policies and that have the most significant effect on the amounts recognised in the financial statements.

The Company makes judgements in relation to long term contracts and the corresponding costs associated with the contracts. This includes the measurement and recognition of WIP and accrued income, in accordance to the stage of completion of a job. The Company has control and review procedures in place to monitor and evaluate the estimates being made to ensure that they are consistent and appropriate. This includes reviewing the independent certification of work done, the progress of work against contracted timescales and costs incurred against the agreed overheads.

3. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 4 4

4. Stocks

2024 2023
£ £
Work in progress 5,530 4,829

5. Debtors

2024 2023
£ £
Trade debtors 343,003 718,439
Amounts recoverable on contracts 115,235 84,889
Prepayments 2,123 6,450
Corporation tax 0 2,592
460,361 812,370

6. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 61,311 89,608
Amounts owed to Group undertakings 400,547 300,325
Accruals and deferred income 59,966 58,747
Other taxation and social security 30,285 13,413
552,109 462,093

7. Ultimate controlling party

Parent Company:

Tully De'Ath Limited
Sheridan House, Hartfield Road, Forest Row, East Sussex, RH18 5EA