Company No:
Contents
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 |
Note | 2024 | 2023 | ||
£ | £ | |||
Current assets | ||||
Stocks | 4 |
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Debtors | 5 |
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Cash at bank and in hand |
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616,781 | 1,007,283 | |||
Creditors: amounts falling due within one year | 6 | (
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Net current assets | 64,672 | 545,190 | ||
Total assets less current liabilities | 64,672 | 545,190 | ||
Net assets |
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Capital and reserves | ||||
Called-up share capital |
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Profit and loss account |
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Total shareholder's funds |
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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:
D White
Director |
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.
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:
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.
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.
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 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.
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.
2024 | 2023 | ||
Number | Number | ||
Monthly average number of persons employed by the Company during the year, including directors |
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Work in progress |
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Trade debtors |
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Amounts recoverable on contracts |
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Prepayments |
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Corporation tax |
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Trade creditors |
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Amounts owed to Group undertakings |
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Accruals and deferred income |
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Other taxation and social security |
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Parent Company:
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Sheridan House, Hartfield Road, Forest Row, East Sussex, RH18 5EA |