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Registration number: 02589859

Tony Tyler Financial Services Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 August 2024

 

Tony Tyler Financial Services Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

Tony Tyler Financial Services Limited

Company Information

Director

Mr G D Cresswell

Registered office

38 Milford Street
Salisbury
Wiltshire
SP1 2BP

Accountants

Numeric Accounting
Chartered Certified Accountants
Suite 1 The Portway Centre
Old Sarum Park
Old Sarum
Salisbury
Wiltshire
SP4 6EB

 

Tony Tyler Financial Services Limited

(Registration number: 02589859)
Balance Sheet as at 31 August 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

2,582

2,689

Current assets

 

Debtors

5

5,531

5,725

Cash at bank and in hand

 

63,978

49,383

 

69,509

55,108

Creditors: Amounts falling due within one year

6

(45,974)

(33,603)

Net current assets

 

23,535

21,505

Total assets less current liabilities

 

26,117

24,194

Provisions for liabilities

(577)

(565)

Net assets

 

25,540

23,629

Capital and reserves

 

Called up share capital

7

625

625

Retained earnings

24,915

23,004

Shareholders' funds

 

25,540

23,629

For the financial year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 24 January 2025
 

 

Tony Tyler Financial Services Limited

(Registration number: 02589859)
Balance Sheet as at 31 August 2024 (continued)

.........................................
Mr G D Cresswell
Director

 

Tony Tyler Financial Services Limited

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

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
38 Milford Street
Salisbury
Wiltshire
SP1 2BP

These financial statements were authorised for issue by the director on 24 January 2025.

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.

 

Tony Tyler Financial Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024 (continued)

2

Accounting policies (continued)

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.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

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

Computer Equipment

25% Straight Line

Fixtures and Fittings

20% Straight Line

Financial instruments

Classification
A financial instrument is a contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another entity.
 Recognition and measurement
When a financial asset or financial liability is recognised initially, the entity shall measure it at the transaction price unless the arrangement constitutes, in effect, a financing transaction. An arrangement constitutes a financing transaction if payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate.

At the end of each reporting period, an entity shall measure all financial instruments which constitute a financing arrangement at fair value and recognise changes in fair value in profit or loss.

 

 

Tony Tyler Financial Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024 (continued)

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 3 (2023 - 3).

 

Tony Tyler Financial Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024 (continued)

4

Tangible assets

Fixtures and fittings
£

Office equipment
£

Total
£

Cost or valuation

At 1 September 2023

6,011

21,622

27,633

Additions

-

1,121

1,121

At 31 August 2024

6,011

22,743

28,754

Depreciation

At 1 September 2023

6,011

18,933

24,944

Charge for the year

-

1,228

1,228

At 31 August 2024

6,011

20,161

26,172

Carrying amount

At 31 August 2024

-

2,582

2,582

At 31 August 2023

-

2,689

2,689

5

Debtors

Current

2024
£

2023
£

Prepayments

2,991

3,575

Other debtors

2,540

2,150

 

5,531

5,725

6

Creditors

Creditors: amounts falling due within one year

 

Tony Tyler Financial Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024 (continued)

6

Creditors (continued)

2024
£

2023
£

Due within one year

Trade creditors

1,247

4,194

Taxation and social security

20,120

13,823

Accruals and deferred income

15,125

6,238

Other creditors

9,482

9,348

45,974

33,603

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

500

500

500

500

Ordinary B of £1 each

125

125

125

125

625

625

625

625

8

Dividends

2024

2023

£

£

Interim dividend of £108.48 (2023 - £94.08) per ordinary share

67,800

58,800

 

 

9

Related party transactions

Transactions with the director

 

Tony Tyler Financial Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024 (continued)

9

Related party transactions (continued)

2024

At 1 September 2023
£

Other payments made to company by director
£

At 31 August 2024
£

Mr G D Cresswell

The loan is interest free with no fixed date of repayment.

(336)

2,804

2,468

Director's remuneration

The director's remuneration for the year was as follows:

2024
£

2023
£

Remuneration

6,598

7,740