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Company Registration No. 11250177 (England and Wales)
Teign Consulting & Surveying Limited Unaudited accounts for the year ended 31 May 2024
Teign Consulting & Surveying Limited Unaudited accounts Contents
Page
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Teign Consulting & Surveying Limited Company Information for the year ended 31 May 2024
Directors
Mr P Brown Mr A Johns
Company Number
11250177 (England and Wales)
Registered Office
Unit 29 Dart Mills Old Totnes Road Buckfastleigh TQ11 0NF England
Accountants
PBS Accounting Limited 11 Longmeadow Close Plympton Plymouth Devon PL7 4JG
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Teign Consulting & Surveying Limited Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
16,510 
22,212 
Current assets
Debtors
47,362 
55,046 
Cash at bank and in hand
119,414 
140,208 
166,776 
195,254 
Creditors: amounts falling due within one year
(77,138)
(78,247)
Net current assets
89,638 
117,007 
Total assets less current liabilities
106,148 
139,219 
Creditors: amounts falling due after more than one year
(10,000)
(20,000)
Provisions for liabilities
Deferred tax
(4,127)
(4,339)
Net assets
92,021 
114,880 
Capital and reserves
Called up share capital
20 
20 
Profit and loss account
92,001 
114,860 
Shareholders' funds
92,021 
114,880 
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 26 February 2025 and were signed on its behalf by
Mr P Brown Director Company Registration No. 11250177
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Teign Consulting & Surveying Limited Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
Teign Consulting & Surveying Limited is a private company, limited by shares, registered in England and Wales, registration number 11250177. The registered office is Unit 29 Dart Mills, Old Totnes Road, Buckfastleigh, TQ11 0NF, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance
Fixtures & fittings
20% reducing balance
Computer equipment
33.33% straight line
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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Teign Consulting & Surveying Limited Notes to the Accounts for the year ended 31 May 2024
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 June 2023
18,978 
5,991 
15,480 
40,449 
Additions
- 
647 
1,166 
1,813 
Disposals
- 
- 
(2,009)
(2,009)
At 31 May 2024
18,978 
6,638 
14,637 
40,253 
Depreciation
At 1 June 2023
5,595 
2,705 
9,937 
18,237 
Charge for the year
2,676 
713 
2,552 
5,941 
On disposals
- 
- 
(435)
(435)
At 31 May 2024
8,271 
3,418 
12,054 
23,743 
Net book value
At 31 May 2024
10,707 
3,220 
2,583 
16,510 
At 31 May 2023
13,383 
3,286 
5,543 
22,212 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
28,618 
41,640 
Accrued income and prepayments
8,133 
8,406 
Other debtors
10,611 
5,000 
47,362 
55,046 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,000 
10,000 
VAT
10,650 
32,534 
Trade creditors
3,984 
792 
Taxes and social security
48,097 
31,708 
Other creditors
209 
482 
Accruals
4,198 
2,731 
77,138 
78,247 
Creditors due within one year includes a small business bounce back loan of £10,000 (2023: £10,000)
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Teign Consulting & Surveying Limited Notes to the Accounts for the year ended 31 May 2024
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
10,000 
20,000 
Creditors due after one year includes the balance of a small business bounce back loan of £10,000 (2023: £20,000).
8
Operating lease commitments
2024 
2023 
£ 
£ 
At 31 May 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
16,732 
25,080 
Later than one year and not later than five years
18,127 
35,555 
34,859 
60,635 
9
Transactions with related parties
During the year under review, included within other debtors, the company is owed £10,611 (2023: £5,000) by Teign Construction Solutions Ltd. A company held under joint control of the directors and shareholders. This loan is interest free and is repayable on demand when cashflow allows.
10
Average number of employees
During the year the average number of employees was 4 (2023: 4).
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