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
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
Teign Consulting & Surveying Limited
Statement of financial position
as at 31 May 2024
Tangible assets
16,510
22,212
Cash at bank and in hand
119,414
140,208
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)
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
Teign Consulting & Surveying Limited
Notes to the Accounts
for the year ended 31 May 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 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.
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.
Teign Consulting & Surveying Limited
Notes to the Accounts
for the year ended 31 May 2024
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
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
At 31 May 2024
10,707
3,220
2,583
16,510
At 31 May 2023
13,383
3,286
5,543
22,212
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
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
10,000
10,000
Taxes and social security
48,097
31,708
Creditors due within one year includes a small business bounce back loan of £10,000 (2023: £10,000)
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
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
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).