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REGISTERED NUMBER: 04630147 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 January 2025

for

Tyersal Pallets Limited

Tyersal Pallets Limited (Registered number: 04630147)






Contents of the Financial Statements
for the Year Ended 29 January 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Tyersal Pallets Limited

Company Information
for the Year Ended 29 January 2025







DIRECTORS: Mrs. S M Scully
Mr M J Scully





SECRETARY: Ms J M Scully





REGISTERED OFFICE: Abacus House
Pennine Business Park
Longbow Close
Huddersfield
West Yorkshire
HD2 1GQ





REGISTERED NUMBER: 04630147 (England and Wales)





ACCOUNTANTS: Crowther Chartered Accountants
Abacus House
Pennine Business Park
Longbow Close
Huddersfield
West Yorkshire
HD2 1GQ

Tyersal Pallets Limited (Registered number: 04630147)

Balance Sheet
29 January 2025

29.1.25 29.1.24
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 38,467 25,829

CURRENT ASSETS
Stocks 5 2,300 2,200
Debtors 6 327,247 435,646
Cash at bank and in hand 388,510 701,588
718,057 1,139,434
CREDITORS
Amounts falling due within one year 7 (134,263 ) 203,329
NET CURRENT ASSETS 852,320 936,105
TOTAL ASSETS LESS CURRENT
LIABILITIES

890,787

961,934

PROVISIONS FOR LIABILITIES 9,616 6,457
NET ASSETS 881,171 955,477

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 881,167 955,473
SHAREHOLDERS' FUNDS 881,171 955,477

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 January 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Tyersal Pallets Limited (Registered number: 04630147)

Balance Sheet - continued
29 January 2025


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 March 2025 and were signed on its behalf by:





Mrs. S M Scully - Director


Tyersal Pallets Limited (Registered number: 04630147)

Notes to the Financial Statements
for the Year Ended 29 January 2025

1. STATUTORY INFORMATION

Tyersal Pallets Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2024 - 11 ) .

Tyersal Pallets Limited (Registered number: 04630147)

Notes to the Financial Statements - continued
for the Year Ended 29 January 2025

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£ £ £ £ £
COST
At 30 January 2024 2,599 1,475 93,500 383 97,957
Additions 690 - 19,995 - 20,685
At 29 January 2025 3,289 1,475 113,495 383 118,642
DEPRECIATION
At 30 January 2024 2,081 705 69,186 156 72,128
Charge for year 112 116 7,744 75 8,047
At 29 January 2025 2,193 821 76,930 231 80,175
NET BOOK VALUE
At 29 January 2025 1,096 654 36,565 152 38,467
At 29 January 2024 518 770 24,314 227 25,829

Included above is an asset held under hire purchase, the NBV of the asset at the balance sheet date was £10,204 (2023-£13,605) and depreciation charge for the year £3,401 (2023-£4,535).

5. STOCKS
29.1.25 29.1.24
£ £
Stocks 2,300 2,200

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.1.25 29.1.24
£ £
Trade debtors 233,129 213,519
Directors' loan accounts 85,999 214,866
Prepayments 8,119 7,261
327,247 435,646

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.1.25 29.1.24
£ £
Hire purchase contracts - 4,333
Trade creditors 434 139
Advances from factoring company (213,925 ) 72,549
Tax 43,183 67,919
Social security and other tax (495 ) (1,489 )
Pension liability 305 89
VAT 35,598 59,624
Other creditors 637 165
(134,263 ) 203,329

Tyersal Pallets Limited (Registered number: 04630147)

Notes to the Financial Statements - continued
for the Year Ended 29 January 2025

8. SECURED DEBTS

The following secured debts are included within creditors:

29.1.25 29.1.24
£ £

Cattles Invoice Finance Limited by way of a fixed charge all specified debts and other.

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the periods ended 29 January 2025 and 29 January 2024:
29.01.2529.01.24
££
Director 1
Balance outstanding at start of year214,86610,811
Amounts advanced104,701617,824
Amounts repaid(235,003)(413,768)
Balance outstanding at end of year84,564214,866

10. RELATED PARTY DISCLOSURES

The controlling party is Mrs. S M Scully.