Tallyns Limited Filleted Accounts Cover
Tallyns Limited
Company No. 15013297
Information for Filing with The Registrar
31 July 2024
Tallyns Limited Balance Sheet Registrar
at
31 July 2024
Company No.
15013297
Notes
2024
£
Fixed assets
Tangible assets
4
50,000
50,000
Current assets
Debtors
5
4,194
4,194
Creditors: Amount falling due within one year
6
(75,653)
Net current liabilities
(71,459)
Total assets less current liabilities
(21,459)
Net liabilities
(21,459)
Capital and reserves
Called up share capital
10
Profit and loss account
8
(21,469)
Total equity
(21,459)
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the period ended 31 July 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 11 April 2025 and signed on its behalf by:
G.R.B. Wrey
Director
11 April 2025
Tallyns Limited Notes to the Accounts Registrar
for the period ended 31 July 2024
1
General information
Tallyns Limited is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 15013297
Its registered office is:
Hollamoor Farm
Tawstock
Barnstaple
Devon
EX31 3NY
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2
Accounting policies
Judgements and key sources of estimation uncertainty
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. These estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and the future periods where the revision affects both current and future periods.
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Provisions
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the balance sheet.
3
Employees
2024
Number
The average monthly number of employees (including directors) during the period:
0
4
Tangible fixed assets
Land and buildings
Total
£
£
Cost or revaluation
Additions
50,00050,000
At 31 July 2024
50,00050,000
Depreciation
Net book values
At 31 July 2024
50,00050,000
5
Debtors
2024
£
VAT recoverable
4,194
4,194
6
Creditors:
amounts falling due within one year
2024
£
Loans from directors
75,153
Accruals and deferred income
500
75,653
7
Share Capital
The company has full paid one ordinary A shares and nine ordinary B shares of £1 each.
8
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
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