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Company Registration No. 08785246 (England and Wales)
Tyrone Gargan Builders Limited Unaudited accounts for the year ended 31 October 2024
Tyrone Gargan Builders Limited Unaudited accounts Contents
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Tyrone Gargan Builders Limited Company Information for the year ended 31 October 2024
Director
Tyrone Gargan
Company Number
08785246 (England and Wales)
Registered Office
129 Belvoir Road Coalville Leicestershire LE67 3PJ England
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Tyrone Gargan Builders Limited Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,186 
1,582 
Current assets
Debtors
6,205 
3,924 
Cash at bank and in hand
39,196 
44,432 
45,401 
48,356 
Creditors: amounts falling due within one year
(20,480)
(22,323)
Net current assets
24,921 
26,033 
Net assets
26,107 
27,615 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
26,007 
27,515 
Shareholders' funds
26,107 
27,615 
For the year ending 31 October 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 director acknowledges his 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 and authorised for issue on 27 May 2025 and were signed on its behalf by
Tyrone Gargan Director Company Registration No. 08785246
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Tyrone Gargan Builders Limited Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
Tyrone Gargan Builders Limited is a private company, limited by shares, registered in England and Wales, registration number 08785246. The registered office is 129 Belvoir Road, Coalville, Leicestershire, LE67 3PJ, 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 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.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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:
Motor vehicles
25% per annum
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Tyrone Gargan Builders Limited Notes to the Accounts for the year ended 31 October 2024
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 November 2023
5,000 
At 31 October 2024
5,000 
Depreciation
At 1 November 2023
3,418 
Charge for the year
396 
At 31 October 2024
3,814 
Net book value
At 31 October 2024
1,186 
At 31 October 2023
1,582 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
6,205 
3,924 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
5,468 
4,922 
VAT
4,198 
3,776 
Trade creditors
2,709 
1,847 
Taxes and social security
6,920 
10,319 
Loans from directors
260 
534 
Accruals
925 
925 
20,480 
22,323 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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