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
Tyrone Gargan Builders Limited
Company Information
for the year ended 31 October 2024
Company Number
08785246 (England and Wales)
Registered Office
129 Belvoir Road
Coalville
Leicestershire
LE67 3PJ
England
Tyrone Gargan Builders Limited
Statement of financial position
as at 31 October 2024
Tangible assets
1,186
1,582
Cash at bank and in hand
39,196
44,432
Creditors: amounts falling due within one year
(20,480)
(22,323)
Net current assets
24,921
26,033
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
Tyrone Gargan Builders Limited
Notes to the Accounts
for the year ended 31 October 2024
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.
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 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 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
Tyrone Gargan Builders Limited
Notes to the Accounts
for the year ended 31 October 2024
4
Tangible fixed assets
Motor vehicles
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
5,468
4,922
Trade creditors
2,709
1,847
Taxes and social security
6,920
10,319
Loans from directors
260
534
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).