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REGISTERED NUMBER: 07838532 (England and Wales)















Financial Statements

for the Year Ended 31 December 2024

for

T & V RHODES LTD.

T & V RHODES LTD. (REGISTERED NUMBER: 07838532)

Contents of the Financial Statements
for the Year Ended 31 December 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


T & V RHODES LTD.

Company Information
for the Year Ended 31 December 2024







DIRECTORS: T A Rhodes
V Rhodes





REGISTERED OFFICE: Jordans
Leeds Road
Collingham
Wetherby
LS22 5AA





REGISTERED NUMBER: 07838532 (England and Wales)





ACCOUNTANTS: Rawse, Varley & Co
Chartered Accountants
Lloyds Bank Chambers
Hustlergate
Bradford
BD1 1UQ

T & V RHODES LTD. (REGISTERED NUMBER: 07838532)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 39,760 44,860
Tangible assets 5 694 933
40,454 45,793

CURRENT ASSETS
Stock and work in progress 1,435 2,274
Debtors 6 218,318 40,361
Cash at bank 29,455 68,984
249,208 111,619
CREDITORS
Amounts falling due within one year 7 224,824 68,440
NET CURRENT ASSETS 24,384 43,179
TOTAL ASSETS LESS CURRENT
LIABILITIES

64,838

88,972

PROVISIONS FOR LIABILITIES 173 177
NET ASSETS 64,665 88,795

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 64,565 88,695
SHAREHOLDERS' FUNDS 64,665 88,795

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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.

T & V RHODES LTD. (REGISTERED NUMBER: 07838532)

Balance Sheet - continued
31 December 2024


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 31 July 2025 and were signed on its behalf by:




T A Rhodes - Director



V Rhodes - Director


T & V RHODES LTD. (REGISTERED NUMBER: 07838532)

Notes to the Financial Statements
for the Year Ended 31 December 2024


1. STATUTORY INFORMATION

T & V Rhodes Ltd. 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 comprises the sales value of goods and services supplied, exclusive of value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of businesses in 2011 and 2016, is being amortised evenly over their estimated useful life of twenty years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Equipment, fixtures and fittings - 25% on cost

Stocks
Stock and work in progress 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 makes contributions to directors' personal pension arrangements, which are charged to profit and loss accounts in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

T & V RHODES LTD. (REGISTERED NUMBER: 07838532)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 102,000
AMORTISATION
At 1 January 2024 57,140
Charge for year 5,100
At 31 December 2024 62,240
NET BOOK VALUE
At 31 December 2024 39,760
At 31 December 2023 44,860

5. TANGIBLE FIXED ASSETS
Equipment,
fixtures
and
fittings
£   
COST
At 1 January 2024 8,791
Additions 230
At 31 December 2024 9,021
DEPRECIATION
At 1 January 2024 7,858
Charge for year 469
At 31 December 2024 8,327
NET BOOK VALUE
At 31 December 2024 694
At 31 December 2023 933

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 216,973 39,996
Other debtors 1,345 365
218,318 40,361

T & V RHODES LTD. (REGISTERED NUMBER: 07838532)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 180,412 41,335
Taxation and social security 12,495 3,505
Other creditors 31,917 23,600
224,824 68,440