Ty-Canol Restorations Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 05344369

Ty-Canol Restorations Limited

Filleted Unaudited Financial Statements

31 December 2024

Ty-Canol Restorations Limited

Statement of Financial Position

31 December 2024

	2024		2023
Note	£	£	£

Fixed assets

Tangible assets	5		10,587	12,184

Current assets

Stocks		24,152	23,866
Debtors	6	8,278	8,995
Cash at bank and in hand		133	77
		--------	--------
		32,563	32,938

Creditors: amounts falling due within one year	7	57,051		61,996
		--------		--------
Net current liabilities			24,488	29,058
			--------	--------
Total assets less current liabilities			( 13,901)	( 16,874)
			--------	--------
Net liabilities			( 13,901)	( 16,874)
			--------	--------

Capital and reserves

Called up share capital	1	1
Profit and loss account	( 13,902)	( 16,875)
	--------	--------
Shareholders deficit	( 13,901)	( 16,874)
	--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Ty-Canol Restorations Limited

Statement of Financial Position (continued)

31 December 2024

These financial statements were approved by the board of directors and authorised for issue on 3 September 2025 , and are signed on behalf of the board by:

Mr W D Crook

Director

Company registration number: 05344369

Ty-Canol Restorations Limited

Notes to the Financial Statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 1 Lamorna Court, 43 Wollaton Road, Beeston, Nottingham, NG9 2NG.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity. The accounts have been prepared on a going concern basis and are subject to the continued support of the directors.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Computer equipment	-	25% reducing balance
Fixtures and fittings	-	20% reducing balance
Motor vehicles	-	25% reducing balance
Plant and machinery	-	20% reducing balance

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).

5. Tangible assets

	Workshop alterations	Computer equipment	Fixtures and fittings	Motor vehicles	Plant and machinery	Total
	£	£	£	£	£	£
Cost
At 1 Jan 2024 and 31 Dec 2024	5,210	5,088	1,967	5,000	18,185	35,450
	------	------	------	------	--------	--------
Depreciation
At 1 Jan 2024	–	4,826	1,865	1,250	15,325	23,266
Charge for the year	–	66	21	938	572	1,597
	------	------	------	------	--------	--------
At 31 Dec 2024	–	4,892	1,886	2,188	15,897	24,863
	------	------	------	------	--------	--------
Carrying amount
At 31 Dec 2024	5,210	196	81	2,812	2,288	10,587
	------	------	------	------	--------	--------
At 31 Dec 2023	5,210	262	102	3,750	2,860	12,184
	------	------	------	------	--------	--------

6. Debtors

	2024	2023
	£	£
Trade debtors	5,762	6,194
Other debtors	2,516	2,801
	------	------
	8,278	8,995
	------	------

7. Creditors: amounts falling due within one year

	2024	2023
	£	£
Bank loans and overdrafts	252	–
Trade creditors	77	5,529
Social security and other taxes	488	839
Other creditors	56,234	55,628
	--------	--------
	57,051	61,996
	--------	--------