| TINGLE ASHMORE LIMITED |
| Registered number: |
04985074 |
| Balance Sheet |
| as at 31 December 2024 |
|
| Notes |
|
|
2024 |
|
|
2023 |
| £ |
£ |
| Fixed assets |
| Intangible assets |
3 |
|
|
39 |
|
|
7,148 |
| Tangible assets |
4 |
|
|
5,322 |
|
|
2,052 |
|
|
|
|
5,361 |
|
|
9,200 |
|
| Current assets |
| Debtors |
5 |
|
57,897 |
|
|
82,829 |
| Cash at bank and in hand |
|
|
190,120 |
|
|
842,781 |
|
|
|
248,017 |
|
|
925,610 |
|
| Creditors: amounts falling due within one year |
6 |
|
(76,151) |
|
|
(282,553) |
|
| Net current assets |
|
|
|
171,866 |
|
|
643,057 |
|
| Total assets less current liabilities |
|
|
|
177,227 |
|
|
652,257 |
|
|
| Provisions for liabilities |
|
|
|
(1,300) |
|
|
(400) |
|
|
| Net assets |
|
|
|
175,927 |
|
|
651,857 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
30 |
|
|
100 |
| Capital redemption reserve |
|
|
|
70 |
|
|
- |
| Profit and loss account |
|
|
|
175,827 |
|
|
651,757 |
|
| Shareholder's funds |
|
|
|
175,927 |
|
|
651,857 |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| Brendan Ashmore |
| Director |
| Approved by the board on 24 September 2025 |
|
| TINGLE ASHMORE LIMITED |
| Notes to the Accounts |
| for the year ended 31 December 2024 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover consists of fees earned excluding value added tax. Uninvoiced work at the year end is included at the lower of chargeout rates to clients or net realisable value. |
|
|
Intangible fixed assets |
|
Purchased goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its estimated useful economic life of 10 years. Impairment reviews are carried out after the first full financial year following an acquisition and in other periods if events or changes in circumstances indicate that the carrying amount may not be recoverable. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are stated at cost less accumulated depreciation.
Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows: |
|
|
Office equipment |
20% - reducing balance basis |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). |
|
|
Taxation |
|
Current tax represents the amount of tax payable or receivable in respect of the taxable profit or loss for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. |
|
|
Leased assets |
|
Operating lease payments are recognised as an expense on a straight line basis over the lease term. |
|
|
Employee benefits |
|
When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.
The company operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable. |
|
|
| 2 |
Employees |
2024 |
|
2023 |
| Number |
Number |
|
|
Average number of persons employed by the company |
2 |
|
3 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Intangible fixed assets |
£ |
|
Goodwill: |
|
|
Cost |
|
At 1 January 2024 |
89,508 |
|
Disposals |
(210) |
|
At 31 December 2024 |
89,298 |
|
|
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 January 2024 |
82,360 |
|
Provided during the year |
7,105 |
|
On disposals |
(206) |
|
At 31 December 2024 |
89,259 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 December 2024 |
39 |
|
At 31 December 2023 |
7,148 |
|
|
|
|
|
|
|
|
|
|
|
|
| 4 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Plant and machinery etc |
| £ |
|
Cost |
|
At 1 January 2024 |
14,836 |
|
Additions |
6,148 |
|
Disposals |
(7,762) |
|
At 31 December 2024 |
13,222 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 January 2024 |
12,784 |
|
Charge for the year |
1,334 |
|
On disposals |
(6,218) |
|
At 31 December 2024 |
7,900 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 December 2024 |
5,322 |
|
At 31 December 2023 |
2,052 |
|
|
| 5 |
Debtors |
2024 |
|
2023 |
| £ |
£ |
|
|
Trade debtors |
53,110 |
|
76,463 |
|
Other debtors |
4,787 |
|
6,366 |
|
|
|
|
|
|
57,897 |
|
82,829 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due within one year |
2024 |
|
2023 |
| £ |
£ |
|
|
Trade creditors |
2,787 |
|
3,858 |
|
Taxation and social security costs |
37,654 |
|
26,428 |
|
Directors' loan accounts |
33,711 |
|
223,678 |
|
Other creditors |
1,999 |
|
28,589 |
|
|
|
|
|
|
76,151 |
|
282,553 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Other information |
|
|
TINGLE ASHMORE LIMITED is a private company limited by shares and incorporated in England. Its registered office is: |
|
Enterprise House |
|
Broadfield Court |
|
Sheffield |
|
S8 0XF |