TI Accountancy Limited 31/03/2025 iXBRL

Company registration number: 08472699

TI Accountancy Limited

Unaudited filleted financial statements

31 March 2025

TI Accountancy Limited

Contents

Directors and other information

Balance sheet

Statement of changes in equity

Notes to the financial statements

TI Accountancy Limited

Directors and other information


	Directors	Ms Tracy Irwin
		Mrs Sarah Bradley
		Mrs Lucy Piechura
		Mr Christopher Belcher


	Company number	08472699


	Registered office	124 City Road
		London
		EC1V 2NX

TI Accountancy Limited

Profit and loss account

Year ended 31 March 2025

		2025	2024
	Note	£	£


Turnover		296,199	403,990
Cost of sales		( 110,476)	( 131,957)
		_______	_______
Gross profit		185,723	272,033

Administrative expenses		( 159,762)	( 289,906)
Other operating income		-	15,434
		_______	_______
Operating profit/(loss)		25,961	( 2,439)

Other interest receivable and similar income		382	750
Interest payable and similar expenses		( 5,253)	( 2,024)
Profit/(loss) before taxation		21,090	( 3,713)

Tax on profit/(loss)		( 3,296)	-
		_______	_______
Profit/(loss) for the financial year		17,794	( 3,713)
		_______	_______

All the activities of the company are from continuing operations.

Company registration number: 08472699

TI Accountancy Limited

Balance sheet

31 March 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Intangible assets	5	4,000		4,000
Tangible assets	6	1,379		1,869
		_______		_______
			5,379		5,869

Current assets
Debtors	7	77,393		97,361
Cash at bank and in hand		43,613		52,431
		_______		_______
		121,006		149,792
Creditors: amounts falling due
within one year	8	( 10,944)		( 42,778)
		_______		_______
Net current assets			110,062		107,014
			_______		_______
Total assets less current liabilities			115,441		112,883

Creditors: amounts falling due
after more than one year	9		( 33,757)		( 48,992)
			_______		_______
Net assets			81,684		63,891
			_______		_______

Capital and reserves
Called up share capital	10		1		1
Profit and loss account			81,683		63,890
			_______		_______
Shareholders funds			81,684		63,891
			_______		_______

For the year ending 31 March 2025 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.

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 Profit and loss account has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 29 December 2025 , and are signed on behalf of the board by:

Ms Tracy Irwin

Director

TI Accountancy Limited

Statement of changes in equity

Year ended 31 March 2025

	Called up share capital	Profit and loss account	Total
	£	£	£


At 1 April 2023	1	67,479	67,480

Profit/(loss) for the year		( 3,713)	( 3,713)
	_______	_______	_______
Total comprehensive income for the year	-	( 3,713)	( 3,713)

Dividends paid and payable		124	124
	_______	_______	_______
Total investments by and distributions to owners	-	124	124

	_______	_______	_______
At 31 March 2024 and 1 April 2024	1	63,889	63,890

Profit/(loss) for the year		17,794	17,794
	_______	_______	_______
Total comprehensive income for the year	-	17,794	17,794

	_______	_______	_______
At 31 March 2025	1	81,683	81,684
	_______	_______	_______

TI Accountancy Limited

Notes to the financial statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England & Wales. The address of the registered office is TI Accountancy Limited, 124 City Road, London, EC1V 2NX.

2. Statement of compliance

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

Going concern

Company has stop trading from 30th September 2024.

Turnover

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

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to profit or loss.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

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:


Fixtures & Fittings	-	10 %	straight line
Computer Equipment	-	25 %	straight line

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Ultimate Controlling Party

The company's ultimate controlling party is Tracy Irwin by virtue of her ownership.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 5 (2024: 7 ).

5. Intangible assets

	Goodwill	Total
	£	£
Cost
At 1 April 2024 and 31 March 2025	4,000	4,000
	_______	_______
Amortisation
At 1 April 2024 and 31 March 2025	-	-
	_______	_______
Carrying amount
At 31 March 2025	4,000	4,000
	_______	_______
At 31 March 2024	4,000	4,000
	_______	_______

6. Tangible assets

	Fixtures, fittings and equipment	Computer Equipments	Total
	£	£	£
Cost
At 1 April 2024 and 31 March 2025	2,786	18,392	21,178
	_______	_______	_______
Depreciation
At 1 April 2024	2,190	17,119	19,309
Charge for the year	66	424	490
	_______	_______	_______
At 31 March 2025	2,256	17,543	19,799
	_______	_______	_______
Carrying amount
At 31 March 2025	530	849	1,379
	_______	_______	_______
At 31 March 2024	596	1,273	1,869
	_______	_______	_______

7. Debtors

	2025	2024
	£	£
Trade debtors	21,174	45,267
Other debtors	56,219	52,094
	_______	_______
	77,393	97,361
	_______	_______

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	5,181	6,827
Corporation tax	3,296	-
Social security and other taxes	-	3,204
Other creditors	2,467	32,747
	_______	_______
	10,944	42,778
	_______	_______

9. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	33,757	48,992
	_______	_______

10. Called up share capital

Issued, called up and fully paid

	2025		2024
	No	£	No	£
Shares of £0.00001 each	118,345	1	118,345	1
	_______	_______	_______	_______

11. Directors advances, credits and guarantees

	During the year the directors entered into the following advances and credits with the company:

2025
		Balance brought forward	Advances /(credits) to the directors	Amounts repaid	Balance o/standing
		£	£	£	£
	Ms Tracy Irwin	( 11,689)	23,684	-	11,995
	Mrs Sarah Bradley	(1,936)	1,936	-	-
	Mrs Lucy Piechura	5,934	(5,934)	-	-
	Mr Christopher Belcher	9,669	(9,669)	-	-
		_______	_______	_______	_______
		1,978	10,017	-	11,995
		_______	_______	_______	_______

2024
		Balance brought forward	Advances /(credits) to the directors	Amounts repaid	Balance o/standing
		£	£	£	£
	Ms Tracy Irwin	( 199)	( 11,511)	21	(11,689)
	Mrs Sarah Bradley	(1,980)	(561)	605	(1,936)
	Mrs Lucy Piechura	5,894	(561)	601	5,934
	Mr Chistopher Belcher	9,629	(561)	601	9,669
		_______	_______	_______	_______
		13,344	( 13,194)	1,828	1,978
		_______	_______	_______	_______

12. Related Party Transactions

During the year £2,544 towards Audit & accountancy fees and £18,333 towards Commission paid to time freedom alchemist limited in which Ms Tracy Irwin is also director.