REGISTERED NUMBER: 02727285 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2025

for

P Tyler Associates Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs L Tyler

S Tyler

Ms S Tyler

REGISTERED OFFICE:

6 Woodfield Road

Welwyn Garden City

Hertfordshire

AL7 1JQ

REGISTERED NUMBER:

02727285 (England and Wales)

ACCOUNTANTS:

Bracey's Accountants (Hitchin) Limited

Unit 1 The Cam Centre

Wilbury Way

Hitchin

Hertfordshire

SG4 0TW

FIXED ASSETS

Intangible assets

4

8,646

3,750

Tangible assets

5

42,926

41,189

51,572

44,939

CURRENT ASSETS

Stocks

340,000

396,542

Debtors

6

97,148

76,121

Cash at bank and in hand

10,837

41,502

447,985

514,165

CREDITORS

Amounts falling due within one year

7

256,973

297,028

NET CURRENT ASSETS

191,012

217,137

TOTAL ASSETS LESS CURRENT LIABILITIES

242,584

262,076

CREDITORS

Amounts falling due after more than one year

8

(85,624

)

(102,378

)

PROVISIONS FOR LIABILITIES

(9,798

)

(8,539

)

NET ASSETS

147,162

151,159

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

147,062

151,059

147,162

151,159

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 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.

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 Statement of Profit and Loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 July 2026 and were signed on its behalf by:

S Tyler - Director

Ms S Tyler - Director

1.	STATUTORY INFORMATION

P Tyler Associates Limited 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

Statement of compliance

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.

Basis of preparing the financial statements

These financial statements have been prepared using the historical cost convention.

Judgements

The preparation of the financial statements requires management to make judgements, estimates and

assumptions that affect the amounts reported. These estimates and judgements are continually reviewed

and are based on experience and other factors, including expectations of future events that are believed

to be reasonable under the circumstances.

Revenue recognition

The company recognises revenue when:

The amount of revenue can be reliably measured;

it is probable that future economic benefits will flow to the entity;

and specific criteria have been met for each of the company's activities.

Going concern

The financial statements have been prepared on a going concern basis.

Government grants

Grants relating to revenue are recognised in income on a systematic basis over the periods in which the

business recognises related costs which the grant is intended to compensate.

A grant that becomes receivable as compensation for expenses or losses already incurred or for the

purpose of giving immediate financial support to the entity with no future related costs shall be recognised

in income in the period in which it becomes receivable.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

10% on reducing balance

Fixtures and fittings

-

12.5% on Reducing balance

Motor vehicles

-

10% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Stocks 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 Statement of Profit and Loss, 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the

ordinary course of business.

Trade debtors are recognised at the transaction price.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary

course of business from suppliers. Accounts payable are classified as current liabilities if the company

does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor

for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for

at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised at the transaction price.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or

other resources received or receivable, net of the direct costs of issuing the equity instruments. If

payment is deferred and the time value of money is material, the initial measurement is on a present

value basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - 15 ).

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2025

6,240

Additions

7,000

At 31 December 2025

13,240

AMORTISATION

At 1 January 2025

2,490

Charge for year

2,104

At 31 December 2025

4,594

NET BOOK VALUE

At 31 December 2025

8,646

At 31 December 2024

3,750

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2025

159,149

45,503

60,870

11,455

276,977

Additions

4,535

-

-

2,332

6,867

At 31 December 2025

163,684

45,503

60,870

13,787

283,844

DEPRECIATION

At 1 January 2025

135,929

39,812

52,339

7,708

235,788

Charge for year

2,445

711

853

1,121

5,130

At 31 December 2025

138,374

40,523

53,192

8,829

240,918

NET BOOK VALUE

At 31 December 2025

25,310

4,980

7,678

4,958

42,926

At 31 December 2024

23,220

5,691

8,531

3,747

41,189

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

96,511

74,630

Other debtors

637

1,491

97,148

76,121

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

36,612

34,023

Trade creditors

157,102

186,832

Taxation and social security

20,037

30,724

Other creditors

43,222

45,449

256,973

297,028

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

73,173

92,547

Other creditors

12,451

9,831

85,624

102,378

9.	RELATED PARTY DISCLOSURES

During the year, total dividends of £3,125 (2024 - £3,125) were paid to the directors .

At the balance sheet date, the directors were owed £37,489 (2024: 39,821). There is no interest being charge and the loans are payable on demand.

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is P Tyler.