TYRRELL GROUP LTD - Filleted accounts

TYRRELL GROUP LTD - Filleted accounts

TYRRELL GROUP LIMITED - Company Information

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Registered number
04184042
TYRRELL GROUP LTD
Filleted Accounts
31 March 2020
TYRRELL GROUP LTD
Registered number: 04184042
Balance Sheet
as at 31 March 2020
Notes 2020 2019
£ £
Fixed assets
Tangible assets 3 - -
Investments 4 150,500 150,500
150,500 150,500
Current assets
Stocks 10,000 10,000
Debtors 5 23,981 32,096
Cash at bank and in hand 76,710 71,853
110,691 113,949
Creditors: amounts falling due within one year 6 (192,457) (193,052)
Net current liabilities (81,766) (79,103)
Total assets less current liabilities 68,734 71,397
Net assets 68,734 71,397
Capital and reserves
Called up share capital 150,000 150,000
Profit and loss account (81,266) (78,603)
Shareholders' funds 68,734 71,397
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
Mr D G Blake
Director
Approved by the board on 9 February 2021
TYRRELL GROUP LTD
Notes to the Accounts
for the year ended 31 March 2020
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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2020 2019
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 April 2019 - 21 - 21
Additions - - - -
Surplus on revaluation - - - -
Disposals - - - -
At 31 March 2020 - 21 - 21
Depreciation
At 1 April 2019 - 21 - 21
Charge for the year - - - -
Surplus on revaluation - - - -
On disposals - - - -
At 31 March 2020 - 21 - 21
Net book value
At 31 March 2020 - - - -
At 31 March 2019 - - - -
4 Investments
Investments in
subsidiary Other
undertakings investments Total
£ £ £
Cost
At 1 April 2019 150,500 - 150,500
Additions - - -
Revaluation - - -
Disposals - - -
At 31 March 2020 150,500 - 150,500
Historical cost
At 1 April 2019 160,000 -
At 31 March 2020 160,000 -
5 Debtors 2020 2019
£ £
Trade debtors - -
Amounts owed by group undertakings and undertakings in which the company has a participating interest - -
Other debtors 23,981 32,096
23,981 32,096
6 Creditors: amounts falling due within one year 2020 2019
£ £
Trade creditors - 2,561
Amounts owed to group undertakings and undertakings in which the company has a participating interest 188,322 190,465
Taxation and social security costs 3,635 (474)
Other creditors 500 500
192,457 193,052
7 Related party transactions
The company waived loans to the directors amounting to £26,000 in the year
8 Directors advances and guarantees
At 01/04/2019 Repaid At 31/03/2020
Mr and Mrss D Blake 25,407 6,524 18,883
7 Other information
TYRRELL GROUP LTD is a private company limited by shares and incorporated in England. Its registered office is:
Unit 1a Factory 2
Phoenix Park
Chickenhall Lane
Eastleigh
SO50 6PQ
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