Tyler-James Pet Supplies Ltd Filleted accounts for Companies House (small and micro)

TYLER-JAMES PET SUPPLIES LTD - Company Information

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COMPANY REGISTRATION NUMBER: 09088766

Tyler-James Pet Supplies Ltd

Filleted Unaudited Financial Statements

30 June 2021

Tyler-James Pet Supplies Ltd

Statement of Financial Position

30 June 2021

	2021		2020
Note	£	£	£

Fixed assets

Tangible assets	5		6,033	7,098

Current assets

Stocks		23,000	18,000
Debtors	6	45,405	21,964
Cash at bank and in hand		20,007	33,234
		--------	--------
		88,412	73,198

Creditors: amounts falling due within one year	7	62,788		66,699
		--------		--------
Net current assets			25,624	6,499
			--------	--------
Total assets less current liabilities			31,657	13,597

Creditors: amounts falling due after more than one year	8	( 533)	( 533)
		--------	--------
Net assets		32,190	14,130
		--------	--------

Capital and reserves

Called up share capital	100	100
Profit and loss account	32,090	14,030
	--------	--------
Shareholders funds	32,190	14,130
	--------	--------

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 30 June 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Tyler-James Pet Supplies Ltd

Statement of Financial Position (continued)

30 June 2021

These financial statements were approved by the board of directors and authorised for issue on 29 March 2022 , and are signed on behalf of the board by:

Mr J Mulligan
Director

Company registration number: 09088766

Tyler-James Pet Supplies Ltd

Notes to the Financial Statements

Year ended 30 June 2021

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 7 Moorhead Lane, Shipley, West Yorkshire, BD18 4JH.

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.

Tangible assets

Tangible assets are initially recorded at cost, and 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 equity, 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 equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity 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:

Plant and machinery	-	15% reducing balance
Motor vehicles	-	15% reducing balance
Equipment	-	15% 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 3 (2020: 4 ).

5. Tangible assets

	Plant and machinery	Motor vehicles	Equipment	Total
	£	£	£	£
Cost
At 1 July 2020 and 30 June 2021	4,000	14,460	304	18,764
	-------	--------	----	--------
Depreciation
At 1 July 2020	2,491	9,006	169	11,666
Charge for the year	227	818	20	1,065
	-------	--------	----	--------
At 30 June 2021	2,718	9,824	189	12,731
	-------	--------	----	--------
Carrying amount
At 30 June 2021	1,282	4,636	115	6,033
	-------	--------	----	--------
At 30 June 2020	1,509	5,454	135	7,098
	-------	--------	----	--------

6. Debtors

	2021	2020
	£	£
Trade debtors	40,909	17,800
Other debtors	4,496	4,164
	--------	--------
	45,405	21,964
	--------	--------

7. Creditors: amounts falling due within one year

	2021	2020
	£	£
Trade creditors	26,939	25,350
Corporation tax	7,301	4,043
Social security and other taxes	5,853	4,591
Pension Creditor	–	245
Other creditors	22,695	32,470
	--------	--------
	62,788	66,699
	--------	--------

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

	2021	2020
	£	£
Other creditors	( 533)	( 533)
	----	----

9. Director's advances, credits and guarantees

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

	2021
	Balance brought forward	Advances/ (credits) to the director	Amounts repaid	Balance outstanding
	£	£	£	£
Mr J Mulligan	( 30,920)	( 56,469)	65,994	( 21,395)
	--------	--------	--------	--------

	2020
	Balance brought forward	Advances/ (credits) to the director	Amounts repaid	Balance outstanding
	£	£	£	£
Mr J Mulligan	( 15,296)	( 15,624)	–	( 30,920)
	--------	--------	----	--------

10. Related party transactions

The company was under the control of Mr Mulligan-Atmore throughout the current year. Mr Mulligan-Atmore is the majority shareholder.