TDC Associates Limited 31/03/2021 iXBRL
TDC Associates Limited 31/03/2021 iXBRL
Company registration number:
05043697
Trading as
Grassington Lodge
Contents
Directors and other information
Statement of financial position
Notes to the financial statements
Directors and other information
Directors |
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Secretary |
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Company number |
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Registered office |
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Business address |
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Accountants |
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Croft House | ||
Station Road | ||
Barnoldswick | ||
Lancashire | ||
BB18 5NA | ||
Statement of financial position
31 March 2021
2021 | 2020 | ||||||||
Note | £ | £ | £ | £ | |||||
Fixed assets | |||||||||
Intangible assets | 5 | - | - | ||||||
Tangible assets | 6 |
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Current assets | |||||||||
Debtors | 7 |
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Cash at bank and in hand |
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Creditors: amounts falling due | |||||||||
within one year | 8 |
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Net current liabilities |
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Total assets less current liabilities |
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Creditors: amounts falling due | |||||||||
after more than one year | 9 |
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Net liabilities |
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Capital and reserves | |||||||||
Called up share capital |
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Profit and loss account |
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Shareholders deficit |
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Directors responsibilities:
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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;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
23 December 2021
, and are signed on behalf of the board by:
Director
Company registration number:
05043697
Notes to the financial statements
Year ended 31 March 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 Grassington Lodge, Wood Lane, Grassington, North Yorkshire, BD23 5LU.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
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
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill | - |
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If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
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:
Freehold property | - |
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Fittings fixtures and equipment | - |
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Impairment
Financial instruments
Defined contribution plans
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
4
(2020:
6
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5.
Intangible assets
Goodwill | Total | ||
£ | £ | ||
Cost | |||
At 1 April 2020 and 31 March 2021 |
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Amortisation | |||
At 1 April 2020 and 31 March 2021 |
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Carrying amount | |||
At 31 March 2021 | - | - | |
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At 31 March 2020 | - | - | |
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6.
Tangible assets
Freehold property | Fixtures, fittings and equipment | Total | ||
£ | £ | £ | ||
Cost | ||||
At 1 April 2020 and 31 March 2021 |
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Depreciation | ||||
At 1 April 2020 |
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Charge for the year |
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At 31 March 2021 |
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Carrying amount | ||||
At 31 March 2021 |
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At 31 March 2020 |
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7.
Debtors
2021 | 2020 | |||
£ | £ | |||
Other debtors |
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8.
Creditors: amounts falling due within one year
2021 | 2020 | |||
£ | £ | |||
Bank loans and overdrafts |
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Corporation tax |
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Other creditors |
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9.
Creditors: amounts falling due after more than one year
2021 | 2020 | |||
£ | £ | |||
Bank loans and overdrafts |
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Included within creditors: amounts falling due after more than one year is an amount of £ 12,366
(2020 £ 21,573 ) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.
10.
Directors advances, credits and guarantees
The Directors provided loans to the company, interst was charged on part of these loans at 12.6%. The balance due to them at the year end was £454,464 (31 March 2020 - £488,598). This balance is included in creditors falling due within one year.