Tett Whiteman & Co Ltd - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 12086928 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 OCTOBER 2022 TO 31 MARCH 2023

FOR

TETT WHITEMAN & CO LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

A P Tett

REGISTERED OFFICE:

1 The Brimbles

Filton

Bristol

BS7 0RU

REGISTERED NUMBER:

12086928 (England and Wales)

ACCOUNTANTS:

Gordon Wood Scott & Partners Limited

Chartered Accountants

Dean House

94 Whiteladies Road

Clifton

Bristol

BS8 2QX

FIXED ASSETS

Tangible assets

4

252

288

CURRENT ASSETS

Debtors

5

2,361,149

2,331,995

Cash at bank

42,077

106,992

2,403,226

2,438,987

CREDITORS

Amounts falling due within one year

6

(510,832

)

(558,046

)

NET CURRENT ASSETS

1,892,394

1,880,941

TOTAL ASSETS LESS CURRENT LIABILITIES

1,892,646

1,881,229

PROVISIONS FOR LIABILITIES

(63

)

(72

)

NET ASSETS

1,892,583

1,881,157

CAPITAL AND RESERVES

Called up share capital

7

1,835,550

1,835,550

Retained earnings

57,033

45,607

SHAREHOLDERS' FUNDS

1,892,583

1,881,157

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 4 July 2023 and were signed by:

A P Tett - Director

1.	STATUTORY INFORMATION

Tett Whiteman & Co Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 period 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2022 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 October 2022

and 31 March 2023

528

DEPRECIATION

At 1 October 2022

240

Charge for period

36

At 31 March 2023

276

NET BOOK VALUE

At 31 March 2023

252

At 30 September 2022

288

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

30.9.22

£

£

Other debtors

2,361,149

2,331,995

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

30.9.22

£

£

Trade creditors

-

1,812

Taxation and social security

11,259

15,121

Other creditors

499,573

541,113

510,832

558,046

7.	CALLED UP SHARE CAPITAL

Allotted, Called Up and Fully Paid:

Number:

Class:

Nominal

30.9.21

30.9.20

Value

£

£

100

A Ordinary

£0.10

100

100

100

B Ordinary

£0.10

100

100

100

C Ordinary

£0.10

100

100

917,760

D Redeemable

£1.00

917,760

917,760

917,760

E Redeemable

£1.00

917,760

917,760

Total

1,835,550

1,835,550

The A Ordinary shares carry voting rights, but no participation rights other than to receive par value on a winding up. The B & C Ordinary shares carry no voting rights, but enjoy full participation rights.

The D & E Redeemable shares carry no voting rights, but may participate in dividends and are entitled to receive par value on a winding up. The company has the right to redeemed the shares at any time.

8.	RELATED PARTY DISCLOSURES