P E Tinsley Builders Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 04770942 (England and Wales)

P E TINSLEY BUILDERS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

P E Tinsley

SECRETARY:

Mrs H J Lawrence - Tinsley

REGISTERED OFFICE:

167 Turners Hill

Cheshunt

Hertfordshire

EN8 9BH

REGISTERED NUMBER:

04770942 (England and Wales)

ACCOUNTANTS:

Brindley Jacob

Chartered Accountants

167 Turners Hill

Cheshunt

Hertfordshire

EN8 9BH

FIXED ASSETS

Intangible assets

4

25,000

25,000

Tangible assets

5

26,169

22,689

51,169

47,689

CURRENT ASSETS

Stocks

6,750

15,000

Debtors

400

400

Cash at bank and in hand

70,166

45,191

77,316

60,591

CREDITORS

Amounts falling due within one year

85,949

69,357

NET CURRENT LIABILITIES

(8,633

)

(8,766

)

TOTAL ASSETS LESS CURRENT LIABILITIES

42,536

38,923

CREDITORS

Amounts falling due after more than one year

31,656

41,656

NET ASSETS/(LIABILITIES)

10,880

(2,733

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

10,780

(2,833

)

SHAREHOLDERS' FUNDS

10,880

(2,733

)

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

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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 May 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 February 2024 and were signed by:

P E Tinsley - Director

1.	STATUTORY INFORMATION

P E Tinsley Builders 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

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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

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.

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 etc

-

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

3.	EMPLOYEES AND DIRECTORS

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

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 June 2022

and 31 May 2023

25,000

NET BOOK VALUE

At 31 May 2023

25,000

At 31 May 2022

25,000

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 June 2022

120,586

Additions

18,246

Disposals

(10,745

)

At 31 May 2023

128,087

DEPRECIATION

At 1 June 2022

97,897

Charge for year

8,722

Eliminated on disposal

(4,701

)

At 31 May 2023

101,918

NET BOOK VALUE

At 31 May 2023

26,169

At 31 May 2022

22,689