Company Registration No. 7794986 (England and Wales)
Tyr Solutions Limited
Unaudited accounts
for the year ended 31 August 2016
Tyr Solutions Limited
Unaudited accounts
Contents
Tyr Solutions Limited
Company Information
for the year ended 31 August 2016
Directors
Steve Cook
Sharon Francis
Company Number
7794986 (England and Wales)
Registered Office
The Bower
Norton Canon
Hereford
Herefordshire
HR4 7BH
Tyr Solutions Limited
Statement of financial position
as at
31 August 2016
Tangible assets
1,144
1,429
Inventories
10,415
10,280
Cash at bank and in hand
2,470
16,059
Creditors: amounts falling due within one year
(18,665)
(15,333)
Net current assets
7,580
36,657
Profit and loss account
8,722
38,084
Shareholders' funds
8,724
38,086
For the year ending 31 August 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities.
Approved by the Board on 20 May 2017.
Steve Cook
Director
Company Registration No. 7794986
Tyr Solutions Limited
Notes to the Accounts
for the year ended 31 August 2016
Tyr Solutions Limited is a private company, limited by shares, registered in England and Wales, registration number 7794986. The registered office and principal place of business is The Bower, Norton Canon, Hereford, Herefordshire, HR4 7BH.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 August 2016 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 September 2014.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Tyr Solutions Limited
Notes to the Accounts
for the year ended 31 August 2016
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 September 2015
743
1,623
2,366
At 31 August 2016
643
1,623
2,266
At 1 September 2015
241
696
937
Charge for the year
-
185
185
At 31 August 2016
241
881
1,122
At 31 August 2016
402
742
1,144
At 31 August 2015
502
927
1,429
Raw materials
10,415
10,280
Trade debtors
6,085
22,556
Other debtors
7,275
3,095
7
Creditors: amounts falling due within one year
2016
2015
Bank loans and overdrafts
2,744
2,353
Trade creditors
1,650
8,277
Other taxes and social security costs
6,743
1,812
Other creditors
4,117
4,258
Loans from directors
2,476
(2,312)
8
Average number of employees
During the year the average number of employees was 0 (2015: 0).