Company Registration No. 12827074 (England and Wales)
Tommy's Tubz Hot Tub Hire LTD
Unaudited accounts
for the year ended 31 July 2023
Tommy's Tubz Hot Tub Hire LTD
Unaudited accounts
Contents
Tommy's Tubz Hot Tub Hire LTD
Company Information
for the year ended 31 July 2023
Company Number
12827074 (England and Wales)
Registered Office
154 Burnley Road
Todmorden
West yorkshire
OL14 5LB
Accountants
Small Business Accountancy
18 Stoney Hill
Rastrick
Brighouse
West Yorkshire
HD6 3BP
Tommy's Tubz Hot Tub Hire LTD
Statement of financial position
as at 31 July 2023
Tangible assets
12,264
13,155
Cash at bank and in hand
370
984
Creditors: amounts falling due within one year
(18,883)
(14,639)
Net current liabilities
(14,765)
(9,403)
Total assets less current liabilities
(2,501)
3,752
Creditors: amounts falling due after more than one year
(3,544)
(6,379)
Net liabilities
(6,045)
(2,627)
Called up share capital
1
1
Profit and loss account
(6,046)
(2,628)
Shareholders' funds
(6,045)
(2,627)
For the year ending 31 July 2023 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 director acknowledges his 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. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 2 October 2023 and were signed on its behalf by
Nathan Lord
Director
Company Registration No. 12827074
Tommy's Tubz Hot Tub Hire LTD
Notes to the Accounts
for the year ended 31 July 2023
Tommy's Tubz Hot Tub Hire LTD is a private company, limited by shares, registered in England and Wales, registration number 12827074. The registered office is 154 Burnley Road, Todmorden, West yorkshire, OL14 5LB.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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:
Plant & machinery
25% reducing balance
Motor vehicles
20% reducing balance
Computer equipment
25% reducing balance
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period.
Tommy's Tubz Hot Tub Hire LTD
Notes to the Accounts
for the year ended 31 July 2023
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 August 2022
5,661
14,398
1,003
21,062
At 31 July 2023
8,235
14,398
1,003
23,636
At 1 August 2022
2,421
5,057
429
7,907
Charge for the year
1,453
1,868
144
3,465
At 31 July 2023
3,874
6,925
573
11,372
At 31 July 2023
4,361
7,473
430
12,264
At 31 July 2022
3,240
9,341
574
13,155
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Motor vehicles
7,473
9,341
Amounts falling due within one year
Deferred tax asset
1,418
617
6
Creditors: amounts falling due within one year
2023
2022
Obligations under finance leases and hire purchase contracts
2,836
2,836
Loans from directors
15,237
10,822
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
3,544
6,379
Tommy's Tubz Hot Tub Hire LTD
Notes to the Accounts
for the year ended 31 July 2023
8
Deferred taxation
2023
2022
Accelerated capital allowances
(1,152)
(617)
Tax losses carried forward
(266)
-
Provision at start of year
(617)
192
Credited to the profit and loss account
(801)
(809)
Provision at end of year
(1,418)
(617)
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
10
Transactions with related parties
The company is in receipt of a loan for the amount of £15,237.00 from a member of key management personnel. The loan is payable on demand and the rate of interest charged is 0%. At the balance sheet date, the loan was still outstanding and is presented within creditors: amounts falling due within one year.
11
Average number of employees
During the year the average number of employees was 0 (2022: 0).