Terry Macey Limited - Period Ending 2021-07-31

Terry Macey Limited

Contents

Balance Sheet	1
Notes to the Unaudited Financial Statements	2

Terry Macey Limited

(Registration number: 04029900)
Balance Sheet as at 31 July 2021

		2021 £	2020 £
Fixed assets		18,441	25,883
Current assets		215,384	182,986
Prepayments and accrued income		4,950	10,739
Creditors: Amounts falling due within one year		(67,879)	(47,606)
Net current assets		152,455	146,119
Total assets less current liabilities		170,896	172,002
Creditors: Amounts falling due after more than one year		(39,048)	(51,543)
Accruals and deferred income		(3,000)	(4,763)
		128,848	115,696
Capital and reserves		128,848	115,696

These financial statements have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

For the financial year ending 31 July 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Approved and authorised by the Board on 31 March 2022 and signed on its behalf by:
 

.........................................

Mr J Macey
Director

Terry Macey Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2021

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Winchester House
Deane Gate
Avenue
Taunton
Somerset
TA1 2UH
UK

The principal place of business is:
Avalon Chapel
Silver Street
Glastonbury
Somerset
BA6 8BS

These financial statements were authorised for issue by the Board on 31 March 2022.

Basis of preparation

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

2	Staff numbers

The average number of persons employed by the company (including directors) during the year was 9 (2020 - 9).

3	Related party transactions

The directors have a loan account with the company which is repayable on demand. The amount outstanding at 31 July 2021 was £82,584 (2020: £11,603). Interest is not paid on credit balances but is charged at HMRC's official rate on overdrawn balances over £10,000.

Transactions with directors

2021	At 1 August 2020 £	Advances to directors £	Repayments by director £	At 31 July 2021 £
Mr T Macey and Mr J Macey	(11,603)	199,369	(105,182)	82,584

2020	At 1 August 2019 £	Advances to directors £	Repayments by director £	At 31 July 2020 £
Mr T Macey and Mr J Macey	(472)	31,869	(43,000)	(11,603)