Registered number
11785999
T & S Developers Ltd
Filleted Accounts
31 January 2022
T & S Developers Ltd
Registered number: 11785999
Balance Sheet
as at 31 January 2022
Notes 2022 2021
£ £
Current assets
Stocks 476,829 422,829
Cash at bank and in hand 200 1,860
477,029 424,689
Creditors: amounts falling due within one year 3 (3,262) (27,002)
Net current assets 473,767 397,687
Total assets less current liabilities 473,767 397,687
Creditors: amounts falling due after more than one year 4 (497,923) (418,117)
Net liabilities (24,156) (20,430)
Capital and reserves
Called up share capital 3,000 3,000
Profit and loss account (27,156) (23,430)
Shareholders' funds (24,156) (20,430)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Talat Mahmood
Director
Approved by the board on 26 August 2022
T & S Developers Ltd
Notes to the Accounts
for the year ended 31 January 2022
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts. Turnover includes revenue earned from the sale of domestic buildings. Turnover from the sale of domestic buildings is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2022 2021
Number Number
Average number of persons employed by the company - -
3 Creditors: amounts falling due within one year 2022 2021
£ £
Trade creditors - 26,600
Accruals and deferred income 413 402
Other creditors 2,849 -
3,262 27,002
4 Creditors: amounts falling due after one year 2022 2021
£ £
Bank loans 38,297 45,000
Directors' account 459,626 373,117
497,923 418,117
5 Other information
T & S Developers Ltd is a private company limited by shares and incorporated in England. Its registered office is:
8-10 Outram House
Piccadilly Village, Great Ancoats Street
Manchester
Lancashire
M4 7AA
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