Company Registration No. 13021488 (England and Wales)
TEX LEICESTER LTD
Unaudited accounts
for the period from 15 November 2020 to 30 November 2021
TEX LEICESTER LTD
Unaudited accounts
Contents
TEX LEICESTER LTD
Company Information
for the period from 15 November 2020 to 30 November 2021
Directors
Rajbinder Kaur Dhillon
Tajinder Singh Choongh
Ravtej Singh Mangat
Company Number
13021488 (England and Wales)
Registered Office
HOLMSTEAD
GERRARDS CROSS ROAD
STOKE POGES
SL2 4EX
ENGLAND
TEX LEICESTER LTD
Statement of financial position
as at 30 November 2021
Cash at bank and in hand
140,636
Creditors: amounts falling due within one year
(393,932)
Net current liabilities
(173,300)
Called up share capital
100
Profit and loss account
148,769
Shareholders' funds
148,869
For the period ending 30 November 2021 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. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 13 September 2022 and were signed on its behalf by
Ravtej Singh Mangat
Director
Company Registration No. 13021488
TEX LEICESTER LTD
Notes to the Accounts
for the period from 15 November 2020 to 30 November 2021
TEX LEICESTER LTD is a private company, limited by shares, registered in England and Wales, registration number 13021488. The registered office is HOLMSTEAD, GERRARDS CROSS ROAD, STOKE POGES, SL2 4EX, ENGLAND.
Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 Section 1A – ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ and the Companies Act 2006.
The presentational currency of the financial statements is pound sterling (£).
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Covid-19 is not expected to have a significant impact on the entity. Management has determined that there is no material uncertainty that casts doubt on the entity’s ability to continue as a going concern. It expects that Covid-19 might have some impact, though not significant, for example, in relation to expected future performance, or the effects on some future asset valuations.
Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
• the Company has transferred the significant risks and rewards of ownership to the buyer;
• the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the Company will receive the consideration due under the transaction; and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.
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
4 years; straight line
Computer equipment
3 years straightline
Other tangible fixed assets
8 years; straight line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
TEX LEICESTER LTD
Notes to the Accounts
for the period from 15 November 2020 to 30 November 2021
3
Intangible fixed assets
Goodwill
Other
Total
Additions
25,000
6,750
31,750
At 30 November 2021
25,000
6,750
31,750
Charge for the period
2,708
281
2,989
At 30 November 2021
2,708
281
2,989
At 30 November 2021
22,292
6,469
28,761
4
Tangible fixed assets
Land & buildings
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 15 November 2020
-
-
-
-
Additions
12,990
309,089
2,342
324,421
At 30 November 2021
12,990
309,089
2,342
324,421
Charge for the period
541
30,119
353
31,013
At 30 November 2021
541
30,119
353
31,013
At 30 November 2021
12,449
278,970
1,989
293,408
5
Debtors: amounts falling due within one year
2021
6
Creditors: amounts falling due within one year
2021
Taxes and social security
4,785
Loans from directors
205,900
7
Average number of employees
During the period the average number of employees was 27.