T L S Data Limited 04995925 false 2022-04-01 2023-03-31 2023-03-31 The principal activity of the company is sale of data for direct marketing. Digita Accounts Production Advanced 6.30.9574.0 true true 04995925 2022-04-01 2023-03-31 04995925 2023-03-31 04995925 core:RetainedEarningsAccumulatedLosses 2023-03-31 04995925 core:ShareCapital 2023-03-31 04995925 core:CurrentFinancialInstruments 2023-03-31 04995925 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 04995925 core:Goodwill 2023-03-31 04995925 core:FurnitureFittingsToolsEquipment 2023-03-31 04995925 bus:SmallEntities 2022-04-01 2023-03-31 04995925 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 04995925 bus:FullAccounts 2022-04-01 2023-03-31 04995925 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 04995925 bus:RegisteredOffice 2022-04-01 2023-03-31 04995925 bus:CompanySecretary1 2022-04-01 2023-03-31 04995925 bus:Director2 2022-04-01 2023-03-31 04995925 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 04995925 core:Goodwill 2022-04-01 2023-03-31 04995925 core:FurnitureFittingsToolsEquipment 2022-04-01 2023-03-31 04995925 core:OfficeEquipment 2022-04-01 2023-03-31 04995925 countries:EnglandWales 2022-04-01 2023-03-31 04995925 2022-03-31 04995925 core:Goodwill 2022-03-31 04995925 core:FurnitureFittingsToolsEquipment 2022-03-31 04995925 2021-04-01 2022-03-31 04995925 2022-03-31 04995925 core:RetainedEarningsAccumulatedLosses 2022-03-31 04995925 core:ShareCapital 2022-03-31 04995925 core:CurrentFinancialInstruments 2022-03-31 04995925 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 04995925 core:FurnitureFittingsToolsEquipment 2022-03-31 iso4217:GBP xbrli:pure

Registration number: 04995925

T L S Data Limited

Annual Report and Unaudited Filleted Financial Statements

for the Year Ended 31 March 2023

 

T L S Data Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

T L S Data Limited

Company Information

Director

Mr R J Cox

Company secretary

Mrs A L Cox

Registered office

39 High Street
Battle
East Sussex
TN33 0EE

Accountants

Manningtons
39 High Street
Battle
East Sussex
TN33 0EE

 

T L S Data Limited

(Registration number: 04995925)
Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

5

311

414

Current assets

 

Debtors

6

648

3,086

Cash at bank and in hand

 

11,424

14,890

 

12,072

17,976

Creditors: Amounts falling due within one year

7

(17,675)

(15,392)

Net current (liabilities)/assets

 

(5,603)

2,584

Total assets less current liabilities

 

(5,292)

2,998

Provisions for liabilities

-

(79)

Net (liabilities)/assets

 

(5,292)

2,919

Capital and reserves

 

Called up share capital

100

100

Retained earnings

(5,392)

2,819

Shareholders' (deficit)/funds

 

(5,292)

2,919

For the financial year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 23 August 2023
 

.........................................
Mr R J Cox
Director

 

T L S Data Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

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:
39 High Street
Battle
East Sussex
TN33 0EE
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentation currency of the financial statements is the Pound Sterling (£).

Going concern

The financial statements have been prepared on a going concern basis, notwithstanding that there is a deficiency
of assets at the year end date amounting to £5,292. The validity of this assumption is dependent on the
continued financial support of the company's director and creditors. The financial statements do not include any
adjustments that would result from discontinuance of their financial support. On this basis, the director considers
that it is appropriate for the financial statements to be prepared on the going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

T L S Data Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

25% reducing balance

Furniture, fittings and equipment

25% reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

10% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

T L S Data Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised at the transaction price, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised at the transaction price.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 3 (2022 - 3).

 

T L S Data Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 April 2022

300,000

300,000

At 31 March 2023

300,000

300,000

Amortisation

At 1 April 2022

300,000

300,000

At 31 March 2023

300,000

300,000

Carrying amount

At 31 March 2023

-

-

5

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 April 2022

10,587

10,587

At 31 March 2023

10,587

10,587

Depreciation

At 1 April 2022

10,173

10,173

Charge for the year

103

103

At 31 March 2023

10,276

10,276

Carrying amount

At 31 March 2023

311

311

At 31 March 2022

414

414

 

T L S Data Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

6

Debtors

2023
£

2022
£

Trade debtors

440

2,786

Prepayments

208

300

648

3,086

7

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

3,701

3,652

Taxation and social security

2,701

8,195

Accruals and deferred income

617

1,167

Other creditors

722

1,880

Director loan account

9,934

498

17,675

15,392