1 April 2022 v2023.24.1 limited_company_frs_102_section_1a_v1_1_0 companies_houseSoftwarefalsetruetruetrueNo description of principal activitytruexbrli:purexbrli:sharesiso4217:GBP075413432022-04-012023-03-31075413432023-03-31075413432022-03-3107541343core:WithinOneYear2023-03-3107541343core:WithinOneYear2022-03-3107541343core:ShareCapital2023-03-3107541343core:ShareCapital2022-03-3107541343core:RetainedEarningsAccumulatedLosses2023-03-3107541343core:RetainedEarningsAccumulatedLosses2022-03-3107541343bus:Director12022-04-012023-03-3107541343bus:RegisteredOffice2022-04-012023-03-3107541343core:LandBuildings2022-04-012023-03-3107541343core:PlantMachinery2022-04-012023-03-31075413432021-04-012022-03-3107541343core:LandBuildings2022-04-0107541343core:PlantMachinery2022-04-01075413432022-04-0107541343core:LandBuildings2023-03-3107541343core:PlantMachinery2023-03-3107541343core:LandBuildings2022-03-3107541343core:PlantMachinery2022-03-310754134312022-04-012023-03-3107541343countries:EnglandWales2022-04-012023-03-3107541343bus:AuditExemptWithAccountantsReport2022-04-012023-03-3107541343bus:PrivateLimitedCompanyLtd2022-04-012023-03-3107541343bus:SmallEntities2022-04-012023-03-3107541343bus:FullAccounts2022-04-012023-03-31
Company registration number:
07541343
Technology Support Solutions Ltd
Unaudited Filleted Financial Statements for the year ended
31 March 2023
Technology Support Solutions Ltd
Report to the board of directors on the preparation of the unaudited statutory financial statements of Technology Support Solutions Ltd
Year ended
31 March 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements
of
Technology Support Solutions Ltd
for the year ended
31 March 2023
which comprise the income statement, statement of income and retained earnings, statement of financial position and related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/​content/​dam/​ACCA_Global/​Members/​Doc/​rule/​2018-rulebook.pdf.
This report is made solely to the Board of Directors of
Technology Support Solutions Ltd
, as a body. Our work has been undertaken solely to prepare for your approval the
financial statements
of
Technology Support Solutions Ltd
and state those matters that we have agreed to state to the Board of Directors of
Technology Support Solutions Ltd
, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at https://www.accaglobal.com/​content/​dam/​ACCA_Global/​Technical/​fact/​technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than
Technology Support Solutions Ltd
and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that
Technology Support Solutions Ltd
has kept adequate accounting records and to prepare statutory
financial statements
that give a true and fair view of the assets, liabilities, financial position and profit of
Technology Support Solutions Ltd
. You consider that
Technology Support Solutions Ltd
is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Technology Support Solutions Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
A G Smith & Co Ltd
Chartered Certified Accountants
Unit 8
Laceby Business Park
Grimsby
North East Lincs
DN37 7DP
United Kingdom
Date:
23 October 2023
Technology Support Solutions Ltd
Statement of Financial Position
31 March 2023
20232022
Note££
Fixed assets    
Tangible assets 5
118,836
 
138,205
 
Current assets    
Stocks
28,315
 
22,925
 
Debtors 6
856,606
 
764,470
 
Cash at bank and in hand
31,573
 
139,448
 
916,494
 
926,843
 
Creditors: amounts falling due within one year 7
(152,087
)
(292,425
)
Net current assets
764,407
 
634,418
 
Total assets less current liabilities 883,243   772,623  
Provisions for liabilities
(6,521
)
(11,363
)
Net assets
876,722
 
761,260
 
Capital and reserves    
Called up share capital
1
 
1
 
Profit and loss account
876,721
 
761,259
 
Shareholders funds
876,722
 
761,260
 
For the 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 financial statements for the year in question in accordance with section 476;
  • The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
financial statements
have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies’ regime.
In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered.
These
financial statements
were approved by the board of directors and authorised for issue on
23 October 2023
, and are signed on behalf of the board by:
G Colby
Director
Company registration number:
07541343
Technology Support Solutions Ltd
Notes to the Financial Statements
Year ended
31 March 2023

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
429 Grimsby Road
,
Cleethorpes
,
N E Lincolnshire
,
DN35 7LB
, England.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Land and buildings
Straight line over 50 years
Plant and machinery
10%, 20%, 25% and 50% straight line

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured on an undiscounted basis at the tax rates that would apply in the periods in which timing differences are expected to reverse, based on tax rates and laws enacted at the statement of financial position date.

Defined contribution pension plan

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4 Average number of employees

The average number of persons employed by the company during the year was
6
(2022:
6.00
).

5 Tangible assets

Land and buildingsPlant and machinery etc.Total
£££
Cost      
At
1 April 2022
98,033
 
174,971
 
273,004
 
Additions -  
908
 
908
 
Disposals -  
(19,490
)
(19,490
)
At
31 March 2023
98,033
 
156,389
 
254,422
 
Depreciation      
At
1 April 2022
9,668
 
125,131
 
134,799
 
Charge
1,962
 
18,315
 
20,277
 
Disposals -  
(19,490
)
(19,490
)
At
31 March 2023
11,630
 
123,956
 
135,586
 
Carrying amount      
At
31 March 2023
86,403
 
32,433
 
118,836
 
At 31 March 2022
88,365
 
49,840
 
138,205
 

6 Debtors

20232022
££
Trade debtors
30,573
 
138,659
 
Other debtors
826,033
 
625,811
 
856,606
 
764,470
 

7 Creditors: amounts falling due within one year

20232022
££
Trade creditors
7,636
 
75,208
 
Taxation and social security
51,447
 
66,481
 
Other creditors
93,004
 
150,736
 
152,087
 
292,425