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REGISTERED NUMBER: 06620977 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

TSNET Systems Limited

TSNET Systems Limited (Registered number: 06620977)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TSNET Systems Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: T H Davies
Y H S Chan





SECRETARY: T H Davies





REGISTERED OFFICE: Rosedale, South Row
Chilton
Oxfordshire
OX11 0RT





REGISTERED NUMBER: 06620977 (England and Wales)





ACCOUNTANTS: ACL & Co
Chartered Certified Accountants
The Coach House
North Building
1 Howard Road
Reigate
Surrey
RH2 7JE

TSNET Systems Limited (Registered number: 06620977)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £   
CURRENT ASSETS
Stocks 30,000 22,000
Debtors 5 20,684 22,568
Cash at bank 21,588 5,584
72,272 50,152
CREDITORS
Amounts falling due within one year 6 106,732 72,146
NET CURRENT LIABILITIES (34,460 ) (21,994 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(34,460

)

(21,994

)

CAPITAL AND RESERVES
Called up share capital 800 800
Retained earnings (35,260 ) (22,794 )
SHAREHOLDERS' FUNDS (34,460 ) (21,994 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

TSNET Systems Limited (Registered number: 06620977)

Balance Sheet - continued
31 March 2023


The 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.

The financial statements were approved by the Board of Directors and authorised for issue on 24 October 2023 and were signed on its behalf by:




T H Davies - Director



Y H S Chan - Director


TSNET Systems Limited (Registered number: 06620977)

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

1. STATUTORY INFORMATION

TSNET Systems Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022
and 31 March 2023 2,729
DEPRECIATION
At 1 April 2022
and 31 March 2023 2,729
NET BOOK VALUE
At 31 March 2023 -

TSNET Systems Limited (Registered number: 06620977)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 15,684 17,568
Directors' loan accounts 5,000 5,000
20,684 22,568

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 79,676 65,601
Tax - 1,625
Social security and other taxes 213 257
VAT 3,373 2,413
Other creditors 20,000 -
Directors' current accounts 1,040 -
Accrued expenses 2,430 2,250
106,732 72,146