TD Commercial Services Limited 05150437 false 2022-04-01 2023-03-31 2023-03-31 The principal activity of the company is haulage repairer. Digita Accounts Production Advanced 6.30.9574.0 true true 05150437 2022-04-01 2023-03-31 05150437 2023-03-31 05150437 bus:OrdinaryShareClass1 2023-03-31 05150437 core:CurrentFinancialInstruments 2023-03-31 05150437 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 05150437 core:Goodwill 2023-03-31 05150437 core:FurnitureFittingsToolsEquipment 2023-03-31 05150437 core:MotorVehicles 2023-03-31 05150437 core:OtherPropertyPlantEquipment 2023-03-31 05150437 bus:SmallEntities 2022-04-01 2023-03-31 05150437 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 05150437 bus:FullAccounts 2022-04-01 2023-03-31 05150437 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 05150437 bus:RegisteredOffice 2022-04-01 2023-03-31 05150437 bus:Director1 2022-04-01 2023-03-31 05150437 bus:Director2 2022-04-01 2023-03-31 05150437 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 05150437 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 05150437 core:Goodwill 2022-04-01 2023-03-31 05150437 core:FurnitureFittings 2022-04-01 2023-03-31 05150437 core:FurnitureFittingsToolsEquipment 2022-04-01 2023-03-31 05150437 core:MotorVehicles 2022-04-01 2023-03-31 05150437 core:OfficeEquipment 2022-04-01 2023-03-31 05150437 core:OtherPropertyPlantEquipment 2022-04-01 2023-03-31 05150437 core:PlantMachinery 2022-04-01 2023-03-31 05150437 countries:England 2022-04-01 2023-03-31 05150437 2022-03-31 05150437 core:Goodwill 2022-03-31 05150437 core:FurnitureFittingsToolsEquipment 2022-03-31 05150437 core:MotorVehicles 2022-03-31 05150437 core:OtherPropertyPlantEquipment 2022-03-31 05150437 2021-04-01 2022-03-31 05150437 2022-03-31 05150437 bus:OrdinaryShareClass1 2022-03-31 05150437 core:CurrentFinancialInstruments 2022-03-31 05150437 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 05150437 core:FurnitureFittingsToolsEquipment 2022-03-31 05150437 core:MotorVehicles 2022-03-31 05150437 core:OtherPropertyPlantEquipment 2022-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 05150437

TD Commercial Services Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2023

 

TD Commercial Services Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

TD Commercial Services Limited

Company Information

Directors

Mr D Wells

Mr A Wells

Registered office

26 Printing House Lane
Hayes
Middlesex
UB3 1AP

Accountants

Keano Services Limited

 

TD Commercial Services Limited

(Registration number: 05150437)
Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

5

31,660

42,215

Current assets

 

Debtors

6

72,638

48,663

Cash at bank and in hand

 

12,411

83,956

 

85,049

132,619

Creditors: Amounts falling due within one year

7

(188,999)

(249,510)

Net current liabilities

 

(103,950)

(116,891)

Net liabilities

 

(72,290)

(74,676)

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

(72,390)

(74,776)

Shareholders' deficit

 

(72,290)

(74,676)

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.

Directors' 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 directors acknowledge their 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. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 12 August 2023 and signed on its behalf by:
 

 

TD Commercial Services Limited

(Registration number: 05150437)
Balance Sheet as at 31 March 2023

.........................................
Mr D Wells
Director

.........................................
Mr A Wells
Director

 

TD Commercial Services 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.

The address of its registered office is:
26 Printing House Lane
Hayes
Middlesex
UB3 1AP
United Kingdom

These financial statements were authorised for issue by the Board on 12 August 2023.

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.

Going concern

The financial statements have been prepared on a 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

Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes.

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.

 

TD Commercial Services Limited

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

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

Plant and machinery

25% reducing balance

Office equipment

25% reducing balance

Motor vehicles

25% reducing balance

Furniture and fittings

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 years

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.

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 initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, 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 initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

TD Commercial Services Limited

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

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

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.

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 directors) during the year, was 4 (2022 - 5).

 

TD Commercial Services 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
 £

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 April 2022

21,007

18,945

147,882

187,834

At 31 March 2023

21,007

18,945

147,882

187,834

Depreciation

At 1 April 2022

11,100

18,607

115,912

145,619

Charge for the year

2,477

85

7,993

10,555

At 31 March 2023

13,577

18,692

123,905

156,174

Carrying amount

At 31 March 2023

7,430

253

23,977

31,660

At 31 March 2022

9,907

338

31,970

42,215

6

Debtors

Current

2023
£

2022
£

Trade debtors

72,638

48,663

7

Creditors

Creditors: amounts falling due within one year

 

TD Commercial Services Limited

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

2023
£

2022
£

Due within one year

Trade creditors

7,952

6,140

Taxation and social security

31,276

47,809

Accruals and deferred income

2,500

3,000

Other creditors

147,271

192,561

188,999

249,510

8

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100