IRIS Accounts Production v23.2.0.158 03543940 Board of Directors 1.4.22 31.3.23 31.3.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure035439402022-03-31035439402023-03-31035439402022-04-012023-03-31035439402021-03-31035439402021-04-012022-03-31035439402022-03-3103543940ns16:EnglandWales2022-04-012023-03-3103543940ns15:PoundSterling2022-04-012023-03-3103543940ns11:Director12022-04-012023-03-3103543940ns11:PrivateLimitedCompanyLtd2022-04-012023-03-3103543940ns11:SmallEntities2022-04-012023-03-3103543940ns11:AuditExemptWithAccountantsReport2022-04-012023-03-3103543940ns11:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3103543940ns11:SmallCompaniesRegimeForAccounts2022-04-012023-03-3103543940ns11:FullAccounts2022-04-012023-03-3103543940ns11:OrdinaryShareClass12022-04-012023-03-3103543940ns11:Director22022-04-012023-03-3103543940ns11:Director32022-04-012023-03-3103543940ns11:CompanySecretary12022-04-012023-03-3103543940ns11:RegisteredOffice2022-04-012023-03-3103543940ns6:CurrentFinancialInstruments2023-03-3103543940ns6:CurrentFinancialInstruments2022-03-3103543940ns6:ShareCapital2023-03-3103543940ns6:ShareCapital2022-03-3103543940ns6:RetainedEarningsAccumulatedLosses2023-03-3103543940ns6:RetainedEarningsAccumulatedLosses2022-03-3103543940ns6:PlantMachinery2022-03-3103543940ns6:PlantMachinery2022-04-012023-03-3103543940ns6:PlantMachinery2023-03-3103543940ns6:WithinOneYearns6:CurrentFinancialInstruments2023-03-3103543940ns6:WithinOneYearns6:CurrentFinancialInstruments2022-03-3103543940ns6:WithinOneYear2023-03-3103543940ns6:WithinOneYear2022-03-3103543940ns6:BetweenOneFiveYears2023-03-3103543940ns6:BetweenOneFiveYears2022-03-3103543940ns6:AllPeriods2023-03-3103543940ns6:AllPeriods2022-03-3103543940ns11:OrdinaryShareClass12023-03-3103543940ns11:Director112022-03-3103543940ns11:Director112021-03-3103543940ns11:Director112022-04-012023-03-3103543940ns11:Director112021-04-012022-03-3103543940ns11:Director112023-03-3103543940ns11:Director112022-03-31035439403ns11:Director32022-03-31035439403ns11:Director32021-03-31035439403ns11:Director32022-04-012023-03-31035439403ns11:Director32021-04-012022-03-31035439403ns11:Director32023-03-31035439403ns11:Director32022-03-31
REGISTERED NUMBER: 03543940 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

TECHNICAL SUPPORT & SYSTEMS LTD

TECHNICAL SUPPORT & SYSTEMS LTD (REGISTERED NUMBER: 03543940)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 4 to 6


TECHNICAL SUPPORT & SYSTEMS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: Mr G S Lord
Mr R G White
Mr B W White





SECRETARY: Mr G S Lord





REGISTERED OFFICE: Unit 14
Orbital 25 Business Park
Dwight Road
Watford
Hertfordshire
WD18 9DA





REGISTERED NUMBER: 03543940 (England and Wales)





ACCOUNTANTS: Seymour Taylor Limited
57 London Road
High Wycombe
Buckinghamshire
HP11 1BS

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
TECHNICAL SUPPORT & SYSTEMS LTD


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Technical Support & Systems Ltd for the year ended 31 March 2023 which comprise the Income Statement, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Technical Support & Systems Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Technical Support & Systems Ltd and state those matters that we have agreed to state to the Board of Directors of Technical Support & Systems Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Technical Support & Systems Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Technical Support & Systems 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 Technical Support & Systems Ltd. You consider that Technical Support & Systems 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 Technical Support & Systems 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.






Seymour Taylor Limited
57 London Road
High Wycombe
Buckinghamshire
HP11 1BS


10 November 2023

TECHNICAL SUPPORT & SYSTEMS LTD (REGISTERED NUMBER: 03543940)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,211 -

CURRENT ASSETS
Stocks 5 9,600 2,900
Debtors 6 222,122 205,346
Cash at bank 151,505 181,967
383,227 390,213
CREDITORS
Amounts falling due within one year 7 150,568 154,614
NET CURRENT ASSETS 232,659 235,599
TOTAL ASSETS LESS CURRENT
LIABILITIES

236,870

235,599

CAPITAL AND RESERVES
Called up share capital 9 380 380
Retained earnings 236,490 235,219
SHAREHOLDERS' FUNDS 236,870 235,599

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.

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 10 November 2023 and were signed on its behalf by:





Mr G S Lord - Director


TECHNICAL SUPPORT & SYSTEMS LTD (REGISTERED NUMBER: 03543940)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

Technical Support & Systems Ltd is a private company limited by shares and incorporated in England and Wales. The address of the company's registered office is Unit 3 Orbital 25 Business Park, Dwight Road, Watford, Hertfordshire, WD18 9DA. The registered number is 03543940.

The presentation currency of these financial statements is Sterling (£), being the currency of the primary economic market in which the entity operates (its functional currency). All amounts in these financial statements have been rounded to the nearest pound unless stated otherwise.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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 and represents amounts receivable for goods and services provided in the normal course of business, net of discounts, VAT and other sales-related taxes.

Tangible fixed assets
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Fixtures and fittings - reducing balance 25%
Computer equipment - straight line 33%

Stocks
Stocks are valued at the lower of cost and the estimated selling price less costs to complete and sell, after making due allowance for obsolete and slow moving items.

Taxation
Tax on the profit or loss for the year comprises current and deferred tax. Tax is recognised in the income statement except to the extent that it relates to items recognised directly in equity or other comprehensive income, in which case it is recognised directly in equity or other comprehensive income.

Current tax is the expected tax payable or receivable on the taxable income or loss for the year, using tax rates enacted or substantively enacted at the statement of financial position date, and any adjustment to tax payable in respect of previous years.

Leasing commitments
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

TECHNICAL SUPPORT & SYSTEMS LTD (REGISTERED NUMBER: 03543940)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 3,988
Additions 5,614
At 31 March 2023 9,602
DEPRECIATION
At 1 April 2022 3,988
Charge for year 1,403
At 31 March 2023 5,391
NET BOOK VALUE
At 31 March 2023 4,211

5. STOCKS
2023 2022
£    £   
Stocks 9,600 2,900

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 198,185 157,878
Other debtors 23,937 47,468
222,122 205,346

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 22,653 13,671
Taxation and social security 64,394 97,328
Other creditors 63,521 43,615
150,568 154,614

TECHNICAL SUPPORT & SYSTEMS LTD (REGISTERED NUMBER: 03543940)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 25,788 -
Between one and five years 29,535 -
55,323 -

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
380 Ordinary £1 380 380

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
Mr G S Lord
Balance outstanding at start of year 849 -
Amounts advanced - 849
Amounts repaid (849 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 849

Mr B W White
Balance outstanding at start of year 36,362 10,000
Amounts advanced 21,366 36,362
Amounts repaid (36,362 ) (10,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 21,366 36,362

The loans are repayable on demand and interest is charged at 2.5% per annum.