3 false false false false false false false false false false true false false false false false false No description of principal activity 2022-05-01 Sage Accounts Production Advanced 2023 - FRS102_2023 6,339 1,490 166 7,663 2,323 1,353 74 3,602 4,061 4,016 xbrli:pure xbrli:shares iso4217:GBP 10724233 2022-05-01 2023-04-30 10724233 2023-04-30 10724233 2022-04-30 10724233 2021-05-01 2022-04-30 10724233 2022-04-30 10724233 2021-04-30 10724233 bus:Director1 2022-05-01 2023-04-30 10724233 core:WithinOneYear 2023-04-30 10724233 core:WithinOneYear 2022-04-30 10724233 core:ShareCapital 2023-04-30 10724233 core:ShareCapital 2022-04-30 10724233 core:RetainedEarningsAccumulatedLosses 2023-04-30 10724233 core:RetainedEarningsAccumulatedLosses 2022-04-30 10724233 bus:SmallEntities 2022-05-01 2023-04-30 10724233 bus:AuditExemptWithAccountantsReport 2022-05-01 2023-04-30 10724233 bus:SmallCompaniesRegimeForAccounts 2022-05-01 2023-04-30 10724233 bus:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 10724233 bus:FullAccounts 2022-05-01 2023-04-30 10724233 core:OfficeEquipment 2022-05-01 2023-04-30 10724233 core:OfficeEquipment 2022-04-30 10724233 core:OfficeEquipment 2023-04-30 10724233 core:KeyManagementPersonnel 2022-05-01 2023-04-30
COMPANY REGISTRATION NUMBER: 10724233
TS CSV QA Ltd
Filleted Unaudited Financial Statements
30 April 2023
TS CSV QA Ltd
Financial Statements
Year ended 30 April 2023
Contents
Page
Statement of financial position
1
Notes to the financial statements
3
TS CSV QA Ltd
Statement of Financial Position
30 April 2023
2023
2022
Note
£
£
Fixed assets
Tangible assets
5
4,061
4,016
Current assets
Debtors
6
45,183
55,558
Cash at bank and in hand
143,176
81,467
---------
---------
188,359
137,025
Creditors: amounts falling due within one year
7
45,001
37,962
---------
---------
Net current assets
143,358
99,063
---------
---------
Total assets less current liabilities
147,419
103,079
Provisions
1,015
763
---------
---------
Net assets
146,404
102,316
---------
---------
Capital and reserves
Called up share capital
100
100
Profit and loss account
146,304
102,216
---------
---------
Shareholders funds
146,404
102,316
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 April 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 his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
TS CSV QA Ltd
Statement of Financial Position (continued)
30 April 2023
These financial statements were approved by the board of directors and authorised for issue on 20 November 2023 , and are signed on behalf of the board by:
Mr T Simmons
Director
Company registration number: 10724233
TS CSV QA Ltd
Notes to the Financial Statements
Year ended 30 April 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Camburgh House, 27 New Dover Road, Canterbury, Kent, CT1 3DN, United Kingdom.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss. 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. Deferred tax is recognised in respect of all timing differences at the reporting date.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
25% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Government grants
Government grants are recognised using the accrual model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or lossesnalready incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it it becomes receivable.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.
Defined contribution plans
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. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 3 (2022: 3 ).
5. Tangible assets
Equipment
£
Cost
At 1 May 2022
6,339
Additions
1,490
Disposals
( 166)
-------
At 30 April 2023
7,663
-------
Depreciation
At 1 May 2022
2,323
Charge for the year
1,353
Disposals
( 74)
-------
At 30 April 2023
3,602
-------
Carrying amount
At 30 April 2023
4,061
-------
At 30 April 2022
4,016
-------
6. Debtors
2023
2022
£
£
Trade debtors
35,957
52,492
Other debtors
9,226
3,066
--------
--------
45,183
55,558
--------
--------
7. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
340
257
Corporation tax
25,018
25,568
Social security and other taxes
2,253
231
Other creditors
17,390
11,906
--------
--------
45,001
37,962
--------
--------
8. Related party transactions
At the year end the company owed a Director £14,341 (2022: £10,019).