Tansys Limited 08925222 false 2022-04-01 2023-03-31 2023-03-31 The principal activity of the company is that of a recruitment agency and the research and development of yacht management software. Digita Accounts Production Advanced 6.30.9574.0 true 08925222 2022-04-01 2023-03-31 08925222 2023-03-31 08925222 core:RetainedEarningsAccumulatedLosses 2023-03-31 08925222 core:ShareCapital 2023-03-31 08925222 core:CurrentFinancialInstruments 2023-03-31 08925222 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 08925222 core:FurnitureFittingsToolsEquipment 2023-03-31 08925222 core:OtherPropertyPlantEquipment 2023-03-31 08925222 bus:SmallEntities 2022-04-01 2023-03-31 08925222 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 08925222 bus:FullAccounts 2022-04-01 2023-03-31 08925222 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 08925222 bus:RegisteredOffice 2022-04-01 2023-03-31 08925222 bus:Director1 2022-04-01 2023-03-31 08925222 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 08925222 core:ComputerEquipment 2022-04-01 2023-03-31 08925222 core:FurnitureFittingsToolsEquipment 2022-04-01 2023-03-31 08925222 core:OfficeEquipment 2022-04-01 2023-03-31 08925222 core:OtherPropertyPlantEquipment 2022-04-01 2023-03-31 08925222 countries:EnglandWales 2022-04-01 2023-03-31 08925222 2022-03-31 08925222 core:FurnitureFittingsToolsEquipment 2022-03-31 08925222 core:OtherPropertyPlantEquipment 2022-03-31 08925222 2021-04-01 2022-03-31 08925222 2022-03-31 08925222 core:RetainedEarningsAccumulatedLosses 2022-03-31 08925222 core:ShareCapital 2022-03-31 08925222 core:CurrentFinancialInstruments 2022-03-31 08925222 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 08925222 core:FurnitureFittingsToolsEquipment 2022-03-31 08925222 core:OtherPropertyPlantEquipment 2022-03-31 iso4217:GBP xbrli:pure

Registration number: 08925222

Tansys Limited

Filleted Unaudited Financial Statements

for the Year Ended 31 March 2023

 

Tansys Limited
(Registration number: 08925222)

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Tansys Limited
(Registration number: 08925222)

Company Information

Director

Mr J P Franklin

Registered office

1 Colleton Crescent
Exeter
Devon
EX2 4DG

Accountants

Thompson Jenner LLP
Chartered Accountants
1 Colleton Crescent
Exeter
Devon
EX2 4DG

 

Tansys Limited
(Registration number: 08925222)

Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

20,364

37,089

Current assets

 

Debtors

5

2,878

10,359

Cash at bank and in hand

 

101,540

100,831

 

104,418

111,190

Creditors: Amounts falling due within one year

6

(126,413)

(127,677)

Net current liabilities

 

(21,995)

(16,487)

Total assets less current liabilities

 

(1,631)

20,602

Provisions for liabilities

-

(7,047)

Net (liabilities)/assets

 

(1,631)

13,555

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

(1,731)

13,455

Total equity

 

(1,631)

13,555

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.

Director's 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 director acknowledges his 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 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 22 November 2023
 

.........................................
Mr J P Franklin
Director

 

Tansys Limited
(Registration number: 08925222)

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 and Wales.

The address of its registered office is:
1 Colleton Crescent
Exeter
Devon
EX2 4DG

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.

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.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

 

Tansys Limited
(Registration number: 08925222)

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

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

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.

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

Computer hardware

25% straight line

Computer equipment

33% straight line

Office equipment

25% straight line

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.

 

Tansys Limited
(Registration number: 08925222)

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

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.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

4

Tangible assets

Computer hardware and equipment
 £

Office equipment
£

Total
£

Cost or valuation

At 1 April 2022

157,791

870

158,661

At 31 March 2023

157,791

870

158,661

Depreciation

At 1 April 2022

121,053

519

121,572

Charge for the year

16,622

103

16,725

At 31 March 2023

137,675

622

138,297

Carrying amount

At 31 March 2023

20,116

248

20,364

At 31 March 2022

36,738

351

37,089

 

Tansys Limited
(Registration number: 08925222)

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

5

Debtors

2023
£

2022
£

Trade debtors

-

4,634

Other debtors

2,878

5,725

Total current trade and other debtors

2,878

10,359

6

Creditors

2023
£

2022
£

Due within one year

Taxation and social security

700

2,044

Other creditors

124,133

124,133

Accrued expenses

1,580

1,500

126,413

127,677