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REGISTERED NUMBER: 11937461 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023

FOR

TDS CONSULTANTS LTD

TDS CONSULTANTS LTD (REGISTERED NUMBER: 11937461)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TDS CONSULTANTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2023







DIRECTORS: R Farrow
R S Bishop
Mrs H A Bishop
Mrs Joy E Farrow
M C Donohue





SECRETARY:





REGISTERED OFFICE: Venture Court
2 Debdale Road
Wellingborough
Northamptonshire
NN8 5AA





REGISTERED NUMBER: 11937461 (England and Wales)





ACCOUNTANTS: ISIS Business Solutions (Northants) LLP
Venture Court
2 Debdale Road
Wellingborough
Northamptonshire
NN8 5AA

TDS CONSULTANTS LTD (REGISTERED NUMBER: 11937461)

BALANCE SHEET
31ST MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 30,084 33,535

CURRENT ASSETS
Debtors 5 249,844 248,771
Cash at bank 178,471 235,846
428,315 484,617
CREDITORS
Amounts falling due within one year 6 46,592 103,727
NET CURRENT ASSETS 381,723 380,890
TOTAL ASSETS LESS CURRENT LIABILITIES 411,807 414,425

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 411,707 414,325
SHAREHOLDERS' FUNDS 411,807 414,425

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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.

TDS CONSULTANTS LTD (REGISTERED NUMBER: 11937461)

BALANCE SHEET - continued
31ST 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 9th November 2023 and were signed on its behalf by:




R Farrow - Director



R S Bishop - Director


TDS CONSULTANTS LTD (REGISTERED NUMBER: 11937461)

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

1. STATUTORY INFORMATION

TDS Consultants Ltd 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.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation 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 in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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 6 (2022 - 3 ) .

TDS CONSULTANTS LTD (REGISTERED NUMBER: 11937461)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1st April 2022 774 34,640 3,611 39,025
Additions - - 1,141 1,141
At 31st March 2023 774 34,640 4,752 40,166
DEPRECIATION
At 1st April 2022 224 4,133 1,133 5,490
Charge for year 138 3,093 1,361 4,592
At 31st March 2023 362 7,226 2,494 10,082
NET BOOK VALUE
At 31st March 2023 412 27,414 2,258 30,084
At 31st March 2022 550 30,507 2,478 33,535

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 48,446 48,203
Amounts owed by group undertakings 70 70
Amounts owed by associates 200,000 200,000
Other debtors 1,328 498
249,844 248,771

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 18,393 36,024
Taxation and social security 21,269 62,338
Other creditors 6,930 5,365
46,592 103,727

7. RELATED PARTY DISCLOSURES

During the year, total dividends of £12,000 were paid to the directors .

TDS CONSULTANTS LTD (REGISTERED NUMBER: 11937461)

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

7. RELATED PARTY DISCLOSURES - continued

During the year, the Company entered into transactions with related parties. All transactions were carried out at arms length.

The Company paid management fees amounting to £115,896 to Technical & Development Services (Southern) Ltd, £24,000 to Technical & Development Services Partners LLP and £5,000 to Technical & Development Services Ltd.

On the 5th of October 2021 the Company loaned RN Property Partnership LLP £200,000. RN Property Partnership LLP is a business in which R Farrow is closely associated with.

The Loan is currently interest only charged at 3% but the terms of the loan are to be reviewed every 2 years. On the 28th of April 2022, the Company registered a charge over RN Property Partnership LLP to secure payment of the loan.

The Company received £6,000 interest from RN Property Partnership LLP.

At the balance sheet date, the Company owed Technical & Development Services (Southern) Ltd £15,880.