Company registration number 05168881 (England and Wales)
TMS INSIGHT (DATA CAPTURE) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023
PAGES FOR FILING WITH REGISTRAR
TMS INSIGHT (DATA CAPTURE) LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
TMS INSIGHT (DATA CAPTURE) LIMITED
BALANCE SHEET
AS AT
30 JUNE 2023
30 June 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
4
11,197
10,877
Current assets
Stocks
2,021
2,338
Debtors
5
118,214
133,539
Cash at bank and in hand
86,340
100,807
206,575
236,684
Creditors: amounts falling due within one year
6
(162,544)
(136,062)
Net current assets
44,031
100,622
Total assets less current liabilities
55,228
111,499
Provisions for liabilities
(2,799)
(2,067)
Net assets
52,429
109,432
Capital and reserves
Called up share capital
52
50
Profit and loss reserves
52,377
109,382
Total equity
52,429
109,432

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

TMS INSIGHT (DATA CAPTURE) LIMITED
BALANCE SHEET (CONTINUED)
AS AT
30 JUNE 2023
30 June 2023
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 1 February 2024 and are signed on its behalf by:
Andrew Haywood
Director
Company Registration No. 05168881
TMS INSIGHT (DATA CAPTURE) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023
- 3 -
1
Accounting policies
Company information

TMS Insight (Data Capture) Limited is a private company limited by shares incorporated in England and Wales. The registered office is Shakespeare Buildings, 26 Cradley Road, Cradley Heath, West Midlands, B64 6AG.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

 

1.3
Research and development expenditure

Research expenditure is written off against profits in the year in which it is incurred. Under FRS 102 development expenditure is also written off against profits in the year it is incurred.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures, fittings & equipment
20% or 33% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Stocks

Stock is valued at the lower of cost and estimated selling price less costs to sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacture/completion.

1.6
Cash at bank and in hand

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

TMS INSIGHT (DATA CAPTURE) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2023
1
Accounting policies
(Continued)
- 4 -
1.7
Financial instruments

The following assets and liabilities are classified as financial instruments – trade debtors, trade creditors, bank loans and directors’ loans.

Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised costs using the effective interest method.

Directors’ loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of cash or other consideration expected to be paid or received.

1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Tax deferred or accelerated is accounted for in respect of all material timing differences, in particular accelerated capital allowances. All deferred tax is charged/(credited) to the Statement of Income and Retained Earnings/Profit and Loss Account.

1.9
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
6
6
3
Intangible fixed assets
Goodwill
Other
Total
£
£
£
Cost
At 1 July 2022 and 30 June 2023
19,882
5,221
25,103
Amortisation and impairment
At 1 July 2022 and 30 June 2023
19,882
5,221
25,103
Carrying amount
At 30 June 2023
-
0
-
0
-
0
At 30 June 2022
-
0
-
0
-
0
TMS INSIGHT (DATA CAPTURE) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2023
- 5 -
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 July 2022
75,059
Additions
12,036
At 30 June 2023
87,095
Depreciation and impairment
At 1 July 2022
64,182
Depreciation charged in the year
11,716
At 30 June 2023
75,898
Carrying amount
At 30 June 2023
11,197
At 30 June 2022
10,877
5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
109,049
133,539
Corporation tax recoverable
3,004
-
0
Other debtors
6,161
-
0
118,214
133,539
6
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
3,219
8,110
Corporation tax
41,325
41,251
Other taxation and social security
39,976
48,265
Other creditors
78,024
38,436
162,544
136,062
2023-06-302022-07-01false01 February 2024CCH SoftwareCCH Accounts Production 2022.200No description of principal activityMr A HaywoodMr C GaleSandra GaleJayne Haywood051688812022-07-012023-06-30051688812023-06-30051688812022-06-3005168881core:OtherPropertyPlantEquipment2023-06-3005168881core:OtherPropertyPlantEquipment2022-06-3005168881core:CurrentFinancialInstrumentscore:WithinOneYear2023-06-3005168881core:CurrentFinancialInstrumentscore:WithinOneYear2022-06-3005168881core:CurrentFinancialInstruments2023-06-3005168881core:CurrentFinancialInstruments2022-06-3005168881core:ShareCapital2023-06-3005168881core:ShareCapital2022-06-3005168881core:RetainedEarningsAccumulatedLosses2023-06-3005168881core:RetainedEarningsAccumulatedLosses2022-06-3005168881bus:Director12022-07-012023-06-3005168881core:FurnitureFittings2022-07-012023-06-30051688812021-07-012022-06-3005168881core:NetGoodwill2022-06-3005168881core:IntangibleAssetsOtherThanGoodwill2022-06-30051688812022-06-3005168881core:NetGoodwill2023-06-3005168881core:IntangibleAssetsOtherThanGoodwill2023-06-3005168881core:NetGoodwill2022-06-3005168881core:IntangibleAssetsOtherThanGoodwill2022-06-3005168881core:OtherPropertyPlantEquipment2022-06-3005168881core:OtherPropertyPlantEquipment2022-07-012023-06-3005168881core:WithinOneYear2023-06-3005168881core:WithinOneYear2022-06-3005168881bus:PrivateLimitedCompanyLtd2022-07-012023-06-3005168881bus:SmallCompaniesRegimeForAccounts2022-07-012023-06-3005168881bus:FRS1022022-07-012023-06-3005168881bus:AuditExemptWithAccountantsReport2022-07-012023-06-3005168881bus:Director22022-07-012023-06-3005168881bus:Director32022-07-012023-06-3005168881bus:Director42022-07-012023-06-3005168881bus:FullAccounts2022-07-012023-06-30xbrli:purexbrli:sharesiso4217:GBP