Registered number
08578102
TDL GAS SERVICES LIMITED
FINANCIAL STATEMENTS FOR THE YEAR ENDED
30 JUNE 2023
DVL & CO ACCOUNTANTS
48 MELFORD ROAD
WALTHAMSTOW
LONDON E17 7EL
TDL GAS SERVICES LTD
Report and accounts
Contents
Page
Company information 1
Director's report 2
Profit and loss account 3
Balance sheet 4
Statement of changes in equity 5
Notes to the accounts 6 - 8
For directors informations only:
Detailed profit and loss accounts 9 -10
Accountant report 11
TDL GAS SERVICES LTD
Company Information
Director
Mr T D Liberatore
Secretary
Mr T D Liberatore
Accountants
DVL & CO
48
Melford Road
London
United Kingdom
E17 7EL
Bankers
Barclay Bank Plc
1 Churchill Place
London E14 5HP
Registered office
Top Floor Flat
52A High Street
Watton
Thatford
IP25 6AE
Registered number
08578102
TDL GAS SERVICES LTD
Registered number: 08578102
Director's Report
The director presents his report and accounts for the year ended 30 June 2023.
Principal activities
The company's principal activity during the year was Pluming and heating services.
Directors
The following persons served as directors during the year:
Mr T D Liberatore
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 28 March 2024 and signed by its order.
Mr T D Liberatore
Director
Secretary
TDL GAS SERVICES LTD
Profit and Loss Account
for the year ended 30 June 2023
2023 2022
£ £
Turnover 60,512 66,114
Cost of sales (18,451) (17,751)
Gross profit 42,061 48,363
Administrative expenses (22,638) (29,826)
Other operating income 3 -
Operating profit 19,426 18,537
Income from investments - 2,500
Interest receivable - 1
Interest payable (617) (250)
Profit before taxation 18,809 20,788
Tax on profit (3,801) (4,402)
Profit for the financial year 15,008 16,386
Continuing operations
None of the company's activities were acquired or discontinued during the above
two financial years.
Total recognised gains and losses
The company made recognised gains or losses other the profit for the above
two financial years.
TDL GAS SERVICES LTD
Registered number: 08578102
Balance Sheet
as at 30 June 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 6,428 7,501
Current assets
Debtors 4 20,287 13,088
Cash at bank and in hand 1,091 2,211
21,378 15,299
Creditors: amounts falling due within one year 5 (11,082) (3,637)
Net current assets 10,296 11,662
Total assets less current liabilities 16,724 19,163
Creditors: Bounce back loan 6 (16,448) (18,895)
Net assets 276 268
Capital and reserves
Called up share capital 100 100
Profit and loss account 176 168
Shareholder's funds 276 268
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr T D Liberatore
Director
Approved by the board on 28 March 2024
TDL GAS SERVICES LTD
Notes to the Accounts
for the year ended 30 June 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 15% written down value
Fixtures, fittings, tools and equipment 15% written down value
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 July 2022 1,234 11,134 12,368
At 30 June 2023 1,234 11,134 12,368
Depreciation
At 1 July 2022 476 4,391 4,867
Charge for the year 62 1,011 1,073
At 30 June 2023 538 5,402 5,940
Net book value
At 30 June 2023 696 5,732 6,428
At 30 June 2022 758 6,743 7,501
4 Debtors 2023 2022
£ £
Director loan overdraw and accural income 20,287 13,088
5 Creditors: amounts falling due within one year
Taxation and social security costs 8,873 2,540
Other creditors 2,209 1,097
11,082 3,637
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bounce back loan 16,448 18,895
7 Loans
Creditors include:
Bounce back loan 16,448 18,895
[Bounce back are secured by a debenture incorporating a fixed and floating charge over the assets of the company }
8 Related party transation
(A) The company was under the control of Mr T D Liberatore,director of the company.
(B) The balance on the Director Loan accounts overdrew at 30 June 2023 was £13,325 and repaid
to company the 29 March 2024 which is included is note 4 above.
9 Other information
TDL GAS SERVICES LTD is a private company limited by shares and incorporated in England. Its registered office is:
Top Floor Flat
52A High Street
Watton
Thatford
IP25 6AE
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