TLC Support Limited 11747805 false 2023-02-01 2024-01-31 2024-01-31 The principal activity of the company is Service of Medical Equipment Digita Accounts Production Advanced 6.30.9574.0 true true 11747805 2023-02-01 2024-01-31 11747805 2024-01-31 11747805 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2024-01-31 11747805 core:CurrentFinancialInstruments 2024-01-31 11747805 core:CurrentFinancialInstruments core:WithinOneYear 2024-01-31 11747805 core:Non-currentFinancialInstruments 2024-01-31 11747805 core:Non-currentFinancialInstruments core:AfterOneYear 2024-01-31 11747805 core:FurnitureFittingsToolsEquipment 2024-01-31 11747805 core:OtherRelatedParties 2024-01-31 11747805 bus:SmallEntities 2023-02-01 2024-01-31 11747805 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 11747805 bus:FullAccounts 2023-02-01 2024-01-31 11747805 bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 11747805 bus:RegisteredOffice 2023-02-01 2024-01-31 11747805 bus:CompanySecretary1 2023-02-01 2024-01-31 11747805 bus:Director1 2023-02-01 2024-01-31 11747805 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2023-02-01 2024-01-31 11747805 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 11747805 core:FurnitureFittingsToolsEquipment 2023-02-01 2024-01-31 11747805 core:OfficeEquipment 2023-02-01 2024-01-31 11747805 core:OtherRelatedParties 2023-02-01 2024-01-31 11747805 countries:EnglandWales 2023-02-01 2024-01-31 11747805 2023-01-31 11747805 core:FurnitureFittingsToolsEquipment 2023-01-31 11747805 core:OtherRelatedParties 2023-01-31 11747805 2022-02-01 2023-01-31 11747805 2023-01-31 11747805 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2023-01-31 11747805 core:CurrentFinancialInstruments 2023-01-31 11747805 core:CurrentFinancialInstruments core:WithinOneYear 2023-01-31 11747805 core:Non-currentFinancialInstruments 2023-01-31 11747805 core:Non-currentFinancialInstruments core:AfterOneYear 2023-01-31 11747805 core:FurnitureFittingsToolsEquipment 2023-01-31 11747805 core:OtherRelatedParties 2023-01-31 11747805 core:OtherRelatedParties 2022-02-01 2023-01-31 11747805 2022-01-31 11747805 core:OtherRelatedParties 2022-01-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 11747805

TLC Support Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 January 2024

 

TLC Support Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

TLC Support Limited

Company Information

Director

Mr Mark John Hauxwell

Company secretary

Emma Charlotte Olivia Hartman

Registered office

70 Ashfield Avenue
Bushey
Hertfordshire
WD23 4LN

Accountants

Phil Owen & Co Limited
Chartered Accountant
22 Pall Mall
Liverpool
Merseyside
L3 6AL

 

TLC Support Limited

(Registration number: 11747805)
Balance Sheet as at 31 January 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

176

1,105

Current assets

 

Debtors

5

50,441

48,154

Cash at bank and in hand

 

496

531

 

50,937

48,685

Creditors: Amounts falling due within one year

6

(26,561)

(27,063)

Net current assets

 

24,376

21,622

Total assets less current liabilities

 

24,552

22,727

Creditors: Amounts falling due after more than one year

6

(23,712)

(28,049)

Net assets/(liabilities)

 

840

(5,322)

Capital and reserves

 

Called up share capital

7

1

1

Retained earnings

839

(5,323)

Shareholders' funds/(deficit)

 

840

(5,322)

 

TLC Support Limited

(Registration number: 11747805)
Balance Sheet as at 31 January 2024

For the financial year ending 31 January 2024 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. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 27 February 2024
 

.........................................
Mr Mark John Hauxwell
Director

 

TLC Support Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

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:
70 Ashfield Avenue
Bushey
Hertfordshire
WD23 4LN
England

These financial statements were authorised for issue by the director on 27 February 2024.

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.

Going concern

The financial statements have been prepared on a going concern basis.

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.

 

TLC Support Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

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.

Tax

The tax expense for the period comprises current 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.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

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

Office equipment

20% steraight 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.

 

TLC Support Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

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.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

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.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 3 (2023 - 3).

 

TLC Support Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 February 2023

4,643

4,643

At 31 January 2024

4,643

4,643

Depreciation

At 1 February 2023

3,538

3,538

Charge for the year

929

929

At 31 January 2024

4,467

4,467

Carrying amount

At 31 January 2024

176

176

At 31 January 2023

1,105

1,105

5

Debtors

Current

2024
£

2023
£

Trade debtors

989

3,362

Other debtors

49,452

44,792

 

50,441

48,154

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8

18,166

11,573

Trade creditors

 

952

604

Taxation and social security

 

7,443

14,886

 

26,561

27,063

 

TLC Support Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

23,712

28,049

7

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinay shares of £1 each

1

1

1

1

         

8

Loans and borrowings

2024
£

2023
£

Non-current loans and borrowings

Bank borrowings

23,712

28,049

2024
£

2023
£

Current loans and borrowings

Bank borrowings

14,166

5,400

Bank overdrafts

4,000

6,173

18,166

11,573

Other borrowings

The carrying amount of at year end is £Nil (2023 - £Nil).

 

TLC Support Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

9

Related party transactions

Director's remuneration

The director's remuneration for the year was as follows:

2024
£

2023
£

Remuneration

9,079

19,402

Loans to related parties

2024

Other related parties
£

Total
£

At start of period

44,180

44,180

Repaid

(1,084)

(1,084)

At end of period

43,096

43,096

2023

Other related parties
£

Total
£

At start of period

52,810

52,810

Advanced

10,539

10,539

Repaid

(19,169)

(19,169)

At end of period

44,180

44,180